OIL MARKET: Prices leap toward $90 per barrel on Saudi Arabia supply cut By Eyo Nsima Crude oil prices continued to leap toward $90 per barrel in early August 2023, from about $80 recorded in June 2023, due mainly on account of Saudi Arabia’s supply cut. Specifically, the prices of Brent, OPEC Basket and
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NNPCL, NIPCO plan 35 CNG stations in Nigeria By Eyo Nsima NNPC Limited has signed a partnership agreement with NIPCO Gas Limited to establish modern Compressed Natural Gas, CNG, stations in different parts of Nigeria. NNPCL Group CEO, Mr. Mele Kayri at a press briefing in Abuja said the stations would have the capacity to
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LNG emerges preferred fuel in maritime sector — Report By Eyo Nsima The Liquefied Natural Gas, LNG, has emerged the preferred fuel for the maritime sector between 2023 and 2025, according to LNG Bunkering North American Summit 2023. In its report obtained by The Daily, www.thedaily-ng.com, LNG Bunkering North American Summit 2023, noted that the preference
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NIGER: Pains as Nigeria disconnects supply of 150MW daily By Eyo Nsima There is serious hardship as Nigeria disconnects the supply of 150 megawatts, MW of electricity as part of measures targeted at restoring democracy in Niger, currently under military dictatorship. The electricity, which Nigeriens and other nationals depend on to power their economic and
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MARITIME: Global accident rises by 2.7% to 76 By Our Correspondent Global accidents have risen by 2.7 per cent to 76 in July 2023, from 74 recorded in the corresponding period of 2022. However, the number of fatalities dropped by 113.3 per cent to 15, from 32 recorded during the period under review. FleetMon, which
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MARITIME ACCIDENT: Combination gas tanker disabled off Orkneys By Our Correspondent A combination gas tanker INEOS INTREPID suffered engine failure late Jul 30 north of Orkney Islands, while en route from Rafnes Norway to the USA, according to FleetMon. It stated: “Disabled ship drifted until early morning August 1, 2023, when she was taken on
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NCC, BPSR to Embark on Digitization of Govt Processes For a start, the Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta and the Director-General, Bureau of Public Service Reforms (BPSR), Dr. Dasuki Arabi have penned a Memorandum of Understanding (MoU) to jointly work towards accelerating the digitisation reform process in government. Speaking
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Women’s World Cup: Fearless Nigeria Super Falcons face England in round of 16 Nigeria Super Falcons will have it all to do when they come up against the Three Lionesses of England in the second round of the 2023 FIFA Women’s World Cup in Australia and New Zealand. Nigeria qualified for the round of
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Two rescued alive as helicopter crashes in Lagos By Eyo Nsima Two persons have been rescued alive as an helicopter crashes at Oba Akran, Ikeja, Lagos. The helicopter with registration no 5NCCQ belonging to Airfirst hospitality and Tour Limited crashed near the AP filling station, by UBA branch, causing chaos in the area. .Details coming
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Shell, partners lead in PIA implementation – NUPRC The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has ranked SPDC-operated onshore joint venture as industry leader in the implementation of the Chapter Three of the Petroleum Industry Act (PIA) dealing with host community development. Speaking at the announcement of fund managers for Host Community Trust Funds
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