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Dere Otubu tasks Nigeria-India Business Council on power sector investments
Sopuruchi Onwuka The Chairman, Board of Directors of Eko Electricity Distribution Company (EKEDC), Dr. Dere Otubu has called for enhanced collaboration between Nigeria and India in driving advancements in the energy sector. Dr. Otubu who addressed delegated at a meeting…
Ebereonwu canvasses industry-academia collaboration to close skill gaps
Sopuruchi Onwuka Emerging Nigerian petroleum industry policy analyst, Dr Charles Ebereonwu, has called for effective collaboration between the nation’s industrial sector and the academia in order to deepen innovations that propel economic development of the country. Dr Ebereonwu, who currently…
Money market awaits signals as CBN’s MPC holds 1st meeting
Sopuruchi Onwuka Players in the Nigerian financial markets are in full attention as the new administration of the Central Bank of Nigeria (CBN) convenes its first monetary policy committee (MPC) meeting at the end of February to roll out new…
FG welcomes back bureaux de change into forex market
Sopuruchi Onwuka The federal government now allows unofficial foreign-exchange trading back into market in a measure to narrow the gap with the official rate the Naira. And the Economic and Financial Crimes Commission (EFCC) has given the Association of Bureaux…
Corruption, hostile environment hinder US investments in Nigeria
Sopuruchi Onwuka The government of the United States of America has blamed uncongenial business environment and fear of corruption as key hindrances to investment capital flow from the world’s biggest economy into the Africa’s most populous country. The American Secretary…
Axxela joins United Nations Global Compact
Sopuruchi Onwuka Pioneer private sector developer of natural gas distribution pipelines in Nigeria, Axxela Limited (Axxela), declares that it has joined thousands of global corporate operators in promoting sustainability under the United Nations (UN) Global Compact initiative. Axxela is a…
Oil prices climb on strong demand, Middle East crisis
Sopuruchi Onwuka The prices of crude at international commodity exchanges surged on Thursday as the International Energy Agency (IEA) agreed with rival Organization of Petroleum Exporting Countries (OPEC) that global demand for petroleum energy will remain string in the year….
Red Sea ship diversions unsettle vessel charter, bunker markets
* Shell, MOL, others halt all transits Sopuruchi Onwuka Continued Pirate attacks by unyielding Yemeni Houthi rebels on international shipping lines and the deterring airstrikes by the United States and the United Kingdom have made crossing canals and seas in…
India dumps sanction crippled Russia, shops oil supply in M. East
India dumps sanction crippled Russia, shops oil supply in M. East Sopuruchi Onwuka, with agency reports One of the fastest growing economies, India, continues to take its best options to meet its energy needs amidst the global security and trade…
Dorman Long thanks NCDMB, announces diamond celebrations
Sopuruchi Onwuka Local fabrication company, Dorman Long Engineering Limited, is grateful to the Nigerian Content Development and Monitoring Board (NCDMB) for its rapid growth in petroleum industry operations, saying that the Nigerian Content policy enabled its diversification from construction to…
