Ethanol as a Biofuel: Insights from the MEMAN Competency Centre Series Workshop The recent MEMAN Competency Centre Series Workshop on “Ethanol as a Biofuel,” presented by Agwu Ojowu, Senior Consultant at Africa Practice, showcased the significant potential and advantages of ethanol as a renewable energy source for Nigeria. The workshop emphasized ethanol’s role in meeting…
Chevron Nigeria Limited’s Commitment to Sustainability and Restoration Since 1973, June 5 every year has been celebrated as World Environment Day (“WED”); a day set aside to raise awareness and promote actions to address environmental issues including marine pollution, overpopulation, global warming, sustainable development, wildlife crime, among others. The focus for this year is on…
NETCO Posts 137% Increase in Operating Profit for 2023 The Nigerian National Petroleum Company Limited (NNPC Ltd) subsidiary, NETCO, has reported a significant financial turnaround for the year 2023, showcasing a 137% increase in operating profits. This remarkable performance was shared by Mr. Adedapo Segun, the Chairman of NETCO’s Board of Directors and Executive Vice…
NCDMB Shares Local Content Experiences with Uganda Energy Officials Key officials of the Uganda National Oil Company (UNOC) on Monday began a working visit to the Nigerian Content Development and Monitoring Board (NCDMB), stating that they were here to learn and that their country stands to gain substantially from Nigeria’s experience in local content development….
NGA celebrates 25th Anniversary with over Two Decades of Gas Advocacy The Nigerian Gas Association (NGA), Nigeria’s largest gas-focused umbrella association and the most notable advocacy platform for gas industry is proud to announce its 25th-anniversary. As a chartered member of the International Gas Union (IGU), the NGA has been at the forefront of driving…
All On Urges Policy Reforms to Advance Off-Grid Energy in Nigeria All On, the Shell Impact Investment Company, has released a groundbreaking report advocating for significant policy reforms to bolster Nigeria’s off-grid energy sector. The report, titled the 2024 All Off-Grid Energy Report, highlights the potential of off-grid energy solutions to address the country’s electricity…
SEC Director General to Address Nigeria’s Green Economy and Infrastructure Transformation at Oriental News Nigeria Summit Dr. Emomotimi Agama, the Director General of the Securities and Exchange Commission (SEC), will deliver a keynote address on Nigeria’s green economy and infrastructure transformation at the upcoming 3rd National Conference organized by Oriental News Nigeria. The summit, scheduled…
Chevron Nigeria Limited Demonstrates Ongoing Commitment to Environmental Stewardship. In alignment with World Environment Day’s 2024 theme of “Our land. Our future. We are #GenerationRestoration,” Chevron Nigeria Limited (CNL) reaffirms its dedication to environmental sustainability and restoration efforts. As an operator of the joint venture between the Nigerian National Petroleum Company Limited and CNL, the…
Ukraine Targets Russian Oil Refineries in Border Attacks Donetsk, Ukraine – In a recent escalation, suspected Ukrainian drone strikes targeted oil installations in two Russian regions bordering Ukraine on June 6th. This comes as Russia continues its attacks on Ukrainian civilian infrastructure. Refinery Attack in Novoshakhtinsk: A drone strike ignited a fire at an oil…
Nigeria to Spend Nearly $4 Billion on Fuel Subsidies in 2024 Nigeria is projected to allocate 5.4 trillion naira ($3.7 billion) in 2024—50% more than the previous year—to maintain stable petrol prices. Additionally, the country plans to borrow an extra 6.6 trillion naira to address budgetary deficits, according to a draft document reviewed by Reuters…
