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NNPC rebuilding corporate culture, shopping partners before future IPO __Ojulari
Sopuruchi Onwuka Nigeran National Petroleum Company (NNPC) Limited has declared that it is currently placing internal reform at the center of its transformation drive, with secondary objectives focused on plugging capacity gaps with private partnerships while exploring low-cost funding. Oracle…
NCDMB pledges support as Esso, LADOL team on shorebase facility
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has reaffirmed its commitment to deepen collaboration with LADOL and Esso Exploration and Production Nigeria Limited (EEPNL) to develop facilities and capabilities that will position Nigeria as a key hub…
Moniepoint acquires controlling stake in Kenyan microfinance bank
Ziggy Ojiegbe Nigerian digital payments firm Moniepoint has acquired a 78% stake in Sumac, a Kenyan microfinance bank, as part of its rapid expansion across Africa’s financial services sector. Over the past five years, Moniepoint has evolved from a technology…
FG in rush for more barrels as oil prices soar
Sopuruchi Onwuka Beyond prevailing pressure on operating companies to rapidly pump more barrels into the market to meet up with revenue aspirations projected in the 2026 fiscal plans, the upstream petroleum industry regulators are in sync to accelerate approval process…
FG authorizes SeaSeis for 3D seismic and gravity data acquisition
Sopuruchi Onwuka Nigeria’s petroleum rights administrator, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has authorized SeaSeis Geophysical Limited to launch off seismic and gravity data acquisition offshore Niger Delta. The seismic campaign hosted in a Petroleum Exploration License (PEL) No….
NUPRC backs high-stakes upstream investment forum at AOW:Energy 2026
Sopuruchi Onwuka The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has endorsed a new investment platform focused on Nigeria’s upstream oil and gas sector, set to take place during AOW:Energy 2026 later this year. Organisers say the Nigerian Upstream Investment Forum…
Trump floats $750bn deal as Europe scrambles for LNG supplies
Sopuruchi Onwuka Tensions in global energy markets are intensifying as the United States moves to secure a major long-term supply arrangement with the European Union, offering a package of deals that could reach $750 billion through 2028. The proposal, which…
South Africa–US relations worsen over G7 summit dispute
As France drops South Africa’s invite to G7 summit Frank Okon Tensions between United States and South Africa have escalated amid a diplomatic dispute linked to the upcoming G7 Leaders’ Summit in France. The strain follows reports that the administration…
Chevron, parties sign deal on E. Guinea’s Aseng gas monetization project
Sopuruchi Onwuka Chevron and its partners have signed key agreements with the government of Equatorial Guinea to advance the Aseng Gas Monetization Project, marking a significant step toward developing the country’s gas resources. The deal, signed by Noble Energy EG…
Fatona urges FG to diversify resources, build resilience amid energy volatility
Sopuruchi Onwuka Nigeria needs to strengthen its ability to withstand shocks in the global energy market by diversifying across oil, gas and mineral resources, according to Layi Fatona, chairman of Renaissance Africa Energy Company Limited. Speaking at the 61st Annual…
