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External Reserves grows to $38.5bn as Tinubu borrows $21bn
Sopuruchi Onwuka Enhanced inflow of foreign exchange from diverse sources has helped raise the Nigerian external reserves to $38.5 billion at the weekend, leading to bearish sentiments at the foreign exchange market where the value of the local Naira has…
Trump, Ursula agree on tariff deal on $1.9 Euro-American trade
Sopuruchi Onwuka The President of European Commission, Ursula von der Leyen, succeeded in pulling President Donald Trump of the United States to best trade deal between the two powerful economic blocs, removing tariff roadblocks and allowing free flow of essential…
Shell declares long term partnership with big project outlay
Sopuruchi Onwuka Multinational oil major, Shell, is pointing at its list of upcoming projects and rising stake in operated ventures to convince its Nigerian stakeholders that it remains in the country for the long term despite predictions that the company…
Nigeria’s laying regulatory model for Africa’s petroleum industry _Komolafe
Sopuruchi Onwuka Governments of petroleum producing countries in Africa may need to adopt the well conceived and robustly developed regulatory templates that are already in operation in Nigeria as the continent works towards harmonized standards and cross border infrastructure build…
NOG Energy Week: Industry leaders endorse NCDMB’s strategies
Sopuruchi Onwuka Players and investors in the Nigerian petroleum industry have roundly given their support to strategies and activities mapped by the Nigerian Content Development and Monitoring Board (NCDMB) for effective implementation of the local content policy in the sector….
Growth Target: Petroleum players demand less distraction from lawmakers
Sopuruchi Onwuka For the petroleum players to assist the present administration of the federal government meet its mandate of increasing the nation’s oil output by a million barrels per day in the immediate term, the lawmakers need to end the…
Gas players demand collaborative ecosystem to unlock Nigeria’s full potential
Sopuruchi Onwuka Top brass of Nigeria’s gas players have called on the government to facilitate evolution of a collaborative ecosystem that makes the operating environment congenial for realization of prime national economic aspirations for the gas industry. Eminent panelists at…
Local Content: NLNG demands domesticated industry technology
Africa’s lead gas exporter, the Nigeria Liquefied Natural Gas (NLNG) Limited, has restated its proposal for evolving custom technology that would enhance the utilization of local goods and services in the Nigerian energy industry. Deputy Managing Director, Olakunle Osobu, who…
NCDMB, Dangote to collaborate on Local Content
The Nigerian Content Development and Monitoring Board (NCDMB) and the Dangote Petroleum Refinery and Petrochemical Company have inaugurated a Joint Technical Committee (JTC) aimed at advancing local content implementation during the operational phase of the 650,000 barrels per day refinery…
Global energy investments indicate shifting demand patterns
Sopuruchi Onwuka The declaration by the International Energy Agency (IEA) that some 67 percent of the $3.3 trillion of global energy investments in 2025 is dedicated to development of clean energy amplifies the staggered but determined move by global institutions…
