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China ends military drills around Taiwan
China has declared conclusion of its military drills around Taiwan, deescalating tension in the regions after the visit of top US Congress official, Ms Nancy Pelosi who defied warnings from the Beijing against according the semi-autonomous neighbor a sovereign recognition….
AGM: Oando shareholders task govt on oil theft, insecurity
Sopuruchi Onwuka Owners of indigenous energy independent firm, Oando Plc, have required the government to explore workable partnerships in addressing the rising incidents of oil theft and facility vandalism in the petroleum industry. Representatives of shareholder blocs who spoke at…
FEC clears BPDL for N1.5 trn Badagry seaport project
Project to create 25,000 jobs Sopuruchi Onwuka The Badagry Port Development Limited (BPDL) has become the preferred government partner in the $2.59 billion or about N1.5 trillion Badagry Deep Seaport development project. The concession for the development of the facility…
NAEC Conference: Sylva, Kyari, Komolafe,Wabote , Others to Brainstorm on Future of Nigeria Oil Industry amid Energy Transition
The Minister of State for Petroleum Resources, Chief Timipre Sylva and the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kyari, would at the Annual International Conference of Association of Energy Correspondents of Nigeria…
Bonny Light Energy And Offshore Limited pledges supply of 60 m liters of Jet-A1
Indigenous fuel trader, Bonny Light Energy And Offshore Limited, has declared commitment to step into the fuel supply crisis rocking the nation’s aviation industry with solutions that guarantee 60 million liters of the product on monthly basis. According to a…
Israeli Iron Dome intercepted 97% of missiles fired by Islamic jihadists
Israeli Defence Forces (IDF) has declared that over 1000 missiles fired at the Jewish state by Islamic jihadists from Gaza in Palestine delivered minimal impact, explaining that most of them missed targets. The Oracle Today reports that Israel’s aerial territories…
Axxela retains “A-” corporate credit rating by Agusto & Co
A leading energy solutions providers in Sub-Saharan Africa, Axxela Limited (Axxela), has retained its “A-” corporate credit rating by Agusto & Co. for the second year running. Following a successful corporate rating report, the rating agency affirmed the “A-” rating…
African Business Roundtable, Afreximbank conclude online masterclass
The African Business Roundtable (ABR) and the African Import-Export Bank (Afreximbank) have rounded off the coordinated Project Preparation Masterclass webinar for businesses in the continent. The masterclass which held last week was designed to bring business projects to fruition. According…
Seplat cleared for $1.6 bn MPNU acquisition
Sopuruchi Onwuka Indigenous energy independent multinational, Seplat Energy Plc, is finally on its way to become a major player in the Nigerian petroleum industry following eventual ministerial approval for the company to proceed with acquisition of a local upstream affiliate…
Nord Stream 1: Russia goads Europe with high gas prices
Sopuruchi Onwuka International prices for natural gas surfs highest levels in the energy market as Europe remains in limbo over its gas supply deals with highly isolated and angry Russia which is strongly asserting its status as a world economic…
