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PIC-FUEL invention wins 2024 NLNG’s Nigeria Prize for Science

Winning work proffers carbon capture and Fuel Production Sopuruchi Onwuka For its pioneering work on “Process Intensification Technology for Greenhouse Emission Control in Power Generation and Industry for Sustainable Fuel Production (PIC-FUEL),” a team of scientists comprising Eni Oko, Olajide…

“We don’t fix prices for Dangote refinery,” NNPC replies MURIC

Sopuruchi Onwuka The Nigerian National Petroleum Company (NNPC) Limited has declared that it currently as commercial player in a domestic fuel market that is currently undergoing commercial deregulation and is not in position determine prices for private refiners in the…

NLNG’s Train 7 showcases Nigeria’s industrial prowess __Ogbe

Sopuruchi Onwuka Federal government has commended the Nigerian Liquefied Natural Gas (NLNG) Limited and its local contractors on exceeding expectations on local job delivery in the ongoing plant construction and expansion project. The Executive Secretary of the Nigerian Content Development…

Johns Hopkins Lecture: Mainland Oil lays model for businesses in Nigeria

School lauds Dr Igwe on organic business growth The School of Advanced International Studies (SAIS) at the Johns Hopkins University, Baltimore, United States, has commended the Executive Chairman of Mainland Oil and Gas Limited, Dr Chris Igwe, on providing the…

Petrol price about to jump as NNPC signals supply fatigue

Sopuruchi Onwuka Motorists and sundry consumers of the premium motor spirit in the country must brace for price jump ahead of possible full commercial deregulation of the product which rules the pace of inflation in the country. Domestic fuel market…

Industrial sector grows 1.34% percent to 3.53% in Q2

Sopuruchi Onwuka The Industrial sector of the Nigerian economy grew by 1.34 percent from the first quarter of the year to Second quarter, indicating a positive trend that that is yet to be felt in the markets where inflation continues…

NSML’s training centre accredited for UK MCA courses.

Sopuruchi Onwuka NLNG Shipping and Marine Services Limited’s (NSML’s) Maritime Centre of Excellence (MCOE) has become Africa’s first to receive the highly desired accreditation from the UK Maritime and Coastguard Agency (UK MCA). This historic achievement allows the MCOE to…

Offshore petroleum players to spend over $250bn on 2025

Sopuruchi Onwuka Logistics and oilfield services providers in the global offshore energy operations have cheery news as operators’ investment in the terrain will continue to grow by annual 5 percent; reaching a stunning $250 billion next year. According to advisory…

Unilag yanked from grid over unpaid N1.034bn debt __EKEDC

Sopuruchi Onwuka The Eko Electricity Distribution Company (EKEDC) has declared that the University of Lagos was disconnected from its distribution systems due to lingering billion Naira debt. General Manager in charge Corporate Communications and Strategy at Eko Disco, Babatunde Lasaki,…

Business Economy Energy Power

AMCON to auction non viable IBEDC to new investors

Sopuruchi Onwuka The Assets Management Corporation of Nigeria (AMCON) has declared intention to auction off the Ibadan Electricity Distribution Company (IBEDC) to a new set of investor to make its operations more viable. AMCON had in January 2022 taken the…