By Eyo Nsima The Organisation of Petroleum Exporting Countries, OPEC and its allies, widely known as OPEC+, have resolved to retain the present two million barrels per day, bpd, production quota. The decision was taken at the 34th OPEC and non-OPEC Ministerial Meeting, which took place by videoconference on Sunday, December 4, 2022. In a […]
OPEC+ retain 2m bpd oil production quota Read More »
By Eyo Nsima Nigeria’s quest for self-sufficiency in the refining of petroleum products, especially Premium Motor Spirit (PMS), is bearing fruit as AIPCC Energy is putting infrastructure in place to refine 50,000 barrels per day (bpd) of crude oil by 2024. The Chairman, AIPCC Energy Limited, Mr Micheal Akemere Osime made this known on Thursday
AIPCC Energy to refine 50,000 bpd by 2024 Read More »
The Minister of Mines and Hydrocarbons of Equatorial Guinea, Gabriel Mbaga Obiang Lima, will take over as the President of the Organization of Petroleum Exporting Countries (OPEC) in 2023, reestablishing Africa as a leading powerhouse in the global oil industry. Among the largest producers of oil in Africa, Equatorial Guinea has seen exponential GDP growth
Equatorial Guinea Assumes OPEC Presidency in 2023 Read More »
The Lagos Chamber is gravely concerned about the recent downgrades of Nigeria’s Sovereign Risk profile by three leading global default risk rating agencies. Fitch downgraded Nigeria’s long-term foreign currency debt Issuer Default Rating (IDR) from ‘B’ to ‘B-, few notches above a junk status, following Moody’s lead in downgrading Nigeria’s risk outlook, and Standard and
LCCI Statement on Downgrades of Nigeria’s Sovereign Risk Profile Read More »
The unrelenting attacks on power infrastructure by economic saboteurs leading to inability of Nigerians to access adequate electricity for economic growth and prosperity has continued unabated. In recent times, several projects being embarked upon by Niger Delta Power Holding Company (NDPHC) Limited have been attacked and contractors either killed or maimed by attackers. On September
Vandals destroy 6 transmission towers, kill vigilante in Rivers Read More »
Seplat Energy Plc, a leading Nigerian independent energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange, announces that it has successfully obtained the ISO 55001:2014 Standard Asset Management System certification, becoming the first energy company in Africa to achieve this remarkable feat. ISO 55001 is the international standard that helps organisations
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Muhammadu Buhari over “the failure to probe the spending of trillions of ecological funds by governments at all levels—federal, state and local governments from 2001 to date, and to ensure the prosecution of suspected perpetrators of corruption and mismanagement of public funds.” Joined
Floods: SERAP sues Buhari over failure to probe ‘missing trillions of ecological funds’ Read More »
Attorney General of the Federation and Minister of Justice, Abubakar Malami, SAN, has been conferred with the award of Distinguished Service Star of Rivers State (DSSRS) by the River State Governor Nyesom Wike. The award was presented to Malami by the Governor at an event held at Rivers State’s Government House, Port Harcourt on Saturday
Malami Receives Rivers State’s DSSRS Award Read More »
The manifesto titled, “Our Pact with Nigerians: Creating a New Nigeria“, unveiled Obi’s proposed plans to lead Nigeria if elected as president. Page 18 of the document itemized his economic plan founded on a shift from consumption to production by running a production-centred economy that is driven by an agrarian revolution and export-oriented industrialization.
BREAKING: 2023 Presidential Election: Peter Obi Releases 62-Page Campaign Manifesto Read More »
The Nigerian Communications Commission’s Computer Security Incident Response Team (NCC-CSIRT) has warned that a new Phishing, Attacks Exploit Windows Zero-Day Vulnerability, can load malicious QBot malware on the compromised device without triggering any Windows security alerts. In its advisory, NCC-CSIRT indicated that the vulnerability, which is present in all versions of Windows-based products, presents as
NCC-CSIRT Warns of Phishing Attack Exploit Read More »
