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Abia govt offers partnership, infrastructural incentives to petro-allied investors
Sopuruchi Onwuka Commercial concerns interested in building facilities for production of petroleum and allied chemical products can now explore free land and partnership with the government of Abia State which has offered enhanced localized industrial parks for players in the…
IMT 2.0: HMOs, underwriters and insurtech players unite on insurance Penetration
Insurance industry stakeholders and delegates from over 70 organizations have resolved to forge collaboration in pushing efficient strategies for services penetration in the Nigeria’s financial services sector. The need for collaboration and shared knowledge formed the high light of the…
FG should provide environment for energy diversification investments __Falcon MD
Sopuruchi Onwuka Managing Director of Falcon Corporation, Mr Audrey Joe-Ezigbo, has added a strident voice to the resonating pan-industry demand for enhanced fiscal regimes, operating terms and infrastructural environment to enable the country position strongly in the unfolding energy transition….
Investment impasse: NGA demands PIA review to address urgent challenges
Sopuruchi Onwuka The Nigerian Gas Association (NGA) has called for wide stakeholder engagement and consultation for an immediate and critical review of the Petroleum Industry Act (PIA) to address impediments hindering investment and ease of doing business. The President of…
NCDMB critical to Tinubu’s economic recovery agenda – Lokpobiri
Sopuruchi Onwuka Use of products and services produced in-country is critical to the economic recovery agenda of the present government of President Bola Ahmed Tinubu, according to the Minister of State for Oil, Senator Heineken Lokpobiri. The minister said that…
Affordable, reliable energy key to creating jobs in Africa – Seplat CEO
Affordable and reliable energy provides the right platform for businesses in Africa to create and retain jobs for its fast growing population and further make the Continent sustainable. Access to energy and energy security remains critical for the Continent, and…
Divestment deals will restore oil industry vibrancy __NCDMB
Sopuruchi Onwuka Contrary to fears of job losses and industry activity downsize, Nigerian Content Development and Monitoring Board (NCDMB) has assured that the prevailing transfer of brownfield oil and gas assets from international oil companies to indigenous independent companies will…
NUPRC introduces advanced cargo declaration to tackle oil theft
As part of efforts to curb incessant oil theft in the country, the Nigerian Upstream Regulatory Commission (NUPRC) has introduced Advanced Cargo Declaration regime in upstream petroleum operations to arrest oil robbery and curtail export of stolen crude oil. The…
NDDC, NLNG sign pact to maximise impact of development in Niger-Delta
The Niger Delta Development Commission (NDDC) and Nigeria LNG Limited (NLNG) today signed a Memorandum of Understanding (MoU) to leverage shared aspirations and collaborate on diverse fronts in the delivery of sustainable development projects in the region. At a brief…
African economies to rebound in 2024
Africa’s economic activity will likely slow again this year amid taxing headwinds but is expected to recover in 2024, according to the International Monetary Fund’s latest regional outlook. Growth in sub-Saharan Africa’s gross domestic product is forecast to edge down…
