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Economy

FG extends deadline for deepwater licensing round

Sopuruchi Onwuka The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has declared extension of bid submissions for the ongoing mini bid round for award of exploration rights in the nation’s deep offshore sedimentary basins. Commission Chief Executive (CCE), Engr Gbenga Komolafe,…

NCDMB grooms women for industry leadership

No fewer than 30 women chief executives are undergoing a six-day Entrepreneurship Training Workshop sponsored by the Nigerian Content Development and Monitoring Board (NCDMB) in Port Harcourt, Rivers State. The training, based on a course content developed by the United…

Snake Island Integrated Free Zone Joins Africa Economic Zones Organisation

Snake Island Integrated Free Zone (SIIFZ), an economic development area in Lagos, has been listed as an active member of the Africa Economic ZonesOrganization (AEZO). AEZO is an association of leading African economic zones and institutions in charge of developing,…

‘Investment impasse, not theft, accounts for oil output fall’

Output decline to continue until NUPRC rises to duty NNPC must yield local tussle for value driven partnerships His voice commands power in the petroleum industry where he has traversed the full activity routes and provided leadership to different professional…

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…