Author name: Godswill Odiong

Middle East: Oil demand remains low despite the ease in COVID-19 lockdown

Global energy transition, PIA, Divestments by IOCs present exciting opportunities for indigenous players

The Chairman of Independent Petroleum Producers Group (IPPG), Mr. Abdulrazaq Isa, OFR, said that the global energy transition, the Petroleum Industry Act (PIA), divestments by International Oil Companies (IOCs), and the Decade of Gas Initiative has presented indigenous players with exciting opportunities for the industry’s transformative shift. According to the IPPG Chairman, “the ongoing global […]

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Shell Nigeria Gas proffers solution to gas supply challenges

Managing Director of Shell Nigeria Gas Limited (SNG), Mr. Ralph Gbobo, has assured manufacturers at Nigeria’s largest manufacturing equipment and raw material expo, organized by the Manufacturers Association of Nigeria in Lagos, of the company’s resolve to continue to collaborate with industry stakeholders and government to find lasting solution to current challenges facing the industry

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African Energy Chamber Drives Intra-African Energy Investment in Lagos

African Countries Should Reject Anti-Fossil Fuel Policies at Conference of the Parties (COP28)

With COP 28 set to conclude in the coming days, a COP where African countries fiercely defended the role oil and gas plays across the continent, it has become clear that developed nations seem committed to phasing out fossil fuels, advocating for an anti-fossil fuel energy transition that does not take into account the needs

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AfDB

South Africa: AfDB approves $1 billion guarantee from the United Kingdom to support SA’s Just Energy Transition

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $1 billion guarantee program in collaboration with the UK Foreign Commonwealth and Development Office (FCDO), which will allow the Bank to increase its lending capacity in support of South Africa’s Just Energy Transition (JET). Developed in close collaboration with the government

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Cybersecurity Evolution: Zoracom’ s Visionary Approach to Safeguarding Digital Assets

In an era of rapid digitalization where organizations worldwide are heavily investing in digital assets, the persistent threat of cybersecurity breaches has underscored the critical need for robust cybersecurity partners. Rising to meet this demand is Zoracom, a technology company for cybersecurity, observability and infrastructure management based in Lagos that has achieved significant milestones since

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We don't have plans to redenominate Naira --- CBN

Central Bank’s Exchange Rate Hike Sparks Concerns Over Economic Impact

By Godswill Odiong In a move that has sparked widespread concern, the Central Bank’s recent decision to increase the customs exchange rate from N783 to N952/$ is facing strong opposition from businesses and advocates alike. Dr. Muda Yusuf, CEO of the Centre for the Promotion of Private Enterprise (CPPE), warns that this adjustment will compound

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New Report by KPMG, FAB, ITFC Identifies Transformational Role Financial Institutions Play in Accelerating GCC Food Security and Climate Goals Globally

With the global population set to reach 9.8 billion by 2050, communities and ecosystems are facing enormous resource challenges. A recent report by KPMG Lower Gulf (https://KPMG.com/), First Abu Dhabi Bank (FAB) (https://www.BankFAB.com/), and the International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-idb.org/), titled Harvesting Resilience, Leveraging Finance for Food Security and Climate Resilience (https://apo-opa.co/3t8xGTM), shows

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African Development Bank appoints Gauthier as Director and Special Advisor in the Office of the President

COP28: AfDB President invites business leaders to invest in Africa to accelerate decarbonization

The President of the African Development Bank (www.AfDB.org), Akinwumi Adesina, called on African business leaders to take advantage of investment opportunities in Africa and decarbonize their industries more quicky during the COP28 global climate conference in Dubai. “Africa is a very reliable destination for investment,” since the continent has a “dominant position in terms of

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Seplat Energy COO lauds divestment activities in Nigeria’s energy industry

The divestment story in Nigeria’s petroleum upstream sector has been a success case in terms of value creation, realisation and retention for the economy, the Chief Operating Officer, Seplat Energy Plc, Mr. Samson Ezugworie has said. According to the Seplat Energy COO, whilst the International Oil Companies put their focus on deep water activities –

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At COP28 in Dubai, NNPC Ltd. Seals LNG Deals for Domestic, International Markets

…Agreement on 421 Tonnes Per Day Small-Scale LNG Project in Ajaokuta and MoU on Floating LNG In its efforts to further boost natural gas utilization in the country and enhance Nigeria’s gas revenue, NNPC Ltd. has signed two major agreements to deliver LNG to the domestic gas market and the international LNG market. During two

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