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Economic powers declare support for APEC
Representatives of seven nations, including those who walked out of an Asia-Pacific trade ministers meeting in Bangkok to protest Russia’s invasion of Ukraine, said on Sunday they support the organization and host nation Thailand. Representatives of the United States, Australia,…
NNPC to begin AKK pipeline gas delivery by March, 2023
The Board of the Nigerian National Petroleum Company Limited (NNPC) has expressed satisfaction with the progress of work done on the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project and believed that the first Quarter 2023 target for delivering it will be met….
IOC divestment opens new investment opportunities – Wabote
The ongoing disruptions in the international energy industry present a unique opportunity for the Nigerian oil and gas industry to attract new set of investments and serve as one of the leading production hubs to meet global energy needs. The…
Russian war: EU forays Nigeria, OPEC for new oil and gas supply
Sopuruchi Onwuka With the coordinated Western response against the war in Ukraine, diplomats are mounting pressure on key petroleum producing countries to create new channels of supplies to the European countries which traditionally form the biggest customers of Russian oil…
Strong oil prices to accelerate Nigeria’s economic recovery _OPEC
Inflation remains a challenge Sopuruchi Onwuka Nigerian economy which is currently suffering galloping inflation, high unemployment rate and harsh business environment will find relief from anticipated investments in the hydrocarbon industry and improved oil revenue within the year. The Organization…
Chevron wins FIRS tax awards, denies blocking gas to NLNG
Local affiliates of Chevron Corporation in Nigeria, Chevron Nigeria Limited (CNL) and Star Deep Water Petroleum Limited (STAR), have both been honoured by the Federal Inland Revenue Service (FIRS) with top tax compliant organization awards. Corporate spokesman for Nigeria, Mr…
NLNG trains 20 physically-challenged people in Rivers State
20 People Living with Disabilities (PLWDs) in Port Harcourt, Rivers State, have graduated from an empowerment and skills acquisition programme fully sponsored by Nigeria LNG Limited. General Manager in charge of Public Affairs, Mr Andy Odeh, stated that the training…
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…
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…
