Forest Capital acquires Kayvee Microfinance Bank
Sopuruchi Onwuka Forest Capital has announced acquisition of Kayvee Microfinace Bank, saying it is a strategic move to broaden its influence into greater social and business spheres. Forest Capital is the investment subsidiary of Farmforte limited, a valuechain development company…
NNPC aligns with Nipco on autogas promotion
Sopuruchi Onwuka The Nigerian National Petroleum Corporation (NNPC) is to align with Nipco Plc in promoting use of compressed natural gas for automobile application and also deepen government’s transportation fuel diversification in the country. The corporation declared intention to work…
NCDMB generates 30,000 jobs from Ikike field development
…Revamps technical college as TotalEnergies loads out AMD 2 Module Sopuruchi Onwuka Federal government has declared generation of significant 30, 000 jobs from the first phase of activities for the development of the Ikike oilfield, offshore Niger Delta. The Nigerian…
NNPC Records ₦43.57bn Trading Surplus in April
The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of ₦43.57bn in April 2021 representing a 23.64% increase over the ₦35.24bn surplus it recorded in the previous month of March 2021. This is contained in the April 2021…
Barkindo presents Iran’s OPEC status to Raisi
Sopuruchi Onwuka The Organization of Petroleum Exporting Countries (OPEC) has congratulated the new President of the Islamic Republic of Iran, Ebrahim Raisi, on his electoral victory and assumption of the country’s political leadership. The group which controls supply forces in…
WHO declares post COVID-19 syndrome a health concern
Sopuruchi Onwuka, with agency reports World Health Organization (WHO) has advised people who suffered the novel coronavirus disease or COVID-19 to seek further medical attention if symptoms persisted after the acute phase of the sickness. Covid-19 technical lead at WHO,…
OPEC demands inclusive debate on climate change
Sopuruchi Onwuka Developed economies of the world must balance out the demands for climate remediation with the economic development goals of developing countries in order to activate implementation of the popular Paris Agreement with “with a unified and powerful voice.”…
TotalEnergies to cut oil production to 20% by 2050
…Committed to a lasting partnership with Nigeria Sopuruchi Onwuka French multinational supermajor, Total, had declared that it is on irreversible course to low carbon energy production, with target to persistently cut its oil and natural gas liquids production to about…
Seplat consolidates asset performance records with new wells, pipeline
Sopuruchi Onwuka Multinational energy independent with operational base in Nigeria, Seplat Energy Plc, is solidifying its reputation on asset performance, adding new production well in first part of the years and working to commission new evacuation pipeline by seconds half….
NNPC to roll out new policy on asset divestments
Sopuruchi Onwuka Federal government will no longer allow its divesting partners to unilaterally select their successors or determine roles in the operations of production agreements for the new investors. Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam…
