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NLNG renews partners with Rivers govt on healthcare, infrastructural devpt
Nigeria LNG Limited (NLNG) and the Rivers State Government have renewed their commitment to developing healthcare and infrastructure in the State. During a courtesy visit to the Executive Governor of Rivers State, Sir Siminalayi Fubara, NLNG’s Executive Management, Dr. Philip…
Morgan Stanley bursts excitement on Nigerian bonds
Morgan Stanley has dropped its bullish call on Nigeria’s bonds, just as investors were cheering the newly elected president’s overhaul of Africa’s biggest economy, according to Bloomberg. In a note titled “No Longer Pumped,” strategist Neville Mandimika said the bonds…
FG needs $96bn income, $60bn reserves for economic recovery
Sopuruchi Onwuka The new administration if President Bola Tinubu must look beyond oil income to revive the country’s economy which was driven downhill by the past administration of former President Muhammadu Buhari. President Tinubu who has inherited huge official debts…
Deregulation: WIEN endorses market reforms, mobilizes female investors
Aniekan Imeabasi Nigerian female investors and professional s in the energy sector, Women in Energy Network (WIEN), has urged the people to accept the ongoing reforms enunciated by President Bola Ahmed Tinubu’s administration of the federal government as the only…
NCDMB backs confab on local content implementation in insurance industry
Lagos: June 12, 2023; The Nigerian Content Development and Monitoring Board, NCDMB, has accepted to lead discussion at the 2023 National Conference on Building Local Content Synergy between the Insurance Industry and Oil and Gas Sector. Executive Secretary of the…
Chioma Afe is Seplat’s new Director of External Affairs and Sustainability
Sopuruchi Onwuka Seplat Energy Plc has announced the appointment of Mrs. Chioma Y. Afe as the Director in charge of External Affairs and Sustainability. Mrs Afe took her seat for the role on June 15, 2023. Chioma is an accomplished…
Deregulation: NGA welcomes revival of Autogas policy
Sopuruchi Onwuka Local players in the Nigerian gas valuechain, The Nigerian Gas Association (NGA), has commended government’s renewed plan to revive the autogas policy and cushion the cost impact of deregulation in the prices petrol in the country. The stated…
Rungas, NCDMB partner in 3 m/yr gas cylinder production
Sopuruchi Onwuka Indigenous gas cylinder producer, Rungas, will in next 18 months scale up output to over 3.0 million type 3 composite cylinders per annum. General Manager, Tarilate Iyabi, who spoke with The Oracle Today in Yenegoa, Bayelsa State, stated…
Fuel crisis: Signals the market is still under capture
Sopuruchi Onwuka The prevailing spar between the organized labour and the new government of President Bola Tinubu over the controversial increase in fuel prices tend to conceal a critical distortion in the market, shifting attention from market liberalization to insidious…
Fuel price hike: confusion overtakes stakeholders
Market still not deregulated despite price increase State monopoly still rules supplies Regulator disabled Sopuruchi Onwuka The arbitrary increase of petrol prices announced by the Nigerian National Petroleum Company (NNPC) Limited Wednesday morning is definitely a total deviation from the…
