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Ukraine war: 22m Nigerians, Sahel Africans starving
WFP seeks $777m for 6 month intervention programme Sopuruchi Onwuka Millions of people facing starvation in Sahel Africa and Nigeria will need urgent supply to avert mass undernourishment as the prices for food commodities like grains and vegetable oils reached…
S&P dents Russia’s 105-year credit integrity
Sopuruchi Onwuka International credit rating agency, Standard & Poor’s (S&P) has downgraded Russia’s foreign currency rating to “selective default” signaling increased risks that that the country would likely default on foreign debt for the first time in more than a…
Selai Gas commissions refill station, gets support from NCDMB
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has applauded Selai Gas Station Limited on the commissioning of its 30 metric tons gas refilling plant located at Agege, Lagos State. Speaking at…
NNPC calls for tougher penal deterrents to oil theft
Sopuruchi Onwuka Nigerian National Petroleum Company (NNPC) Limited has called on the government to deploy stronger penal measures against crude oil theft in the country. Group Managing Director, Mallam Mele Kyari, declared that the country has lost over $5 billion…
Germany seizes control of Gazprom unit
Germany will temporarily take control of a unit of Gazprom PJSC in the country as it seeks to safeguard security of gas supply, according to a Bloomberg report. Economy Minister, Robert Habeck, told agency sources that government would limit to…
Prices jump as Europe considers oil sanction against Russian
Saudi Arabia raises prices for customers across the globe, report says Prices of crude oil jumped on Monday rising by as much as 4% after European countries voiced intention to dump Russian oil and Saudi Arabia raised prices for some…
Why OPEC+ stuck to scheduled output for May
Sopuruchi Onwuka With unabated Russian oil exports going rogue and the United States pouring over 180 million barrels of crude into the oil market, a boost in the collective output of the coalition of the Organization of Petroleum Exporting Countries…
Helios partners Sojitz in propelling Axxela
Sopuruchi Onwuka Leading indigenous natural gas provider, Axxela Limited has earned an international partnership deal capable of utilizing imported capital to spread out larger gas supply facilities in Nigeria and West Africa. The company stated that the partnership agreement between…
Eni, FAO commission integrated water schemes in N/E states
Sopuruchi Onwuka Italian oil multinational, Eni, says it has delivered 11 rural water projects in the states of Borno and Yobe, northeast of the country. The integrated water schemes, according to the Italian firm, comprise boreholes, solar power systems, treatment…
Forkliftcenter Group docks W/A unit at Snake Island
Sopuruchi Onwuka Integrated truck and port equipment firm, the Forkliftcenter Group, has established its West African business arm in the Snake Island Integrated Free Zone (SIIFZ) operated by Nigerdock. Chief Marketing officer at Nigerdock, Kevin Johnson-Azuara, declared in a media…
