The Nigerian National Petroleum Company Limited (NNPCL) has signed two gas deals covering a floating liquefied natural gas deal and a small-scale LNG deal at the ongoing COP28 in Dubai, United Arab Emirate (UAE) According to the company, the deals were both for Domestic, and International Markets. There is an Agreement on 421 Tonnes Per […]
As anxieties continue to mount over Nigeria’s rising inflation rate associated largely to spiking food prices, economists at the Centre for the Study of the Economies of Africa (CSEA), a leading Afro-focused economic research and consulting firm, have charged the governments to commit more resources to agricultural programmes and adopt other fiscal measures to reduce […]
Aon, a global re/insurance brokerage firm, has announced its partnership with the African Development Bank (AfDB), and Amini, an innovator in space technology and artificial intelligence, to increase crop insurance capacity across Africa, support smallholder farmers’ resilience and accelerate the use of nature positive practices. The partnership is also expected to help in reducing supply […]
Apparently worried by the risks of the plans by the Nigerian National Petroleum Company Limited’s (NNPCL’s) to commence pricing crude supplies against dated Brent crude from next year, oil traders have opposed the proposed pricing regime, especially based on the potential negative implications for their investments in the oil industry. The state-owned company had on […]
…..Proposes N4.5Bn Allocation To Firm In 2024 Fiscal Year The Minister of Steel Development, Shuaibu Audu, has initiated moves to source N35 billion from financial institutions to revive the moribund Ajaokuta Steel Company. Audu, in a statement on the latest funding move by the government issued by the ministry’s Chief Information Officer, Tine-Iulun Maureen, was […]
The National Bureau of Statistics (NBS), has advocated the need for effective collaboration between it, states and local governments to ensure that data production and dissemination mechanisms are comprehensive and reflective of the diverse programmes and activities at federal and subnational levels. The Statistician-General of the Federation and Chief Executive Officer (CEO) of the statistics […]
The Federal Government has hinted that it may be compelled to revoke unutilized licences granted to marginal oil field operators which have remained non-operational since issuance. The Chief Executive Officer, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe told Reuters on Monday that only companies with viable technical and financial backup would get to […]
The Nigerian National Petroleum Company Limited (NNPCL) has indicated its plans to start pricing crude supplies against dated Brent crude effective from 2024. Based on a news report from Bloomberg on Monday, NNPCL plans to change how it prices its crude cargoes starting in January 2024. A company circular mentioned by the news medium outlined […]
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 […]
The Comptroller-General of the Nigeria Customs Service, Adewale Adeniyi, has proposed a strategic collaboration between the revenue generation agency with the country’s armed forces to curb smuggling activities in the country. The Comptroller-General, who mulled the idea when he hosted the Chief of Defence Staff, General Christopher Musa, in what he described as a pivotal […]