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Economy

NCDMB is best MDA in efficiency, transparency

The Nigerian Content Development and Monitoring Board (NCDMB) has emerged the top performer in business efficiency and transparency in Federal Government’s ranking of ministries, departments and agencies (MDAs) for the year 2022. This latest result is reminiscent of the Board’s…

NNPC rescues OML 18 JV from distressed Eroton

Sopuruchi Onwuka The Nigerian National Petroleum Company (NNPC) Limited has declared transfer of operatorship role in its oil and gas exploration and production joint venture with Eroton on Oil Mining Lease (OML) 18. Following the retrieval of the operator role,…

African oil women demand policy, fiscal incentives for gender equity

Policy and fiscal incentives, STEM education for the girl child, career growth opportunities for breeding mothers, and displacement cultural norms with task delivery competence form part of the numerous recommendations that pumped out from the gender and diversity debates at…

New AU chief wants Africa’s debt cancelled

UN’s Scribe demands peace as ACFTA falters Some 339 million Africans in urgent need Sopuruchi Onwuka Some 339 million of Africa’s 1.4 billion population are in acute need of humanitarian aid as tribes are locked in mortal wars and governments…

Europe’s LNG demand jumps 60% TO 121 MMtpa

Rising demand for liquefied natural gas (LNG) in Europe reached 121 million tonnes in 2022, amplifying the growing independence of the industrial continent from Russian gas supplies. European countries, including the UK, imported 121 million tonnes of LNG in 2022,…

GECF makes case for blue hydrogen

By Seyed Mohsen Razavi The energy sector is undergoing a transformation, with a growing focus on cleaner energy sources and technologies that reduce greenhouse gas emissions and contribute to a more sustainable future. In this context, hydrogen is emerging as…

NCDMB offers Nigerian hub for African content incubation

NCDMB offers Nigerian hub for African content incubation Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has invited African manufacturers and petroleum industry players to take advantage of the time tested Nigerian operating environment to understudy, groom and…

Supreme Court advises CBN to ease cash crunch, adjourns to February 22

Sopuruchi Onwuka The Supreme Court on Wednesday reiterated its order for the old N200, N500 and N1000 notes to remain in the nation’s legal tender until the determination of the suit filed by Kaduna, Kogi and Zamfara states challenging the…

WIEN takes gender debate to SAIPEC 2023

Nigeria’s frontline gender right advocacy group, Women in Energy Network (WiEN), will from Wednesday in Lagos begin its arguments on gender inclusivity, equity and capacity optimization at the ongoing Sub-Saharan Africa International Petroleum Conference (SAIPEC). The women rights group hosting…

NLNG reaffirms commitment to Finima Nature Park

Nigeria LNG has reaffirmed its commitment to conserving nature and preserving wetlands at its Finima Nature Park on Bonny Island as part of plans to promote decarbonization and green culture. The company stated this on the back of the Federal…