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Singapore $73 bn to protect every ‘inch of land’ from water
Sopuruchi Onwuka, with agency report One of Asia’s industrial economies, Singapore, is working to save every inch of its land territories from rising sea level amidst rising concerns about climate change and extreme weather which are blamed for flooding of…
UNEP decries surging fossil fuel production amidst global warming
(Katrine Petersen) Governments around the world plan to produce around 110% more fossil fuels in 2030 than would be consistent with limiting warming to 1.5°C, and 69% more than would be consistent with 2°C, the United Nations environmental agency has warned. According to a report by…
FG flaunts free zones to foreign investors
Minister of Industry, Trade and Investment, Doris Uzoka-Anite, has stated that foreign investors seeking space in the country would enjoy the fiscal incentives built into the numerous free trade zones around the country. The minister, according to a Bloomberg report…
Rystad projects 13 GW from African geothermal projects
Sopuruchi Onwuka, with agency reports With significant $35 billion investment outlook by 2050, Africa’s geothermal power projects could deliver some 13 gigawatts of electricity, making the continent the third largest geothermal power generator by 2030. According to Rystad Energy, geothermal…
Decarbonization to lower Nigeria’s electricity cost
Sopuruchi Onwuka Adoption of renewable electricity production technology for sustainable power supply will ultimately cut the cost of electricity in Africa’s biggest economy where renewable power supply is currently unpopular due to high cost of procurement and maintenance. Managing Director…
Nigeria losing Asian crude oil buyers to Russia
Sopuruchi Onwuka Trade sanctions by members of the European Union on Russia after its invasion of neighboring Ukraine has forced the key oil producer to slash prices to court rogue sales mainly from Asia where Nigerian oil grades now begin…
NNPC Foundation targets 200,000 graduates in financial literacy scheme
Sopuruchi Onwuka The NNPC Foundation says t has trained tertiary education graduates in the Batch C of the National Youth Service Corps (NYSC) on financial literacy skills. The Foundaton stated in a media release that the training which was conducted…
WIEN plots full gender capacity across sectors
New President of the Women in Energy Network (WIEN), Mrs Eyono Fatai-Williams, has stated that the group holds an outlook that could capture the full female potential in Nigeria’s full industry loop in boosting economic growth and development. Mrs Eyono…
WIEN commits to sustainable energy, asks for equal opportunity
Foremost women advocacy group in the Nigerian energy sector, the Women In Energy Network (WIEN), has restated its commitment to sustainable energy in line with global movement to arrest the prevailing climate change manifesting in extreme weather conditions. The…
NCDMB tasks indigenous oil firms on governance, policy compliance
The management of Heritage Energy Operational Services Limited (HEOSL) and other indigenous oil and gas companies have been advised to adopt strict corporate governance guidelines in their operations if they want their firms to grow sustainably. The companies were equally…
