14m ha of land need restoration in Nigeria, others – Study

A report on the state of the environment and socio-economic conditions in fragile ecosystems reveals the extent of land degradation in dryland Africa and shows how closely it is related to hunger and poverty. The report’s authors make an urgent call for increased investment in land restoration for small-scale farmers. The report was carried out…

Nigeria to raise fresh N50bn green bond

Nigeria to raise fresh N50bn green bond

  Director, Department of Climate Change in the Federal Ministry of Environment, Dr Peter Tarfa (left), with Director General/CEO of the National Biosafety Management Agency (NBMA), Dr. Rufus Ebegba, during a session at the National Council on Environment in Akure, Ondo State Following the successful issuance of its first Sovereign Green Bond, Nigeria has embarked…

Poverty eradication, key to SDGs success

Poverty eradication, key to SDGs success

To successfully deliver on the targets of the Sustainable Development Goals, conscious and strategic efforts must be made by leaders at public and private sectors to systematically address the perennial challenges of extreme poverty. The call was made by the Senior Special Assistant to the President on Sustainable Development Goals, Princess Adejoke Orelope-Adefulire, in her…

WEP, TfC to plant 2,000 trees across Nigeria

WEP, TfC to plant 2,000 trees across Nigeria

Abuja-based not-for-profit organisation, the Women Environmental Programme (WEP), is partnering with Trees for Cities (TfC), a UK charity, to plant 2,000 trees across three northern states of Nigeria, as well as the Federal Capital Territory (FCT). The states include Benue, Katsina and Kano. The planting of the trees began on Thursday, October 25, 2018 and…

NNPC posts N7.15bn trading surplus for June 2018
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NNPC posts N7.15bn trading surplus for June 2018

The Nigerian National Petroleum Corporation (NNPC) says it has made N7.15 billion as trading surplus in the month of June, lower than N18.12 billion made in May. The Corporation disclosed this on its June edition of the Monthly Financial Report made available , on Tuesday in Abuja. “This 35th edition of the report indicated a…

Seplat announces interim financial results for nine months ended 30 September 2018

Seplat Petroleum Development Company Plc (“Seplat” or the “Company”), a leading Nigerian independent oil and gas company listed on both the Nigerian Stock Exchange and London Stock Exchange, today announces its results for the nine months ended 30 September 2018. Commenting on the results Austin Avuru, Seplat’s Chief Executive Officer, said: “Seplat has continued to…

Less than 50% of electricity supplied in Nigeria is monetized – Total CEO

Less than 50% of electricity supplied in Nigeria is monetized – Total CEO

Managing Director of Total Exploration and Production Nigeria Limited, Mr. Nicolas Terraz, has bemoaned the fact that not up to 50% of electricity produced in Nigeria is monetised. Terraz said this at a panel session at the just concluded Nigerian Gas Association (NGA), International Conference and Exhibition in Abuja. He said: “You cannot talk about…

Nigeria to place 2nd after China in global refinery capacity by 2022

Nigeria to place 2nd after China in global refinery capacity by 2022

A new report by GlobalData, a data and analytics company has said that efforts by Nigeria to revive its ailing refineries alongside other upcoming private refinery projects will place the country second in global refining capacity after China. The report said Nigeria is planning a massive refinery expansion to meet growing domestic demand for petroleum…

Union calls for BPE to be excluded from DisCos performance review

Union calls for BPE to be excluded from DisCos performance review

To conduct an unbiased final periodic review of the performance of the privatised electricity Distribution Companies (DisCos), by December 31, 2019, the National Union of Electricity Employees (NUEE), has asked that the Bureau of Public Enterprises (BPE), be excluded from being part of the process. The union, which argued that a player cannot be a…

FG woos Chinese investors to Nigeria’s mining sector
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FG woos Chinese investors to Nigeria’s mining sector

The Minister of Mines and Steel Development, Alhaji Abubakar Bawa Bwari, has said Nigeria is open for business for genuine Chinese investors in the mining sector. The minister said this in his address titled: “Nigeria’s Solid Minerals Sector: A New Haven for investors,” at the recent third Sino-Nigeria Mining roadshow, during the 2018 China Congress…