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Economy

Market crisis: Players call for pan-industry collaboration on local refining

Sopuruchi Onwuka Players in the Nigerian petroleum industry have restated the need for stakeholders’ collaboration as private investors reinvent the country’s petroleum refining industry after over 40 years of deleterious importation boom that depleted the nation’s foreign exchange reserves, worsened…

Africa to continue hosting oil investments despite climate activism __ Mantashe

Sopuruchi Onwuka Government of South Africa has called on petroleum players across the world to extend their exploration to the nation’s prolific hydrocarbon basins, assuring that Africa still remains relevant to global energy supply despite disruptions from climate activists. In…

Inflation: FG must restore global confidence in economy, Naira __Dickerman

Dangote Refinery can’t tame fuel prices Sopuruchi Onwuka The activation of the highly anticipated Dangote Refinery will not bring any significant price relief to consumers of petroleum products in the country because of the overall inflationary trends that trigger price…

NCDMB, Ghana Commission enter Local Content deal

Urges collaboration among African oil service firms Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) on Wednesday struck collaboration with the Petroleum Commission of Ghana (PCG) on developing and deepening local content regulations in Ghana’s upstream petroleum sector….

Oil leads Nigeria’s N19 trn H1 export income

Sopuruchi Onwuka Growth in Nigeria’s trade surplus jumped by 6.5 percent in the second quarter of the year, propelled by rising crude oil volumes as the Nigerian National Petroleum company (NNPC) Limited posts both increasing revenue and low production losses…

NNPC, CNL migrate JV assets into PIA terms

Target 165,000 bopd by Dec Sopuruchi Onwuka Nigerian National Petroleum Company (NNPC) Limited and Chevron have activated legal and regulatory options to migrate assets operated under existing NNPC/ Chevron Nigeria Limited joint venture to less complicated operating terms provided in…

PIC-FUEL invention wins 2024 NLNG’s Nigeria Prize for Science

Winning work proffers carbon capture and Fuel Production Sopuruchi Onwuka For its pioneering work on “Process Intensification Technology for Greenhouse Emission Control in Power Generation and Industry for Sustainable Fuel Production (PIC-FUEL),” a team of scientists comprising Eni Oko, Olajide…

NLNG’s Train 7 showcases Nigeria’s industrial prowess __Ogbe

Sopuruchi Onwuka Federal government has commended the Nigerian Liquefied Natural Gas (NLNG) Limited and its local contractors on exceeding expectations on local job delivery in the ongoing plant construction and expansion project. The Executive Secretary of the Nigerian Content Development…

Dorothy Tillman: Why Tinubu must remove age limit to youth development

Sopuruchi Onwuka The remarkable achievements of Chicago’s Dorothy Jean Tillman, who recently became the youngest person in the world to earn a Ph.D. at the age of 17, offer a compelling argument for dismantling the various age, religious, and ethnic…

Unilag yanked from grid over unpaid N1.034bn debt __EKEDC

Sopuruchi Onwuka The Eko Electricity Distribution Company (EKEDC) has declared that the University of Lagos was disconnected from its distribution systems due to lingering billion Naira debt. General Manager in charge Corporate Communications and Strategy at Eko Disco, Babatunde Lasaki,…