OTL gives Opportunity to Forge New Partnerships, Showcase Brands, Align Operations to Suit Emerging Industry Dynamics- Oyebanji “This year’s event welcomes a strong presence of the industry, understandably so in these blended times of great flux, uncertainty and opportunity. As we are all aware, the ongoing conflicts in Eastern Europe and the Middle East continue…
Nigeria targets 1.7mbd oil production, $74/b price for 2024 Nigeria plans 1.78 million barrels per day, mbd, oil production and oil price benchmark of $73.96 per barrels for its 2024 spendings. This is a recent Federal Executive Council decision as announced by the minister for budget and economic planning, Atiku Bagudu, in Abuja. Overall, the…
Oil Prices Regain Stability after a Hugely Volatile Week Crude oil prices began trading relatively flat on Monday after a hugely volatile week in which both WTI and Brent saw two significant drops before a massive rally on Friday. In morning trade in Asia, Brent crude and West Texas Intermediate were trading at a slight…
NCDMB’s Maintains Excellence Streak, Retains Top Position in Efficiency, Transparency The Nigerian Content Development and Monitoring Board (NCDMB) has continued its streak of excellence in the delivery of its mandate as it has retained its position as the best Federal Agency in transparency and efficiency in business. In the 2023 Half Year Executive Order 001…
SHELL PHOTOSTORY: President Bola Ahmed Tinubu Visits Shell Stand The 29th Nigeria Economic Sumit In Abuja
Oil, Gas Prices Drop as Investors Watch Diplomatic Moves in Israel-Hamas War Oil and natural gas prices fell on Monday as investors continue to watch diplomatic moves to stem the tide of war between Israel and Palestine militia group, Hamas. Hamas recently attacked Israel in a dramatic fashion, firing about 5,000 missiles into the country,…
NNPC Limited’s Bright Business Outlook When the Petroleum Industry Bill was signed into law in July 2021, some of its key objectives were make the NNPC Ltd to operate as a commercial entity and do its business profitably, pay taxes like every other company, and make returns to its shareholders. Furthermore, a time frame was…
Hyperscale Companies, Local Experts Must Collaborate – Schneider Schneider electric is pushing for stronger ties to be formed between hyperscale companies and local expert in bringing technical expertise and investment capabilities in Africa. Hyperscale refers to a computing infrastructure’s ability to rapidly and efficiently scale with demand, especially in data centres and cloud platforms, by…
Terminal Operators have Justification to Raise Charges — Farinto Former Acting National President of the Association of Nigerian Licensed Customs Agents, ANLCA, Dr. Kayode Farinto, has said that rising cost of diesel, declining value of the naira and high rate of inflation, among other factors, justify the need for upward review of terminal operators’ charges….
Gazprom Advocates Natural Gas as Catalyst for Africa’s Development Representing both a low-carbon and widely accessible energy resource, natural gas has emerged as a critical driver of sustainable development in Africa. The continent’s energy security and just transition ambitions can both be met with the monetization of gas, and during the African Energy Week (AEW)…
