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NCDMB partners Shell, Total on GTC PH upgrade
Nigerian Content Development and Monitoring Board (NCDMB) is collaborating with Shell Petroleum Development Company (SPDC) and Total Energies Ltd to transform Government Technical College (GTC), Port Harcourt, Rivers State into a center of excellence. The target is to use the…
Shell’s 200 kbd Bonga FPSO shuts down for maintenance
Company provides free medical eye care to 2000 Sopuruchi Onwuka Shell Nigeria Exploration and Production Company (SNEPCO) Limited has said its premier deepwater operations facility, the Bonga floating production, storage and offloading (FPSO) vessel will undergo scheduled turn around maintenance…
Nigeria hosts $228bn private wealth, worst growth in Africa
Mauritius, Rwanda lead Africa’s wealth market Sopuruchi Onwuka Despite ranking third for hosting significant $228 billion of Africa’s $2.1 trillion private wealth, Nigeria’s per capita private wealth of $1,100 places it towards the bottom of the overall income table in…
John Kerry warns firms against African gas investments
Africa’s quest for renewed investments in hydrocarbon energy suffered a setback weekend with insistence by the United States that energy transition vigorously pursued by the industrialized nations of the world will start pulling demand from gas in the next eight…
Contract Activation: Geometric Power lays viability template for NESI
Nnaji calls for grid decentralization Sopuruchi Onwuka Activation of contract governed transactions among all players in the gas-to-power programme of the government holds potential to arrest the worsening debt overhang in the sector and also improve all efficiency levels in…
Nigerian Prize for Science now a solution hub _Prof Nnaji
Sopuruchi Onwuka Nigeria’s policy drivers and industry captains should tap into the opportunities provided in the sustained research outcomes from the Nigerian Prize for Science to harness solutions to the country’s socio-economic problems. Chairman of the Advisory Board of the…
Nigeria to earn $40bn of OPEC’s $842 bn export income in 2022
Sopuruchi Onwuka Real income from crude oil exports for Nigeria’s fiscal funding will reach $37 billion by the end of 2022 but there are high chances that the country could muster significant $40 billion in the year, according to projections…
GCR affirms Axxela’s A-(NG)/A2 (NG) issuer rating
Axxela Limited (“Axxela”), one of the leading energy solutions providers in Sub-Saharan Africa, has announced the upward revision by Global Credit Ratings (GCR) of Axxela’s national scale long-term issuer rating of A- from Stable to a Positive Outlook. The upward…
Fuel subsidy: The saga, the façade and the facts
Sopuruchi Onwuka As Nigeria enters political campaign mode in preparation for the 2023 general elections, government’s domestic petrol subsidy has also traditionally surged to new heights despite the highly glorified Petroleum Industry Act (PIA) which ought to have activated deregulation…
NNPC, NUPRC take different routes to oil loss mitigation
Sopuruchi Onwuka The controversy surrounding industrial scale stealing of crude oil from the operations of players in the upstream petroleum industry in Nigeria is receiving separate responses from the industry regulator and national oil company that manage government’s commercial interest…
