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Access Bank stakes $37m in Kenyan Bank
Nigerian commercial bank, Access Bank Plc, is working out transactions that would confer it with controlling stakes in smaller commercial bank operating in Kenya, the Sidian Bank. Access Bank is buying the stake off an investment group, Centum Investments Plc,…
Heirs Holdings, ND Western stand out as Shell closes bid on JV stake
Two indigenous oil companies are expected to proceed with efforts to buy up the 45 percent stake in the oil and gas assets operated by Shell under a joint venture agreement with government and two other companies. The Oracle Today…
Ukraine War: 1.6 bn people plunged into food crisis
Some 1.6 billion people or 20 percent of the world’s 8.0 billion population are severely impacted by the fallouts of the ongoing war ignited by Russia’s invasion of Ukraine. Out of the number, about 1.2 billion people around the globe…
NGSA declares discovery of high grade lithium in Kwara
Kwara State in the western North Central Zone of the country is now in the line to succeed Niger Delta as the country’s foreign exchange income base following the discovery of large deposits of lithium. The Oracle Today reports that…
Lagos ports losing appeal to importers, shippers
Players in the Nigerian maritime sector are pointing at collapsing quayside facilities at the nation’s sea ports located in Apapa Lagos, warning that the situation has compounded the exorbitant charges to drain appeal of shippers to anchor in the country….
EU votes to ban petrol, diesel fired vehicles
Lawmakers in the European Unions have initiated legislation to enforce ban on cars and light vehicles that drive on petroleum liquids and accelerate transition to electric vehicles. The ban is part of key decisions the lawmakers voted in the week…
Ukraine war: NLNG can’t compete for new market space
Sopuruchi Onwuka The new redirection of energy supply flows has become the real prize of the raging war following the barrage of diplomatic and trade sanctions countries in the Western military and economic alliances slammed on Russia in response it…
Oando, LAMATA strike deal to pioneer EV mass transit in Nigeria
Sopuruchi Onwuka Indigenous energy company, Oando, has committed to pioneering mass roll out of electric busses and supporting infrastructure to facilitate Nigeria’s first emission free public transport system. A unit of the company, Oando Clean Energy Limited (OCEL), signed a…
WED 2022: Chevron cuts gas flaring by 95%
Sopuruchi Onwuka American oil multinational, Chevron, has declared full conformity with all standards in operational responsibility and environmental consciousness in it petroleum exploration and production businesses. Local affiliate, Chevron Nigeria Limited (CNL) which operates a joint venture agreement with the…
Buhari, Kyari woo petroleum investors in Spain
The Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kyari has reiterated his commitment to sustain the strategic energy partnership between Nigeria and Spain. Mallam Kyari who is also the Group Managing Director of the…
