24.2 C
Lagos
Tuesday, July 5, 2022
African Energy Chamber's Local Content Advisory Committee has held its first meeting, placing local content development at the core of its activities towards the continent's economic recovery. The meeting agreed that with several established markets like Nigeria or Angola and frontier energy markets such as Senegal or Uganda, the oil...
After spending 16 months reviewing data from various the International Oil Companies (IOCs), Kariya Energy Monday announced its readiness to enter into various definitive agreement to acquire upstream and midstream oil and gas assets in African countries. Kariya Energy would pursue profitable small-scale Liquefied Natural Gas (LNG) projects across Africa,...
By Tobiloba Kolawole We couldn’t have forgotten so soon how Ebola, Zika, and Severe Acute Respiratory Syndrome (SARS) viruses have in recent years ravaged the world’s social-economic settings. More than we could ever imagine, with thousands of people dead including many business and institutional deaths, the year 2020 will remain a...
Prices would trend down soon - Buhari appeals for calm CBN Governor, Emefiele expresses hope, blames fiscal measures Inflation rate in Nigeria has spiralled up to hit 13.22% as the end of August, a record that broke a 29-month moving average. The Consumer Price Index (CPI), which measures prices of...
Former Minister of Finance, Ngozi Okonjo-Iweala and Nigeria’s nominee for the position of the Director-General of the World Trade Organisation (WTO) is set to emerge winner of the competitive race to the highly coveted head of the international body. Reuters on Wednesday reported that a key group of WTO ambassadors...
The Presidency says it will require additional fresh external loan of $5.513 billion to finance 2020 budget deficit. In a letter addressed to the House of Representatives to seek approval and read during Thursday's plenary by the Speaker, Rt. Honourable Femi Gbajabiamila, President Muhammadu Buhari appealed that the fresh funds...
African Development Bank has designated representatives from 80 government institutions, civil society organisations and universities for training as experts in developing climate financing proposals. Following a thorough independent selection process, 80 participants were chosen, with approximately 40 from English-speaking countries and 40 from French and Portuguese-speaking countries. The trainees would pass...
An explosion at Gbetiokun, OML 40 oil field operated by the Nigerian Petroleum Development Company (NPDC), on behalf of the NPDC/Elcrest Joint Venture has killed seven people. This was disclosed in a statement by the Nigerian National Petroleum Corporation (NNPC), Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru...
The support base of embattled President of the African Development Bank (AfDB), DR. Akinwunmi Adesina has been strengthened by two top level individuals, Sierra Leone President, Julius Maada Bio and Harold Doley, the first United States representative to the AfDB. They are the latest joining in with their voice. In...
The Central Bank of Nigeria says it will now sanction banks involved in delaying disbursement of Anchor Borrower’s Program funds to farmers. The apex bank gave the threat when the Director of Development Finance, Mr. Yusuf Yila spoke at a stakeholders’ meeting involving Anchor, Processors, Commodity Associations and Banks. Yila disclosed...