Skip to content
Tinubu channels subsidy savings to production incentives, social facilities
N800 bn for SME, agric, CNG transport schemes Student loans, minimum wage, infrastructure funds in package Sopuruchi Onwuka President Bola Tinubu has declared that the present administration of the federal government would deploy funds hitherto used in subsidizing domestic price…
NNPC proposes broader collaboration on sustainable energy
Sopuruchi Onwuka The Nigerian National Petroleum Company (NNPC) Limited proposes broad stakeholder collaboration in driving energy sustainability for the country’s development in the face of prevailing energy transition from fossil fuels. Group Chief Executive Officer, Mallam Mele Kyari, also declared…
Gas can lift Africa out of poverty __Farouk Ahmed
Sopuruchi Onwuka Inability of Nigeria and other African countries to harness its huge gas resources into abundant energy is responsible for acute poverty in the continent, the Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA),…
CBN’s forex mishap leaves the Naira rolling downhill __EIU
Sopuruchi Onwuka The hasty moves by the current administration of the federal government to dismantle all support instruments installed by the ousted Governor of the Central bank of Nigeria (CBN), Mr Godwin Emefiele, has pushed the Naira into a helpless…
TotalEnergies acquires Total Eren for €1.5 bn
TotalEnergies has announced full acquisition of Total Eren, its renewable energy partner, and integrating it into its corporate renewables business unit. The €1.5 billion deal entails buying out Total Eren’s other shareholders and increasing TotalEnergies’ stake to 100%. TotalEnergies had…
IFC Partners with South African Banks to Boost Climate Finance
International Finance Corporation (IFC) has declared partnership with the Banking Association South Africa (BASA) to help increase climate finance in the country and pave the way for a transition to a low carbon economy. Under the new agreement, IFC will…
Seplat Energy records N140.6bn gross profit in 2023 H1
Nigerian independent energy company, Seplat Energy Plc, has posted impressive to N278.3 billion in unaudited half year result for the year, adding that gross profit for the period rose to N140.6 billion. According to Seplat which is listed on both…
NCDMB to activate Ondo Oil and Gas Park project
Actual construction of a low-cost manufacturing hub for equipment components and spare parts used in the oil and gas industry will start in Ondo State soonest, according to the Nigerian Content Development and Monitoring Board (NCDMB). Located at Ilaje, Ilaje…
Analyst proffer strategies as Tinubu’s policies push millions into poverty
Sopuruchi Onwuka Hopes of reprieve from the new administration of President Bola Tinubu take deeper dive as his early economic measures trigger inflation, stifle earning opportunities and erode values from existing wealth. Since the new government came into effect on…
NNPC boosts federation account with N123 bln
Sopuruchi Onwuka The Nigerian National Petroleum Company (NNPC) Limited has declared remittance of N123 billion to the federation account, enabling the three tiers of government to share N907.054 billion to meet state obligations to citizens in June. NNPC Chief Financial…
