No Need for Captive Power Plants in Aba Anymore, Says Aba Power MD It no longer makes economic sense for any manufacturing company to set up a power plant to provide electricity for its operations in Aba and its environs in Abia State, according to the Aba Power Managing Director, Ugo Opiegbe. In a […]
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Dangote partners Honeywell International to boost Refinery capacity to 1.4m bpd Dangote Group is pleased to announce that it has entered a strategic partnership with Honeywell International Inc to support the next phase of expansion of the Dangote Petroleum Refinery. This collaboration will provide advanced technology and services that will enable the refinery to
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Renaissance takes energy security advocacy to Ibadan varsity Renaissance Africa Energy Company Limited has taken its energy security and industrialisation advocacy to the University of Ibadan with a commitment to education, youth empowerment, and community development. Speaking on Friday at the university’s alumni homecoming event, Managing Director and Chief Executive Officer of Renaissance, Tony
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NNPC Limited Declares ₦5.4 Trillion Profit After Tax … As Ojulari Pledges Strategic Investments to Sustain Growth NNPC Limited has announced its financial performance for the full year ended 2024, reporting a Profit After Tax of ₦5.4 trillion on revenue of ₦45.1 trillion. The results, shared during its earnings call with analysts, underscore a year
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NUPRC Announces 2025 Licensing Round The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the commencement of the 2025 Licensing Round effective December 1, 2025. The Commission Chief Executive (CCE) of the NUPRC, Engineer GbengaKomolafe, made the announcement at the NUPRC’s Project 1MMBOPD Additional Production Investment Forum in London on Tuesday, November 11, 2025. Engineer
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Renaissance CEO urges operational efficiency, talent upskilling at NAPE conference Renaissance Africa Energy Company Limited has called for an urgent overhaul of operational efficiency and accelerated upskilling of Nigeria’s youthful energy workforce to unlock the country’s competitive advantage in the global energy market. Speaking at the 43rd annual international conference of the Nigerian Association of
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Driving Africa’s Low-Carbon Future: Dangote Cement commits to 100% CNG Fleet … targets 29% emissions cut, invests ₦12.4B in Community Development in 2024 As part of its bold moves aimed at reducing greenhouse gas emissions and improving energy security, Africa’s leading cement manufacturer, Dangote Cement Plc has disclosed it has so far co-processed over 1.5
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SPACES FOR CHANGE CONGRATULATES NIGERIA FOR EXITING FATF’S GREY LIST Spaces for Change | S4C heartily congratulates the Federal Republic of Nigeria as it exits the Financial Action Task Force (FATF) grey list. This milestone was announced at the FATF plenary session held in Paris, France, in October 2025, where Nigeria was delisted from
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Family Wealth Conference promotes generational wealth preservation, succession planning in Africa The inaugural Family Wealth Conference held recently in Lagos, concluded with a powerful message to African business leaders and families: proactive succession planning and strong legacy preservation are critical to the continent’s economic future. Organized by NewsDirect media group, the event brought together a
NNPC Limited’s profit after tax decreases by 149.54% to N216bn By Eyo Nsima The NNPC Limited’s profit after tax has dropped to N216 billion in September 2025, compared to N539 billion in August 2025, showing a decrease of 59.93 per cent The company’s revenue also dropped by 8.39 per cent to N4.26 trillion in September
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