OPEC: Saudi Arabia, Iraq, UAE remain top 3 oil producers By Eyo Nsima Saudi Arabia, Iraq and the United Arab Emirates, UAE remain the top three oil-producing members of the Organisation of Petroleum Exporting Countries, OPEC with 9 million barrels per day, bpd, 4.2 million bpd and 2.9 million bpd respectively. In its August 2023 Monthly […]
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NIGER: War could cost Nigeria, ECOWAS not less than $2bn yearly By Dr, Muda Yusuf ECOWAS decision to pressure the military junta in Niger to restore constitutional democracy in that country is a welcome development. Our President, His Excellency Bola Ahmed Tinubu, GCFR being the current chairman of ECOWAS is saddled with enormousleadership responsibility at this crucial
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FDI key to Africa’s gas reserves development– SNEPCo MD African countries must take deliberate steps to attract foreign direct investments (FDI) to harness their vast gas resources given the huge amount of capital required, Managing Director of Shell Nigeria Exploration and Production Company Limited (SNEPCo) Elohor Aiboni, said last week in Lagos at the
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Seplat Energy’s gas revenue grows to $63.7 million year-on-year Seplat Energy Plc, a leading Nigerian independent energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange, has within a year experienced a 10.2 per cent gas revenue, reaching $63.7 million in 6M 2023 (compared to $57.8 million in 6M 2022). This growth is attributed to
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WorldStage Economic Summit 2023 set for National Dialogue on Electricity As stakeholders in the Nigerian economy take stock of the recently signed Nigeria Electricity Act 2023 by President Bola Tinubu with the hope that it will address the multifarious challenges across the electric power sector, the WorldStage Economic Summit (WES) has resolved to host
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Shell, partners revamp flood-ravaged hospital in N’Delta The Shell Petroleum Development Company of Nigeria (SPDC) and its joint venture partners have given a new lease of life to government owned Edagberi Cottage Hospital in Ahoada West Local Government area of Rivers State. The 20-bed hospital was ravaged by flood in 2012 which rendered it
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SERAP sues Tinubu over failure to publish spending details of N400bn fuel subsidy savings Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Bola Ahmed Tinubu over “the failure to publish spending details of about N400bn so far saved as a result of the removal of subsidy on Premium Motor Spirit
NIGER: War not solution to democracy, Senate tells ECOWAS The Senate of the Federal Republic of Nigeria, Saturday, discouraged the Economic Community of West African States, ECOWAS, from going to war against new military government in Niger. The President Bola Tinubu-led ECOWAS had already warned the military to restore democracy or face military intervention
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Chevron Nigeria Limited Onboards Agbonu Ogulagha-Ibe Host Community Development Trust Chevron Nigeria Limited (“CNL”), operator of the joint venture between the Nigerian National Petroleum Company Limited (“NNPCL”) and CNL, (“NNPCL/CNL JV”), has successfully completed an onboarding workshop for members of the Board of Trustees (“BOT”), Management Committee (“MC”) and Advisory Committee (“AC”) of the
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Big 5 Construct Nigeria returns to Lagos connecting 140+ exhibitors with 8,000 construction professionals Nigeria boasts Africa’s largest economy, surpassing $450 billion in GDP. Its thriving construction sector drives GDP growth, fueled by improved economic conditions, higher oil revenues, and significant government investment in infrastructure projects. Big 5 Construct Nigeria, which returns to Lagos and
