MARKET UPDATE: Oil prices leap to over $76 per barrel By Eyo Nsima Many crude prices have risen this morning in the global oil market, due mainly to improved demand and favourable forecasts. For instance, the price of Brent, usually used to benchmark others, rose to $76.18 per barrel, from over $75 per barrel, recorded […]
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OPEC, WAM sign deal on 8th OPEC International Seminar in Vienna By Eyo Nsima The Organisation of the Petroleum Exporting Countries (OPEC) and Emirates News Agency (WAM) have signed an agreement under which WAM will be a media partner for the 8th OPEC International Seminar to be hosted at the Imperial Hofburg Palace in Vienna,
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CLEAN ENERGY: We need to invest $2.8 trillion annually in developing nations — Report By Our Correspondent The International Energy Agency, IEA, and International Finance Corporation, IFC, have disclosed that the world needs to invest $2.8 trillion yearly in order to boost clean energy investment in developing economies. In the report – Scaling Up Private
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SUSTAINABILITY: Port of Brisbane gets $500m loan to advance goals By Our Correspondent The Port of Brisbane, Australia, has agreed to the terms of a sustainability-linked loan for $500 million, which will take effect from June 2023, according to FleetMon. It stated: “A syndicate of 10 banks will be financing this loan, which was negotiated
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MARITIME ACCIDENT: Search begins as Titanic wreck tour submersible lost By Our Correspondent Contacts with deep-dive tour submersible TITAN were lost on June 19, 2023, in North Atlantic, in the TITANIC disaster site area, some 380 nm SE of Newfoundland, according to FleetMon. It stated: “Contacts with deep-dive tour submersible TITAN were lost on Jun
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NCF RAISES AWARENESS ON PLASTIC POLLUTION IN NIGER STATE Understanding the menace of plastic pollution and its negative impacts on the environment and biodiversity, the Nigerian Conservation Foundation (NCF) gathered stakeholders in New Bussa, Niger State to raise awareness on the problems of plastic pollution by commemorating the World Environment Day (WED) 2023 in Niger
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ELECTRICITY: Nigeria’s generation drops 37% to 2,649.9MW By Our Correspondent Electricity generation in Nigeria remained low at 2,649.9 megawatts, MW, grossly inadequate considering the nation’s over 200 million population. The generation dropped by 37 per cent to 2,649.9 megawatts, MW on Wednesday, this week, from 4,207.05 MW recorded the previous day. Checks by The Daily, www.thedaily-ng.com,
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Ecologistics partners Zoetic Global, Tesla Carbon Bank to facilitate growth of African Carbon Market At the FESTAC Africa 2023, Ecologistics Integrated Services announced the company has signed a Memo of Understanding with Zoetic Global and Tesla Carbon Bank, a voluntary carbon credit program, to facilitate the growth of Africa’s carbon market. FESTAC AFRICA is a
MARKET UPDATE: Oil prices remain flat as IEA releases Report .Says World oil markets resetting By Eyo Nsima Oil prices that showed signs of bull last week remained flat Friday morning, due partly to market forces and speculation. Specifically, the prices of Brent, WTI, and OPEC Basket hovered at $75.50, $70.48, and $74.84 per barrel,
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Meet Olu A. Verheijen, Nigeria’s Adviser on Energy By Eyo Nsima President Bola Tinubu has appointed Olu A. Verheijen as his Adviser on Energy. Before her appointment, Olu was an Advisor for the Energy for Growth Hub. She has nearly 20 years’ experience in the gas and renewables sectors across Sub-Saharan Africa, and is currently
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