In a bid to adequately regulate the petroleum industry and promote transparency and accountability, the Department of Petroleum Resources, DPR, has launched Value Monitoring and Benchmarking (VMB) as a tool to exercise oversight and control over output activities. Mr. Mordecai Ladan, the Director of DPR, said in Lagos at the launch that the VMB of…
Eskom has indicated that the risk of nation-wide electricity outages had increased significantly due to a sharp fall in coal stockpiles at five of its power stations. Speaking to Reuters, Eskom spokesman Khulu Phasiwe said that the risk of cuts was not specific to one area but was a national issue. “The risk of load shedding…
The Angolan State Minister for Economic and Social Development, Manuel Nunes Junior, the Chairman and CEO of Total, Patrick Pouyanné, and the Chairman of the Board of Directors of Sonangol, Carlos Saturnino, inaugurated the Kaombo project today, which came on stream in July and is located deep offshore on Block 32, 260 kilometers off the…
Nigeria-based energy firm Sahara Group (SPG) and the Ministry of Energy and Dams agreed to develop infrastructures of the power sector in South Sudan. South Sudan has the lowest per capita electricity consumption in Africa, 1 to 3 kWh. This situation is mainly attributed to the underdeveloped energy infrastructure in the young nation, which has…
The estimated monetary loss in Nigeria’s power sector has risen to N460.3bn in 2018 alone. The data obtained from the Federal Ministry of Power, Works and Housing in Abuja on Friday showed that between January 1 and November 8, 2018, the sector lost N460.253bn. The FMPWH explained that the huge financial loss was due to…
Eland Oil & Gas has announced, through its joint-venture subsidiary Elcrest Exploration and Production Nigeria, that the Honourable Minister of Petroleum Resources has consented to Elcrest’s renewal of its equity participation in Oil Mining Lease 40 (‘OML 40’), for a further 20 years, taking effect on 22 October 2018. The consent is conditional on Elcrest…
As part of its strategic aspirations to drive maximum value from Nigeria’s abundant natural gas resources, the Group Managing Director of Nigerian National Petroleum Corporation, Dr. Mailkanti Kacalla Baru, has said the Federal Government was targeting 10 percent of the world’s market share in traded Liquefied National Gas (LNG). Baru, who stated this at NNPC…
We are passionate about empowering women within Cocoa Life’s communities. This is because we care about these women and because it makes good business sense for us. If we want to ensure a sustainable supply of cocoa for our chocolate brands, it is in everyone’s interests to grow opportunities for women. Women play an essential…
We are expanding the Cocoa Life program to empower at least 500 cocoa farmers and 1000 families in the north region of Brazil, while promoting cocoa agroforestry as a productive way to restore land. As part of this expansion we have launched a new collaboration with The Nature Conservancy (TNC). The north region of Brazil…
Democratic Republic of Congo (DRC) has studied Nigeria’s Social Investment Programme in order to implement same to alleviate poverty in their country. A delegation from Congo, led by the Chief of Staff, Ministry of Social Inclusion DRC, Prof John Mugabushaka, said they requested for a study tour in Nigeria going by the success it achieved…
