By EZEKIEL OBI, Abuja – The Minister of Aviation and Aerospace Development, Mr Festus Keyamo, has approved a list of new directors for agencies in the ministry. This is contained in a statement issued on Thursday by the mministry’s Head of Public Relations and Public Affairs, Mr...
BUSINESS
The Federal Government has said the re-streaming the Port-Harcourt Refinery will increase supply of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, and automatically halt importation. The Minister of State, Petroleum Resources (Gas), Ekperikpe Ekpo, said this on Thursday during an inspection of facilities at the...
The Executive Vice-Chairman of the Nigerian Communication Commission (NCC), Dr Aminu Maida, says he will unveil a strategic plan for the telecommunication sector at the end of January 2024. Maida disclosed this when executives of the Nigeria Information Technology Reporters’ Association (NITRA), Abuja chapter, paid him a courtesy...
By BARBARA KALU, Port Harcourt – The Mayor of Housing and the Rivers State government have tabled new reporting approach to focus on huge potentials of the state and attract investments. The Mayor of Housing, Mr My-ACE China, who is regarded as a real estate strategist, spoke before the...
By BARBARA KALU, Port-Harcourt – The Nigerian National Petroleum Company (NNPC) Ltd. has fulfilled its pledge of achieving the mechanical completion of rehabilitation work on Area 5 Plant of the Port Harcourt Refining Company (PHRC). Rehabilitation work has been ongoing at the Refinery for over two years and...
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....
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...