As discourses on finding sustainable solutions for a de-carbonized energy future continue to gain stronger momentum globally, the Group Chief Executive Officer of Nigeria National Petroleum Company Limited, (NNPCL), Mr. Mele Kyari, has canvassed the need for global leaders to support “a just, differentiate transition” for Africa to enable it harness its hydrocarbon resources for […]
As 2024 fast approaches, analysts at investment bank, Morgan Stanley, currently don’t see any sign of headwinds to affect reinsurance pricing for the renewals and into the next year, with capital supply remaining balanced in the sector. A news report from Artemis.bm, an online medium, quotes the investment bank analysts as saying that results seen […]
The International Energy Agency (IEA) has projected that fossil fuels’ share in global energy supply would drop to 73% by 2030 and carbon dioxide emissions peaking by 2025 despite the fact that global oil demand would peak this decade at about 102 million barrels per day (mbd) for two more decades. The agency, in its […]
The European Union (EU) has granted the Nigerian Nuclear Regulatory Authority (NNRA) €1 million for the implementation of an international nuclear safety cooperation project for the safe management of radioactive wastes in Nigeria. A news broadcast by Arise TV quoted the authority’s Director-General, Dr. Yau Usman Idris, as confirming the grant following the confirmation by […]
The Director-General of the International Labour Organization (ILO), Gilbert F. Houngbo, has called for more assistance to debt-distressed developing countries to enable them to continue funding social protection and decent work programmes. Houngbo, in statements delivered at the World Bank/International Monetary Fund (IMF) meeting holding in Marrakech, Morocco, told the World Bank Development Committee that […]
The Chief Executive Officer and Special Representative of the United Nations Secretary-General (UN SRSG) for Sustainable Energy for All (SEforAll), Ms. Damilola Ogunbiyi, has said that G-20 countries should be held accountable for environmental pollution amid ongoing global stakeholders’ collective drive towards zero gas emissions by 2070. Ogunbiyi made this remark late Wednesday while addressing […]
The Nigeria Customs Service, NCS, at Tin-can Island, Lagos, has impounded two containers from India with tramadol and codeine concealment with Duty Paid Value, DPV worth over N550.3 million. The Command also disclosed that two suspected were arrested in connection with the seizure, with the importer offering over $54,330 (N50 million) to be set free […]
The World Bank Group has unveiled plans to fund 1,000 mini solar power projects in Nigeria as part of its support for the nation’s current drive towards transition from fossil-fuel powered energy to climate-friendly green energy alternatives. The President of the bank, Ajay Banga, who made the pledge on Saturday, said that under the first […]
The Niger Delta Development Commission (NDDC) and the Nigeria Liquefied Natural Gas (NLNG) are set to sign a Memorandum of Understanding (MoU) in furtherance of their efforts to drive sustainable development in the Niger Delta region. The NDDC Director, Corporate Affairs, Dr. Ibitoye Abosede, in a statement, quoted the commission’s Managing Director of the NDDC, Dr. […]
Nigeria’s health-tech startup, Remedial Health, has raised $12 million in Series A funding, comprising $8 million equity and $4 million debt. The company disclosed that the fund would be deployed to scale up its operations in Nigeria, facilitate the delivery of targeted financial services and support its beneficiaries in the pharmaceutical sector. Similarly, Remedial Health, […]