By Ikenna Omeje To further optimize its services and enhance customer experience, Nigeria’s leading Electricity Distribution company, Ikeja Electric Plc (IE), has unveiled its ultra-modern Shomolu Business Unit office located at 132 Ikorodu Road, Lagos. According to a statement by the company, the Board Chairman, Ikeja Electric, Mr. Kola Adesina, while speaking at the launch…
Mrs. Blessing Enakimio is the Chief Operating Officer/Executive Vice Chair of the Strategic Women and Youth Institute (SWYI). In an interview with select journalists, she talks about SWYI plans of hosting a series of workshops at the upcoming Nigeria International Energy Summit (N.I.E.S 2022) taking place in Abuja from February 27th to March 3rd,…
To launch floating dock Daniel Terungwa The Nigerian Maritime Administration and Safety Agency (NIMASA) stated that it generated revenue to the tune of N37,691,630,450.02 (37.69billion) in 2021. This was disclosed by its Director-General, Dr Bashir Jamoh, in a press briefing on the agency’s achievements in 2021 in Lagos. He also revealed that the agency plans…
By Ikenna Omeje The Nigerian National Petroluem Company Ltd has secured a $5bn corporate finance commitment from the African Export Import Bank to fund major investments in Nigeria’s Upstream sector. A statement on Thursday said that the funding commitment is a fallout of the meeting between the Chairman of the Board of Directors and President…
Nigeria LP Gas Association (NLPGA) commends NLNG as it sets out to supply 100% of its LPG production to Nigeria’s domestic market The President and Executive Council of Nigeria LP Gas Association (NLPGA) commends the Board of Directors and management of Nigeria LNG Limited (NLNG) for its recent decision to supply 100% of the company’s…
The CEO roundtable of the upcoming Nigeria International Energy Summit (N.I.E.S 2022) taking place in Abuja from February 27th to March 3rd, 2022, will unfold strategies for a seamless energy transition with the view of ensuring energy security without putting the country’s economy and its huge hydrocarbon resources at risk. The session will kick off…
By Ikenna Omeje Global upstream merger and acquisition (M&A) deals reached $181 billion in 2021, a 70 percent increase over 2020, Rystad Energy research shows. The independent energy research and business intelligence company said that the total deal value for 2021 was the highest in three years and almost reached the highs seen in 2017…
By Ikenna Omeje Asharami Energy, a Sahara Group Upstream company, has exceeded industry target with 2,000,000 man-hours without Lost Time Injury (LTI) over 1085 days. The Chief Operating Officer, Asharami Energy, Henry Menkiti made this disclosure during the company’s Safety Week – an annual event geared towards reinforcing Asharami’s commitment to global occupational safety and…
The Nigerian Content Development and Monitoring Board (NCDMB) and the Nigerian Navy on Wednesday agreed to collaborate closely to enforce the Nigerian Oil and Gas Industry Content Development (NOGICD) Act in maritime operations by curbing the use of non–compliant and non–categorized vessels and intercepting illegal vessels and non–compliant crew members on oil and gas locations….
Daniel Terungwa Leading international mining company Monterey Minerals has signed a letter of intent to purchase a uranium exploration land package consisting of seven properties from a group of private prospectors in the Erongo region. This is according to a statement released on the company’s official website recently. The company said Monterey will acquire an…
