The African Private Equity and Venture Capital Association (AVCA) announced the release of its flagship reports, the 2022 H1 Annual African Private Capital and Venture Capital Activity reports. The reports present an overview of the venture ecosystem, private capital fundraising, dealmaking, and exits in Africa in the first half of 2022, and set out projections […]
The ongoing war in Ukraine has dimmed prospects of a post-pandemic economic recovery for emerging and developing economies in the Europe and Central Asia region, says the World Bank’s Economic Update for the region, released today. Economic activity will remain deeply depressed through next year, with minimal growth of 0.3% expected in 2023, as energy
In clear recognition of the critical role Nigeria is playing on the global telecom stage, the country was re-elected earlier today as a Council member of the International Telecommunication Union (ITU), the United Nations specialised agency that oversees global telecommunication operations. Nigeria will serve on the Council again from 2023-2026. The election of Nigeria and
Nigeria re-elected as ITU Council Member Read More »
OPEC daily basket price stood at $92.34 a barrel Friday, 30 September 2022, compared with $92.76 the previous day https://www.opec.org/opec_web/en/press_room/6758.htm
OPEC daily basket price Read More »
By Eyo Nsima African oil and gas producing countries, said they would continue to explore and produce natural gas for development, despite the quest for Energy transition, globally. Speaking at the VIP and Ministerial Symposium of this year’s Africa Oil Week, in Cape Town, South Africa, the former Minister of State for Petroleum Resources, Dr.
Energy transition: We’ll continue to explore, produce gas for development Read More »
By Our Correspondent A year ago, a commitment of $ 850 million was made for the upgradation of the Boston port to increase the port’s throughput, according to FleetMon. It stated: “The Massachusetts Port Authority stated that the dredging of the Boston Harbor, the expansion of the port’s primary freight terminal, and other upgrades which
MARITIME: $850m Investment into the Port of Boston starts paying dividends Read More »
Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to “recommit to transparency, and demonstrate leadership by publicly committing to publish your asset declaration at the end of your tenure of office, and encouraging other members of your administration to do the same.” SERAP also urges him to “direct the Attorney-General of the
Recommit to transparency, declare your assets, SERAP tells Buhari Read More »
By Eyo Nsima Globally, the number of maritime accidents, dropped by 3.5 percent to 689 in the first nine months of 2022, from 714 in the corresponding period of 2021. According to data collated from FleetMon reports by The Daily, www.thedaily-ng.com, the sector recorded 90, 77, 69, 75, 71, 71, 74, 86 and 76 accidents
Maritime accidents drop by 3.5% to 689 Read More »
By Eyo Nsima Nigerian National Petroleum Company Limited, NNPCL, has acquired the assets of OVH Energy Limited, thus becoming the largest downstream investor in Nigeria. Speaking at the unveiling of the new outlets in Abuja, Nigeria’s capital, the Chairman of NNPCL, Senator Margery Okadigbo said the company has moved closer to its target of having
DOWNSTREAM: NNPCL acquires OVH Energy, now largest filling station owner in Nigeria Read More »
By Our Correspondent The Orient Overseas Container Line Ltd. (OOCL) from Hong Kong, completed the trial use of a biofuel provided by Chevron, according to FleetMon. It stated: “The fueling was carried out on June 24th aboard the container vessel MV Yokohama. The 4,578 TEU vessel was fueled with 1999.3 metric tons of B22 marine
MARITIME: OOCL Completes Trial of Biofuel Provided by Chevron Read More »
