June 17, 2024

Author name: Godswill Odiong

Access Bank Consolidates Operations in East Africa, Completes Acquisition of BancABC Tanzania

Access Bank PLC (“the Bank”) has announced the successful completion of its acquisition of African Banking Corporation (Tanzania) Limited (“BancABC Tanzania” or “BancABC”), in line with its strategic expansion goals. This milestone follows the Bank’s initial announcement in July 2023 and marks yet another step in its journey to become the world’s most respected African […]

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SPE calls for collaborative efforts in addressing Nigeria’s energy sector challenges

The Society of Petroleum Engineers (SPE), Nigerian Council, has called for collaborative efforts in addressing the challenges and opportunities facing Nigeria’s energy sector. In a compelling address at the opening ceremony of the 2024 edition of Oloibiri Lecture Series and Energy Forum (OLEF), the Chairman of the Society of Petroleum Engineers (SPE), Nigerian Council, Salahuddeen

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PETAN Resolves to Support Nigeria’s Oil and Gas Production Growth

…Commits to Strengthening Partnership with NAEC The Petroleum Technology Association of Nigeria (PETAN) has promised to support the efforts of the Bola Tinubu-led administration toward increasing Nigeria’s oil and gas production for maximum value. The Chairman of PETAN, Mr. Wole Ogunsanya, expressed his association’s resolve in Lagos when the representatives of the Association of Energy

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Forging Mozambique’s Future: Overcoming Challenges with Strategic Vision

By Florival Mucave Following the 2024 elections, Mozambique’s incoming administration needs to break away from exploitative capitalism, embrace resilience and leverage natural resources for sustainable development. In the coming weeks, the Mozambican Ruling Frelimo Party will convene the Party Cadres’ Garden to select the next generation of leadership which are set to form the nucleus

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ELECTRICITY: NERC launches power outage reporting app

NERC explains Nigeria’s Electricity Tariff Review

By Eyo Nsima The Nigerian Electricity Regulatory Commission, NERC, has explained issues that culminated in increasing the nation’s electricity tariff. In a statement obtained by The Daily, www.thedaily-ng.com, NERC, stated: “Pursuant to the provisions of the Electricity Act 2023, the Nigerian Electricity Regulatory Commission (“NERC”) is, amongst other objects, mandated to allow a licensee operating

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African Energy Chamber (AEC) Releases Q1 2023 Outlook: The State of African Energy

APPO Secretary General Joins African Energy Week 2024 as African Nations Renew Focus on Oil & Gas

The Secretary General of the African Petroleum Producers Organization (APPO), Omar Farouk Ibrahim, will deliver an address at the African Energy Week (AEW): Invest in African Energy conference – taking place November 4–8 in Cape Town. At AEW: Invest in African Energy, Ibrahim will engage with investors, global players, and African nations to promote investment

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African Energy Chamber (AEC) Releases Q1 2023 Outlook: The State of African Energy

Afentra Expands Presence in Africa, Joins African Energy Week Invest in African Energy 2024

A delegation from Africa-focused oil and gas upstream company Afentra has joined the African Energy Week (AEW): Invest in African Energy 2024 conference – Africa’s premier event for the energy sector – scheduled for November 4 – 8 in Cape Town. The delegation will be led by a team of executives including CEO Paul McDade,

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Sahara Group installs wind turbines at Egbin Power to reduce carbon footprint

Leading energy and infrastructure conglomerate, Sahara Group has moved to prevent annual estimated emission of 35,793,360g of CO2 through the installation of wind turbines at the Egbin Power Plc.  The wind turbines will power critical security and essential services architecture at the Power Plant as Sahara Group continues its quest to promote environmental sustainability in

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Dr. Muda Yusuf

IMPLICATIONS OF THE PROPOSED RECAPITALIZATION OF NIGERIAN BANKS

The purpose of adequate capitalization is to ensure efficiency and stability of the financial system.  Capital adequacy measures the capacity of a bank to meet its financial obligations and absorb any shocks related to losses.  It measures the financial soundness of a bank, ensures the safety of depositors’ funds, deepens financial intermediation and enhances the

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Nigeria Seeks Joint West Africa Regional Protection of Undersea Cables

Following recent undersea cable cuts that challenged connectivities in many countries in the West African region, Nigeria has called for a coordinated and multilateral approach by the region to protect shared telecommunications infrastructure, and diversify connectivity to ensure uninterruptible connections. Executive Vice Chairman of the  Nigerian Communications Commission (NCC), Dr. Aminu Maida, made the submission

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