MARITIME ACCIDENT: Iranian LPG tanker on fire By Our Correspondent An Iranian LPG tanker has caught fire in the Persian Gulf, off the Iranian coast, according to FleetMon. It stated: “Iranian media on Aug 10 report tanker fire in the Persian Gulf off the Iranian coast, assumedly in the engine room. All 22 crew are […]
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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
NIGER: ECOWAS moves to restore constitutional order By Our Correspondent The Economic Community of West African States, ECOWAS, has directed its force to restore constitutional order in Niger Republic, currently under a military government. The President of ECOWAS, Omar Alieu Touray, disclosed this made while reading the resolution of the organization at the ECOWAS Extraordinary
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South Africa’s Energy Ministry Has His Priorities Right; It’s Time for the World to Respect Them By NJ Ayuk In a televised speech earlier this summer, South Africa’s Minister of Mineral Resources and Energy, Gwede Mantashe, pushed back strongly against environmental groups’ efforts to block oil and gas production in his country. Even before his speech,
NSML Launches Clean Waterways Initiative to Tackle Plastic Pollution NLNG Shipping and Marine Services Limited (NSML) has launched its Clean Waterways Initiative, a programme to raise awareness of the dangers of plastic pollution and to advocate for action to address the issue. Speaking on the initiative, the Chief Executive Officer of NSML, Mr
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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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