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Fossil to account for 20% of energy mix by 2050
Sopuruchi Onwuka The highly credible BP energy outlook holds that the world will displace some 60 percent of fossil fuels with greener renewable energy in the next 28 years as the prevailing energy transition continues to gather momentum in response…
How WIEN expands African battlefields for gender equity
Sopuruchi Onwuka The global war for gender equity is growing widened battlefields in Africa where female stalwarts are stepping forward with powerful programmes and advocacies that deliver statements on the determination of women and girls to unleash bottled up potentials…
Moody’s gloom rating hits Nigeria’s bonds
The downgrade of Nigeria’s economy by international rating agency, Moody’s, has started taking immediate tolls on the country’s debt instruments in the international money market as the report highlights increasing risks associated with the nation’s gloomy financial system. Moody’s Investors…
Addax finally acquires Knock Adoon FPSO after protracted lease
Sopuruchi Onwuka Nigerian based independent petroleum exploration and production company, Addax, as finally taken ownership of the main production vessel which has been pumping and processing oil and gs from operated mining license offshore Niger Delta. The acquisition of the…
Moody’s sees Nigeria’s economy rolling downhill
Sopuruchi Onwuka Nigeria’s prevailing fiscal mess will have no short term fix even though there is no imminent risk of default in the nation’s debt instruments, according to the final assessment of the Nigerian economy by international rating agency, Moody’s….
Naira redesign: FG to withdraw N2 trn from circulation
The Central Bank of Nigeria (CBN) has declared that the expected volume of cash that would return to the vaults under the ongoing dumping of old N1000, N500 and N200 notes would breach N2.0 trillion. However, experts say that withdrawal…
Lekki deep sea port promises $360 bn benefits
Sopuruchi Onwuka Cumulative economic benefits of the Lekki deep sea port would topple whopping $360 billion, but players in the nation’s maritime industry fear that meeting the economic target might be stalled by channel occlusions that currently plague existing ports…
Fuel market chaos: Major marketers demand full deregulation
NNPC siphons susbidy funds as prices escalate Sopuruchi Onwuka The group of major petroleum marketers in the country has demanded government to embark on full deregulation of the market, given the weakness of regulators in controlling price surge and subsequent…
Wabote emerges Leadership Local Content Champion of the Year
NCI Fund the most performing funding scheme The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has been selected as the recipient of the Leadership Local Content Champion of the Year Award by…
Fuel scarcity: NMDRA holds consultation with DAPPMAN members
Sopuruchi Onwuka The Nigerian Midstream and Downstream Regulatory Authority (NMDRA) has entered consultation with key investment groups in the Nigerian petroleum products market to explore resolution to the lingering supply impasse. Yesterday, the agency of petroleum ministry held a private…
