Author name: Godswill Odiong

MARITIME ACCIDENT: Horrific tragedy on COSCO bulker – of 21 crew 12 died, 9 in hospital, ship’s unmanned

By Our Correspondent A horrific tragedy befell the 21 all-Chinese crew of COSCO bulk carrier WU ZHOU 8 in the Gulf of Thailand on September 30, 2022, according to FleetMon. It stated: “A horrific tragedy befell the 21 all-Chinese crew of COSCO bulk carrier WU ZHOU 8 in Gulf of Thailand on Sep 30. In […]

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How Panamax runs aground at Suez Canal

MARITIME ACCIDENT: NORDIC container ship collided with fishing vessel in Poland

By Our Correspondent A Container ship NORDIC ITALIA struck Polish fishing boat DZI 18 early in the morning September 30, 2022, 30 nm NE of Swinoujscie, Poland, while en route from Szczecin to Helsinki, according to FleetMon. It stated: “Container ship NORDIC ITALIA struck Polish fishing boat DZI 18 early in the morning Sep 30

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NIGER: Households, businesses grappling with poor power supply --- Investigation

REA launches the Africa Minigrids Program (AMP) to expand energy access across Nigeria through increased financial viability and scaled-up commercial investment

The Rural Electrification Agency (REA) officially launched the Africa Minigrids Program (AMP) on 29th September, 2022, a four-year project funded by the Global Environment Facility (GEF) and supported by the United Nations Development Programme (UNDP)in Nigeria. The programme aims to support access to clean energy by increasing the financial viability, and promoting scaled up commercial

REA launches the Africa Minigrids Program (AMP) to expand energy access across Nigeria through increased financial viability and scaled-up commercial investment Read More »

OPEC+ ministers increase Nigeria’s oil output by 30.6% to 1.829 mb/d

JUST IN: 45th JMMC Meeting, 33rd OPEC, non-OPEC Ministerial Meeting to convene in person in Vienna

By Eyo Nsima The 45th Meeting of the Joint Ministerial Monitoring Committee (JMMC) and the 33rd OPEC and non-OPEC Ministerial Meeting will take place in person at the OPEC Secretariat in Vienna, Austria, on Wednesday, 5 October 2022, according to the Organisation of Petroleum Exporting Countries, OPEC. It stated: “The OPEC Secretariat looks forward to

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Historic ‘Algiers Accord’ reaches six years

The Organization of the Petroleum Exporting Countries (OPEC) today marks the sixth anniversary of the adoption of the landmark ‘Algiers Accord’ on 28 September 2016 in Algiers, Algeria. Six years ago, the OPEC Conference held its 170th (Extraordinary) Meeting in the Algerian capital to discuss oil market developments and deliberate ways to address the severe

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Petroleum Industry Act marks a significant milestone in the administration of Nigeria’s oil and gas industry --- LCCI

THE NIGERIAN ECONOMY AT 62: THE NEED FOR BIG DECISIONS

In the last 62 years, the Nigerian economy has performed along the line of what policy mix used to drive the economy. Our economy has significantly transformed from a largely independent agrarian economy to a net importer of finished goods. The economy is now financed mainly by oil revenue, which has exposed the economy to

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Nigeria at 62: Chevron’s Commitment to Enabling Local capacity

As the nation celebrates her 62nd independence, Chevron companies in Nigeria are proud of our partnership and contributions to the social and economic development of the country. We have learnt through decades of operating in Nigeria that our business success in providing affordable, reliable, ever-cleaner energy is directly tied to the progress and prosperity of

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Dangote Commits to Protecting Shoreline, Fishing Activities in Lekki Communities

Dangote wins ECOWAS’ Manufacturing Brand of the Year Award

…Cement, Sugar win Brands of the Decade Africa’s largest business conglomerate, Dangote Industries Limited has been adjudged the Outstanding Indigenous Conglomerate of the Decade, carting home eight different Economic Community of West African States Manufacturing Excellence Awards (EMEA) in the process. In the same vein, two subsidiaries of the Conglomerate, Dangote Cement Plc and Dangote

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INDUSTRIAL GROWTH: DANGOTE TASKS STATES ON INVESTMENTS ENABLERS

AFCFTA: Dangote to bolster Africa’s earnings

As the African Continental Free Trade Area (AFCFTA) implementation commences, experts say the continent is in a privileged position considering the Dangote Group’s huge international investment portfolio. Pundits say Dangote Group has positioned its subsidiaries as multinational conglomerates which have continued to play a pivotal role in the industrialization of Africa. The multi-billion naira Dangote

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