OIL MARKET: Prices hover at $96.05 per barrel as traders take profit By Our Correspondent The prices of crude oil that had surged toward $100 per barrel has dropped slightly to $96 per barrel in the international market. For instance, the price of Nigeria’s Bonny Light, which stood at $97.17 per barrel, on Wednesday, […]
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Ferry Assists in the Rescue of 6 Migrants Capsized Near Mona Island By Our Correspondent The ferry, “KYDON” responded to an emergency situation and rescued 6 migrants off Mona Island’s Sardinera Beach on Monday, according to FleetMon It stated: “Mona Island, situated in the passage between Puerto Rico and the Dominican Republic, serves as
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Cape Ann FSRU Arrival Sparks Greenpeace Protest in France By Our Correspondent Protesters from Greenpeace attempted to obstruct the arrival of the first Floating Storage and Regasification Unit (FSRU) named “CAPE ANN” at the northern French Port of Le Havre, according to FleetMon. It stated: “The FSRU arrived to commence a five-year contract and
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Africa must address critical factors to fully embrace benefits of Artificial Intelligence PROF. UMAR GARBA DANBATTA I am delighted to stand before you today as we gather at the 11th edition of the Digital Africa Conference and Exhibition. The theme for this year’s event is “Artificial Intelligence and Africa,” which is both timely and
JAILING OF INTERNATIONAL WILDLIFE CRIME KINGPIN A BODY-BLOW TO ILLEGAL TRADE LONDON: Asian illegal wildlife trade kingpin Teo Boon Ching has been sentenced to 18 months in prison by a court in New York for large-scale trafficking of rhinoceros horns. The full scope of his criminal activities was exposed five years ago by the London-based Environmental
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NCC announces Change to Fixed Lines Numbering Format The Nigerian Communications Commission (NCC), in keeping with its responsibilities under the enabling law, the Nigerian Communications Act (NCA) 2003, to manage Nigeria’s numbering resources, has announced a new numbering format for fixed lines. In the process, Nigeria’s Fixed-Lines Numbering Format has changed from eight
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REVENUE: FIRS targets18% GDP to tax ratio in 3 yrs By Eyo Nsima The Federal Inland Revenue Service, FIRS, has increased Nigeria’s tax Gross Domestic Product, GDP, ratio from 6.0 per cent to 10.86 per cent in 2022. Speaking at the sensitization programme of the Lagos Mainland West region of FIRS in Lagos, the Director,
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NNPC/SNEPCo supports special need pupils in five-year partnership with Irede Foundation A partnership between the Nigerian National Petroleum Company Limited, Shell Nigeria Exploration Company Limited (NNPC/SNEPCo) and an NGO, The Irede Foundation has been supporting pupils living with disabilities with prosthetic limbs and training to enable them to acquire education and lead productive lives.
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Driving Mozambique’s Energy Renaissance: Empresa Nacional de Hidrocarbonetos (ENH) Joins AEW 2023 as Bronze Sponsor Mozambique’s sizeable natural gas reserves – measured at 100 trillion cubic feet – represent a breakthrough for the country’s economic and sustainable development. Discoveries made in the hydrocarbon-rich Rovuma and Mozambique basins and associated project developments have positioned the southern
NCDMB’s Support is Causing Us to Think Upgrades, Additional Investments” The Chief Operating Officer of MicCom Cables and Wires, Bukola Adubi, has said that as a result of the support her company is getting from the Nigerian Content Development and Monitoring Board (NCDMB), through its effective and efficient implementation of the Nigerian Oil and Gas
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