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Indigenous Oando stepping into major producer roles
Sopuruchi Onwuka Indigenous energy company, Oando Plc, is underway to becoming the first Nigerian indigenous upstream players to totally displace major international partners as operator in the conventional terrains of the Niger Delta. The company declared today that it has…
Nigeria becomes global LNG market laggard
Sopuruchi Onwuka Global supply of liquefied natural gas or LNG jumped by significant 5.0 percent in 2022 as increased flow of supply manly from the United States and Middle East shifted from China to Europe where pipeline gas from Russian…
New Wagner’s Africa chief appointed by Kremlin
A notorious Russian intelligence chief, Gen. Andrey Averyanov, has been appinted to replace Prigozhin in Wagner’s Africa operations, indicating that government of President Vladimir Putin is solidly behind the mercenary warfare to displace French forces in Sahel Africa. Averyanov currently…
Study finds Semaglutide good for weight loss, heart failure symptoms
Semaglutide, the active ingredient in drugs like Wegovy and Ozempic, is also effective at reducing symptoms of heart failure, new research shows. A study published this month in the New England Journal of Medicine followed over 500 patients who were…
France, EU defy Nigerien junta’s quit order
France’s ambassador to Niger is staying put in the West African country in defiance of an ultimatum by its military rulers ordering his exit within 48 hours on Friday. French envoy Sylvain Itte was asked to leave by the junta…
Neurosurgeon plucks a worm eating Australian woman’s brain memory
A neurosurgeon investigating a woman’s mystery symptoms in an Australian hospital says she plucked a wriggling worm supposedly causing memory loss from the patient’s brain. Surgeon Hari Priya Bandi was performing a biopsy through a hole in the 64-year-old patient’s…
GCR affirms Axxela’s issuer ratings at A-(NG) / A2(NG) with a Stable Outlook
Axxela Limited (“Axxela”), one of the leading gas and power companies in Sub-Saharan Africa has announced the reaffirmation of its national scale long-term and short-term issuer ratings at A-(NG) and A2(NG) respectively, with the Outlook revised to Stable by Global…
Nigeria’s 2022 oil production flowed at 1.3 mbd
Sopuruchi Onwuka Nigeria’s average daily petroleum liquids output fell to 20-year low in 2022 when the flow of new investments in the petroleum industry also fell to record lows following disagreements over fiscal terms. According to global industry statistics compiled…
Nigeria’s energy trade charts show internal strategy mess
Sopuruchi Onwuka Nigerian energy trade losses entered a deceleration mode not because the volumes of imports championed by the Nigerian National Petroleum Company (NNPC) Limited reduced, but because the spirited audacity of private local businessmen that risked billions of Naira…
Prigozhin ignored Lukashenko’s warnings to ‘watch out’
‘I will die then, damn it!” Belarusian President Alexander Lukashenko has said he warned Wagner chief Yevgeny Prigozhin twice to watch out for threats to his life. “The first time was when I phoned him and negotiations (were taking) place…
