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Tinubu channels subsidy savings to production incentives, social facilities
N800 bn for SME, agric, CNG transport schemes Student loans, minimum wage, infrastructure funds in package Sopuruchi Onwuka President Bola Tinubu has declared that the present administration of the federal government would deploy funds hitherto used in subsidizing domestic price…
NNPC proposes broader collaboration on sustainable energy
Sopuruchi Onwuka The Nigerian National Petroleum Company (NNPC) Limited proposes broad stakeholder collaboration in driving energy sustainability for the country’s development in the face of prevailing energy transition from fossil fuels. Group Chief Executive Officer, Mallam Mele Kyari, also declared…
Gas can lift Africa out of poverty __Farouk Ahmed
Sopuruchi Onwuka Inability of Nigeria and other African countries to harness its huge gas resources into abundant energy is responsible for acute poverty in the continent, the Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA),…
NCDMB enlists judicial support for NOGICD Act
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) is strengthening its partnership with the judicial officers in the country to guarantee realization of the full economic aspirations of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act…
CBN’s forex mishap leaves the Naira rolling downhill __EIU
Sopuruchi Onwuka The hasty moves by the current administration of the federal government to dismantle all support instruments installed by the ousted Governor of the Central bank of Nigeria (CBN), Mr Godwin Emefiele, has pushed the Naira into a helpless…
TotalEnergies acquires Total Eren for €1.5 bn
TotalEnergies has announced full acquisition of Total Eren, its renewable energy partner, and integrating it into its corporate renewables business unit. The €1.5 billion deal entails buying out Total Eren’s other shareholders and increasing TotalEnergies’ stake to 100%. TotalEnergies had…
IFC Partners with South African Banks to Boost Climate Finance
International Finance Corporation (IFC) has declared partnership with the Banking Association South Africa (BASA) to help increase climate finance in the country and pave the way for a transition to a low carbon economy. Under the new agreement, IFC will…
Seplat Energy records N140.6bn gross profit in 2023 H1
Nigerian independent energy company, Seplat Energy Plc, has posted impressive to N278.3 billion in unaudited half year result for the year, adding that gross profit for the period rose to N140.6 billion. According to Seplat which is listed on both…
DSS allows Nnamdi Kanu to meet personal physician
Onwuka Sopuruchi Following the recent the recent court order on the Department of State Security (DSS) to allow him access to preferred medical care, the pro-Biafran leader, Mazi Nnamdi Kanu, has reportedly held consultation with his personal doctors. The meeting…
World Cup: Super Falcons whip Australia 3-2 to top Group B
Second-half goals from Osinachi Ohale and Asisat Oshoala gave Nigeria a stunning 3-2 win over Australia at the Women’s World Cup on Thursday to leave the co-hosts in danger of an early exit. In front of 49,156 fans in Brisbane…
