Author name: Alison Godswill

Dangote Refinery will generate $21billion, to employ over 100,000 youths

Dangote Refinery will generate $21billion, to employ over 100,000 youths

Dangote Refinery will generate $21billion, to employ over 100,000 youths   Amid encomium from eminent personalities, which included President Mohammadu Buhari and five other African heads of state, President of the pan-African Conglomerate, Dangote Industries Limited (DIL), Aliko Dangote disclosed yesterday that the newly commissioned 650,000pbd refinery would employ over 100,000 Nigerians youths as well […]

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Buhari, five African Presidents to commission Dangote Petroleum Refinery (today)

Buhari, five African Presidents to commission Dangote Petroleum Refinery (today)

Buhari, five African Presidents to commission Dangote Petroleum Refinery (today)   In an epoch-making event that will positively transform Nigeria’s oil and gas sectoral landscape, President Muhammadu Buhari will today commission Dangote Petroleum Refinery & Petrochemicals, the world’s largest single train refinery in Ibeju-Lekki, Lagos; alongside his counterparts from Ghana, Togo, Senegal, Niger, and Chad.   Promoted by Africa’s richest man, Aliko

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Over $50bn Oil Industry Projects Unveiled at NOGOF- Wabote

Over $50bn Oil Industry Projects Unveiled at NOGOF- Wabote

Over $50bn Oil Industry Projects Unveiled at NOGOF- Wabote     Oil and gas opportunities valued over $50bn and projected to be developed within five years were showcased by international and indigenous companies at the 2023 Nigerian Oil and Gas Opportunity Fair (NOGOF) which ended on Friday at the conference hall of the Nigerian Content

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Failed Abuja CCTV project: Court orders Buhari govt to account for $460m Chinese loan

Failed Abuja CCTV project: Court orders Buhari govt to account for $460m Chinese loan

Failed Abuja CCTV project: Court orders Buhari govt to account for $460m Chinese loan   A Federal High Court in Abuja last week ordered the government of President Muhammadu Buhari to “account for the spending of $460 million Chinese loan to fund the failed Abuja Closed-Circuit Television (CCTV) project.”   The Court also ordered the government

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How to Invest, Deepen Local Content in Nigeria’s Oil & Gas Industry

How to Invest, Deepen Local Content in Nigeria’s Oil & Gas Industry

How to Invest, Deepen Local Content in Nigeria’s Oil & Gas Industry By Simbi Wabote   Ladies and Gentlemen, you are all welcome to the 4th Edition of the Nigerian Oil & Gas Opportunity Fair (NOGOF), which is a biennial event. I am excited to be here with you physically again in our own conference centre

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Construction of Ondo Oil and Gas Park to start, NCDMB assures Govt, Investors 

NCDMB woos investors to stake resources in gas sector

NCDMB woos investors to stake resources in gas sector By Eyo Nsima The Nigerian Content Development and Monitoring Board, NCDMD has tasked local and foreign investors to invest in the gas sector. The executive secretary, NCDMB, Simbi Wabote, who disclosed this at the ongoing 2023 Nigerian Oil & Gas Opportunity Fair (NOGOF), in Bayelsa state, said:

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First Bank cautions customers against fraudsters

First Bank cautions customers against fraudsters

First Bank cautions customers against fraudsters .Moves to tackle service degradation By Eyo Nsima First Bank of Nigeria Limited (FirstBank), the premier bank in West Africa, has cautioned customers against fraudsters as it battles to tackle service degradation. In its Notice obtained by The Daily, www.thedaily-ng.com, the Bank, stated: “We are experiencing service degradation on

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OIL MARKET: Saudi Arabia, Russia, Iraq to produce 38.9% of OPEC+ over 40 mb/d in 2024 

OPEC puts world economic growth at 2.6% for 2023

OPEC puts world economic growth at 2.6% for 2023 By Eyo Nsima The Organisation of Petroleum Exporting Countries, OPEC, has estimated the 2023 economic growth at 2.6 per cent. In its May 2023 Monthly Oil Market Report, MOMR, obtained by The Daily, www.thedaily-ng.com, the organization, stated: “World economic growth is estimated at 3.3% for 2022 and

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MARITIME ACCIDENT: Container ship SHILING in trouble again

MARITIME ACCIDENT: Container ship SHILING in trouble again

MARITIME ACCIDENT: Container ship SHILING in trouble again By Our Correspondent Container ship SHILING in trouble again, still in New Zealand waters – the ship issued distress signal at 0827 LT (UTC +12) on May 12, 2023, according to FleetMon. It stated: “SHILING was disabled and started to drift in NE direction, in rough weather

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AJERAP forecasts oil prices at $70 - $90, presents Outlook August 8, 2024

Nigeria’s oil output drops 23% to 999,999 bpd as Angola becomes Africa’s highest producer

Nigeria’s oil output drops 23% to 999,999 bpd as Angola becomes Africa’s highest producer By Eyo Nsima Nigeria’s oil output dropped 23 per cent to 999,999 barrels per day, bpd, in April 2023, from 1.3 million bpd in the preceding month of May 2023. The nation’s oil output rose to 1.3 million bpd in February

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