Skip to content
How ExxonMobil earned $6.3 bn/hour, $153 m/day, $56 bn profit in 2022
Sopuruchi Onwuka By controlling cost and taking full advantage of strong demand and high market prices, American multinational oil firm, ExxonMobil, posted annual profit of $56 billion in 2022. The company’s financial performance in the year translates to average daily…
Cash crunch stalls transactions, fuel breaches as banks
Sopuruchi Onwuka Glitches in the phase out of old currency notes in the Nigerian markets have led to acute cash shortages, transaction failures and worsening hunger across cities; forcing desperate customers to breach security rules as they demand access to…
Fossil to account for 20% of energy mix by 2050
Sopuruchi Onwuka The highly credible BP energy outlook holds that the world will displace some 60 percent of fossil fuels with greener renewable energy in the next 28 years as the prevailing energy transition continues to gather momentum in response…
How WIEN expands African battlefields for gender equity
Sopuruchi Onwuka The global war for gender equity is growing widened battlefields in Africa where female stalwarts are stepping forward with powerful programmes and advocacies that deliver statements on the determination of women and girls to unleash bottled up potentials…
P*ssy graduate: Lawyers set to clash over PolyNek’s investigation (video)
Sopuruchi Onwuka Following the spate of public outrage over the viral video in which a fair complexioned lady claimed she graduated from the Federal Polytechnic, Nekede, with the assistance of God and her sex organ, the ground is now set…
Moody’s gloom rating hits Nigeria’s bonds
The downgrade of Nigeria’s economy by international rating agency, Moody’s, has started taking immediate tolls on the country’s debt instruments in the international money market as the report highlights increasing risks associated with the nation’s gloomy financial system. Moody’s Investors…
Daughter, Sonia, in Hospital as Ekweremadus stand trial
Daughter of former Deputy President of the Senate, Ike Ekweremadu, lay critical in hospital in the United Kingdom as London prosecutors struggle to send her parents to jail. The Senator who is detained in London and his wife who is…
Benin Republic calls Zenith to deal on Sèmè oilfield
Sopuruchi Onwuka, with agency reports Government of Benin Republic has called Zenith Energy come for negotiation on the terms of a production sharing contract (PSC) on the prospective Seme oilfield, just close to the same location Nigerian government is preparing…
Investors hit pre-qualification deadline for Nigerian mini-bid round applications
Sopuruchi Onwuka End of month deadline for investors seeking right of play in the country’s petroleum industry comes to an end today as Nigeria puts some seven exploration blocks on aiction. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) had in…
ADNOC activates $15bn decarbonization with CO2 injection project
Abu Dhabi National Oil Company (ADNOC) has launched the country’s plan to deliver on its Net Zero by 2050 ambition. ADNOC said it has started a CO2 injection well for full capture and sequestration of CO2 into Abu Dhabi’s carbonate…
