Nigeria Customs Boosts Q3 2024 Exports to $937 Million The Nigeria Customs Service (NCS), Lilypond Export Command, has announced a significant increase in export activities for the third quarter of 2024, with a total export value of $937,357,129.90. This figure marks a remarkable 407.05% rise compared to the $184,880,029.35 recorded in Q2 2024. Comptroller Ajibola…
ESG and Regulatory Frameworks Drive Energy Investments in Africa – Seplat CFO Environmental, Social, and Governance (ESG) standards, along with regulatory frameworks in African countries, play a pivotal role in shaping the landscape of oil and gas investments across the continent. These frameworks influence project costs, compliance requirements, and risk profiles, guiding companies in their…
Prof. Ibrahim Gambari to Deliver Keynote at Realnews 12th Anniversary Lecture Realnews Magazine and Publications Limited, the publisher of Realnews Magazine Online, has announced that Prof. Ibrahim Agboola Gambari, former Chief of Staff to President Muhammadu Buhari and Nigeria’s ex-Permanent Representative to the United Nations, will deliver the keynote address at its 12th Anniversary Lecture….
Dangote Advocates for Nigeria as Africa’s Refining Hub, Aims to Save $17 Billion in Imports Nigeria has the potential to become a leading refining hub and save Africa $17 billion annually in petroleum imports, according to Aliko Dangote, Chairman of Dangote Refinery and Petrochemicals. Speaking at the Crude Oil Refinery Owners Association of Nigeria (CORAN)…
NNPC Raises Petrol Prices Amid Market Deregulation The Nigerian National Petroleum Company Limited (NNPCL) has announced a significant increase in the pump price of Premium Motor Spirit (PMS), commonly known as petrol. In Abuja, the price has surged from N897 to N1,030 per liter, while in Lagos, it has risen from N868 to N998 per…
Seplat CEO: Africa’s Vast Gas Reserves Key to Addressing Immediate Challenges Africa’s abundant gas reserves offer a vital opportunity to tackle the continent’s pressing energy challenges, according to Mr. Roger Brown, CEO of Seplat Energy Plc. Speaking at the Africa Oil Week (AOW) Conference and Exhibition in Cape Town, South Africa, Brown emphasized the role…
Federal Government Applauds Savannah Energy’s Investment in Nigeria’s Energy Sector The Federal Government has commended Savannah Energy, a British independent energy company, for its significant contributions to Nigeria’s energy sector. Savannah’s investments, particularly in the domestic gas supply, have been recognized as pivotal to the country’s power generation and economic growth. During a recent visit…
Nigeria at 64 – Chevron Nigeria’s Partnership with Nigeria for socio-economic development As Nigeria celebrates her 64th independence anniversary, Chevron is proud of its partnerships and role in developing its natural resources. In over six decades of operation, Chevron Nigeria has continued to make significant investments in the country that support social and economic development….
Refineries Need a Competitive Regulatory Framework Market: Farouk At the Crude Oil Refinery Owners Association of Nigeria (CORAN) summit held in Lagos, the Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, emphasized the crucial role refineries play in Nigeria’s energy sector. He stressed the importance of a well-structured…
Nigeria’s Refining Potential: Dangote Highlights Emerging Opportunities At the Crude Oil Refinery Owners Association of Nigeria (CORAN) summit in Lagos, Aliko Dangote, represented by Mansur Ahmed, Advisor to the President/CEO of Dangote Industries Limited, emphasized Nigeria’s transformative journey from being a net importer of petroleum products to becoming a key global player in refining and…
