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US oil sanctions hit hard on Cuba
Airline refuels halted, citizens cook with coal Sopuruchi Onwuka, with agency reports Cuba is facing a deepening energy crisis that has disrupted aviation, strained public services and intensified economic hardship, as tightened US oil sanctions sharply curtail the island’s access…
NCDMB demands collaboration on African local content policy
Sopuruchi Onwuka The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, FNSE, has emphasized that collaboration remains the most critical factor in achieving effective local content policy implementation across Africa’s energy sector. Speaking…
AfCFTA can push local capacity to continental markets __Ogbe
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Ogbe, has said that effective implementation of the African Continental Free Trade Area (AfCFTA) in the oil and gas industry will be critical to unlocking Africa’s…
Lagos to establish West Africa’s 1st international financial centre
Sopuruchi Onwuka Lagos State is set to establish West Africa’s first International Financial Centre following the launch of a landmark report by TheCityUK in collaboration with the UK Government, the Lagos State Government, the Lagos International Financial Centre Council, and…
NCDMB-ACFTA Summit: Stakeholders demand free movement, harmonized policies
Sopuruchi Onwuka Investors and stakeholders in Africa’s petroleum and allied industries on Monday urged governments across the continent to ease cross-border movement of goods and services to enable businesses fully realize the objectives of the African Continental Free Trade Area…
UN demands Sahel, West African nations to stamp out ISIL affiliates
Sopuruchi Onwuka Sahel and West African countries have been urged to take decisive, coordinated action rooted in the rule of law to eliminate ISIL-affiliated terrorist groups operating within their borders, as the threat posed by the extremist organization continues to…
BHC welcomes 99 Nigerian Chevening and Commonwealth scholars home
Sopuruchi Onwuka The British High Commission (BHC) has announced the return of 99 Nigerian graduates of the Chevening and Commonwealth Scholarship programs who recently completed postgraduate studies in the United Kingdom. Of the returning scholars, 30 were Chevening Scholars, while…
GuarantCo backs $75m cashew processing plant in Ogun to boost local value addition
Sopuruchi Onwuka The British High Commission (BHC) has declared that GuarantCo, part of the Private Infrastructure Development Group (PIDG), provided a 100 per cent guarantee to support a $75 million debt facility for Robust International Pte Ltd to construct a…
UN welcomes talks between Iran and the United States
Ziggy Ojiegbe The United Nations has expressed excitement at efforts at averting potential military clashes among Iran, the United States and other countries in the Middle East as tensions build over Iran’s nuclear programs. The development follows weeks of tensions…
NCDMB pledges enduring support for APPO, Africa Energy Bank
The Nigerian Content Development and Monitoring Board (NCDMB) has reaffirmed its strong support to the African Petroleum Producers Organization (APPO) and its newly established financial institution – the Africa Energy Bank (AEB). The Executive Secretary of NCDMB, Engr. Felix Omatsola…
