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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…
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…
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…
Okowa lauds Heritage Energy on local content policy compliance
Sopuruchi Onwuka American international oil independent, Heritage Energy Operational Services Limited (HEOSL), has earned the commendation of the Delta State government on its high Nigerian Content policy compliance level. Governor Ifeanyi Okowa whose presentation was delivered at the Stakeholders Summit…
NERC lays commercial incentives for power supply improvement
Assures sustainable market for meter producers Sopuruchi Onwuka Federal government has declared plans for sustainable capacity growth in the nation’s electric power sector through performance based incentives for players, especially the distribution companies that would stake significant investments in advancing…
Jonathan, Daukoru laud NCDMB as ERASKON launches factory in Bayelsa
Former President Goodluck Ebele Jonathan and the former Minister of State for Energy and current chairman of Nigeria LNG Board, King Edmund Daukoru have applauded the Nigerian Content Development and Monitoring Board (NCDMB) for the effective implementation of the Nigerian…
NCDMB leads search for new financing for Africa’s oil industry
Sopuruchi Onwuka Key stakeholders in the African petroleum industry are exploring a combination of reinvestment funds, idle private sector funds, development banks and local credit institutions as new sources of project financing. The scramble for new financing solutions comes in…
Lagos Employment Summit: Apprenticeship, skills lead recovery pathways
Sopuruchi Onwuka Traditional apprenticeship and set-up packages as currently practiced in business clusters in Nigeria can become plausible strategies in addressing high failure rate among millions of small businesses that create over 80 percent of employment in the country. The…
Renewvia feeds 10,000 people with renewable electricity
Renewvia Solar Nigeria Limited, a subsidiary of Renewvia Energy Corporation, has declared that it has connected nearly 2,000 households in five Niger Delta communities to solar-powered rural electrification minigrids, serving over 6,000 people. The company added that it has also…
