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Nigeria targets N350 bn from cashew exports in 2023
Earned N176.4 bn in 2022 Sopuruchi Onwuka Nigeria works on plans to double its cashew nuts export in year, projecting the commodity as one of the leading non oil exports in the government’s economic diversification drive. Export data available at…
Industry captains want broader framework for equity investors in energy
Victor Nze Managing Director and Chief Executive Officer of ND Western, Mr Eberechukwu Orji, has made a call for the expansion of the framework guiding capital market operations to accommodate small and micro level investors into the oil and gas…
WIEN demands full incentives for gas sector investments
Sopuruchi Onwuka Gender diversity group in the Nigerian energy industry, Women in Energy network (WIEN), has called on government to consider well focused policies and incentives that would spur the highly needed investments in realizing the nation’s prime economic aspirations…
Seplat Energy grows Q1 revenue to N152bn
Nigeria’s leading independent energy company, Seplat Energy Plc, has announced its unaudited results for the three months (Q1) ended 31 March 2023, posting a strong financial performance that shows the company’s profit before tax rising by 3.2 per cent to…
Oando, LAMATA deliver electric mass transit buses
Oando Clean Energy Limited (OCEL) has declared delivery of the electric buses to pioneer low emission and sustainable energy transportation in Lagos State. General Manager in charge of Business Support Group at Oando, Alero Balogun, stated in a media release…
Wabote sells funding, partnership strategy to NDDC
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has advised the Niger Delta Development Commission (NDDC) to enthrone internal management system that would dismantle impediments to private sector funding. Executive Secretary, Engr Simbi Wabote, declared at the NDDC…
NNPC, Golar sign FLNG deal
The Nigerian National Petroleum Company (NNPC) Limited has announced a deal with swith Golar LNG of Norway to build a floating liquefied natural gas plant in the country. An agreement was reached on the project and signed by the Group…
Iran seizes Chevron chartered oil tanker
Iranian Navy on Thursday arrested and detained an ocean going tanker chartered by Chevron Corporation and sailing from Kuwait to Houston, United States. According to a story broken by Reuters news service quoting the U.S. Navy, the Marshall Islands-flagged oil…
NIES: Low-Carbon Hydrogen creates path for Just Transition
Germany provides support Sopuruchi Onwuka The German-Nigerian Hydrogen Office has declared commitment to providing advisory for the creation of an enabling framework for low-carbon hydrogen, developing capacity in public and private sector, civil society and academia, as well as offering…
Petroleum industry recognizes excellence at NIES 2023
Shell, TechnoOil, Schlumberger, others bag awards The Shell Petroleum Development Company Nigeria Limited, TechnoOil Group, Schlumberger and other international and indigenous oil and gas companies have emerged winners at 6th edition Nigeria International Energy Summit (NIES 2023) Industry Awards. The…
