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Oil demand to slow by 2028 __IEA
New medium-term report by the International Energy Association (IEA) sees oil use for transport going into decline after 2026, but overall consumption is expected to be supported by strong petrochemicals demand. Growth in the world’s demand for oil is set…
Morgan Stanley bursts excitement on Nigerian bonds
Morgan Stanley has dropped its bullish call on Nigeria’s bonds, just as investors were cheering the newly elected president’s overhaul of Africa’s biggest economy, according to Bloomberg. In a note titled “No Longer Pumped,” strategist Neville Mandimika said the bonds…
Scientists see EV battery solution in crustacean shells
Sopuruchi Onwuka, with agency reports Researchers at the University of Maryland in the United States are looking to significantly displace the use of lithium-ion and its environmental impacts in the automobile industry with introducing chitinous zinc for production efficient batteries….
NMDPRA warns oil importers of off-spec products as market liberalizes
Sopuruchi Onwuka The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has warned players in the domestic petroleum market to ensure that the products sold in the local market meet the specifications for vehicles used in the country. Authority Chief…
FG needs $96bn income, $60bn reserves for economic recovery
Sopuruchi Onwuka The new administration if President Bola Tinubu must look beyond oil income to revive the country’s economy which was driven downhill by the past administration of former President Muhammadu Buhari. President Tinubu who has inherited huge official debts…
Deregulation: WIEN endorses market reforms, mobilizes female investors
Aniekan Imeabasi Nigerian female investors and professional s in the energy sector, Women in Energy Network (WIEN), has urged the people to accept the ongoing reforms enunciated by President Bola Ahmed Tinubu’s administration of the federal government as the only…
NCDMB backs confab on local content implementation in insurance industry
Lagos: June 12, 2023; The Nigerian Content Development and Monitoring Board, NCDMB, has accepted to lead discussion at the 2023 National Conference on Building Local Content Synergy between the Insurance Industry and Oil and Gas Sector. Executive Secretary of the…
Goldman Sachs banker accidentally sends sex tape to female colleague
[Agency report] A Goldman Sachs banker left the Wall Street giant after a working-from-home blunder saw him accidentally send a sex tape to a junior female colleague, according to reports. Adam Dell, who has a child with Salmon Rushdie’s ex-wife…
Chioma Afe is Seplat’s new Director of External Affairs and Sustainability
Sopuruchi Onwuka Seplat Energy Plc has announced the appointment of Mrs. Chioma Y. Afe as the Director in charge of External Affairs and Sustainability. Mrs Afe took her seat for the role on June 15, 2023. Chioma is an accomplished…
Deregulation: NGA welcomes revival of Autogas policy
Sopuruchi Onwuka Local players in the Nigerian gas valuechain, The Nigerian Gas Association (NGA), has commended government’s renewed plan to revive the autogas policy and cushion the cost impact of deregulation in the prices petrol in the country. The stated…
