The Federal Government on Thursday announced the mechanical completion and flare start off of the Port-Harcourt Refining Company Limited (PHRC). Minister of State Petroleum Resources (Oil), Sen. Heineken Lokpobiri, disclosed this on Thursday in Port Harcourt during a media tour on the refinery which rehabilitation commenced in 2021....
BUSINESS
The Debt Management Office (DMO) has said there was a sharp increase in Nigeria’s total domestic debt stock between December 2022 and June. The DMO in a statement clarifying the country’s domestic debt stock on Thursday, said the inclusion of N22.719 trillion securitised Ways and Means advances is...
The National Bureau of Statistics (NBS), says the average retail price of a litre of petrol increased from N202.48 in November 2022 to N648.93 in November 2023. NBS said this in its Petrol Price Watch for November 2023 released in Abuja on Thursday. It stated that the November...
As the world embarks on a new year, the enthusiasm for in-person events is palpable. After facing limitations and uncertainties, people are eager to reconnect, learn, and celebrate together. This article delves into the evolving landscape of event monetization, offering insights and strategies for individuals and businesses looking...
The Minter of Aviation and Aerospace Development, Mr Festus Keyamo, has said African Aviation and Aerospace University (AAAU) will bridge the gap in research and development within the industry in Africa. Keyamo said this on Wednesday while inspecting facilities at the university in Abuja. He said that...
Nigeria’s total public debt stock hit N87.91 trillion (114.35 billion dollars) as of Sept. 30, according to a statement by the Debt Management Office (DMO) on Wednesday in Abuja. The DMO said that the amount represented the domestic and external debts of the Federal Government, the...
MTN Nigeria Communications Plc, VFD Group Plc, CardinalStone Securities and Chapel Hill Denham were big winners at the just concluded Made of Africa Awards organized by Nigerian Exchange Limited (NGX). The Chief Executive Officer of Nigerian Exchange Limited, Temi Popoola, noted at the event that...
The Federal Government through the Ministry of Petroleum Resources will on Thursday commission the Amal Technology’s production facility for Gas Leak Detection Device and Printed Circuit Board, at Idu, Abuja. The homegrown innovation was initiated by Amal Technologies Limited and supported by the Nigerian Content Development and Monitoring...
By MBAFAN ADE, Abuja – The African Energy Chamber (AEC), has hailed UTM Offshore, the Nigerian National Petroleum Company (NNPC) and Delta State Government on the signing of a groundbreaking shareholders agreement to develop Nigeria’s first Floating Liquefied Natural Gas (FLNG) project. The shareholders agreement was signed on Tuesday...
World leaders have finally agreed that the world must abandon fossil fuels to avoid catastrophic climate change, after 30 years of intense and painful negotiations. This concession was obtained in the face of the outcry caused by the previous draft (https://apo-opa.co/3RNMWyY) which did not explicitly recognise the need to move...
By MBAFAN ADE, Abuja – The Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Ltd., Mr. Mele Kyari, has said that the company will utilise Nigeria’s abundant gas resources to revolutionize the nation’s power and industrial sectors. Kyari disclosed this during a signing ceremony...
Earlier this month, the African energy sector learnt of Simbi Wabote’s replacement from his position as executive secretary of the Nigerian Content Development and Monitoring Board (NCDMB). He was appointed to the position by President Muhammadu Buhari in September 2016. Wabote’s abrupt exodus (which was not explained) has sparked...
By CALLISTUS OFFOR – MTN Nigeria emerged as the winner of the Airship Altitude Awards recently held at the Mobile Leaders Forum in London. The company won the award for its mobile app, ‘myMTN NG,’ a free application designed to simplify the mobile experience of its subscribers. Airship, acknowledged...
By MBAFAN ADE, Abuja – The Federal Government has said it is set to commence the disbursement of loans to the Micro, Small and Medium Enterprises (MSMEs) by January 2024. The Senior Special Assistant to the President on Job Creation and MSMEs, Office of the Vice-President, Mr...
…As TotalEnergies Boss Lauds NNPC Ltd on Reforms The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has signed a Memorandum of Understanding (MoU) with TotalEnergies for the adoption and deployment of a methane detection technology known as Airborne Ultralight Spectrometer for Environmental Application (AUSEA) in all its upstream...
The nation’s bourse rebounded on Monday with market capitalisation gaining N9 billion or 0.02 per cent, closing at N39.621 trillion as against N39.612 trillion recorded on Friday. Also, the All-Share index (ASI) gained 15.68 points or 0.02 per cent to settle at 72, 389.23 as against 72,404.91 recorded...
The newly appointed Board and Management team for the Nigerian National Petroleum Company Ltd (NNPCL) on Monday pledged to produce two million barrels of crude oil on a daily basis from 2024. Chief Pius Akinyelure, Non-Executive Board Chairman of NNPCL, stated this while briefing State House Correspondents shortly after...
Ambassador of Cote d’Ivoire to Nigeria, Mr Kalilou Traore, has said the official trade volume between his country and Nigeria has reached approximately 1.5 billion dollars. Traore made this known in an interview with the News Agency of Nigeria (NAN) on Sunday. This, according to him, is still open...
The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has won this year’s The Whistler Newspaper’s Award for Transparency and Innovation. The Group Chief Executive Officer (GCEO) of the Company, Mr. Mele Kyari received the award from the Executive Governor of Abia State, His Excellency, Alex Otti, on behalf of the...
By BOLAJI ISRAEL – It promises to be a spectacular celebration of extraordinary talent as FirstBank, Nigeria’s premier bank takes centre stage as the lead sponsor of the highly anticipated ‘A Night of Queens’ concert. The all-female showcase of musical and creative talents will take place on Sunday, December...