Consolidated sanctions on Russia to create greater LNG supply gap
Sopuruchi Onwuka Key buyers of Russian natural gas will come under intense deterrence to switch to other sources as the European Commission and the United States work together on a more stringent choke on rogue market operators. The Oracle Today…
NCDMB’s Ogbe takes seat on APPO board
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe has been appointed into the Executive Board of the African Petroleum Producers’ Organization (APPO). By the appointment, Ogbe becomes Nigeria’s representative on the Board…
UNCTAD wants poorest countries exempted from US reciprocal tariffs
The UN Trade and Development agency (UNCTAD) has urged the US to exempt the world’s poorest and smallest nations from reciprocal tariffs, warning that they could devastate vulnerable economies while only generating minimal revenue for Washington. US President Donald Trump’s…
UK, Nigeria ETI launches Creative Industries Technical Working Group
Sopuruchi Onwuka The United Kingdom and Nigeria have officially launched the Creative Industries Technical Working Group to promote Enhanced Trade and Investment Partnership (ETIP) between businesses in the two countries. According to a statement from the UK High Commission in…
NLNG plants on maintenance not shut down
Sopuruchi Onwuka The Nigeria Liquefied Natural Gas (NLNG) Limited has declared that whereas its processing plants undergo routine maintenance for sustainable operations, it does not entail a total shutdown. The company was responding to a media report report on 12th…
NCDMB to launch 17 firms from technology incubation centre
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has declared that it will today launch new 17 portfolio companies that have passed through the Board’s Technology Incubation and Innovation Centre (TIIC). The local capacity building agency and domestic…
WIEN demands full incentives for gas sector investments
Sopuruchi Onwuka Gender diversity group in the Nigerian energy industry, Women in Energy network (WIEN), has called on government to consider well focused policies and incentives that would spur the highly needed investments in realizing the nation’s prime economic aspirations…
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…
