Author name: Godswill Odiong

BREAKING: Nigeria’s Bonny Light price hits $70.15 per barrel

How COVID 19 raked havoc on global oil market in 2020 — OPEC

By Eyo Nsima The Organisation of Petroleum Exporting Countries, OPEC, has disclosed that the outbreak of Coronavirus pandemic, culminated in the collapse of the global oil market in 2020. In his foreword to the organisation’s 2020 Annual Report, Secretary General, Dr. Mohammad Barkindo, said: “The year 2020 was like no other in living history. Not […]

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BREAKING: Nigeria’s Bonny Light price hits $70.15 per barrel

FG slashes Gas to Power price to $2.18

By Eyo Nsima President Muhammadu Buhari, Thursday, said the Fedral Government, has slashed Gas to Power price to $2.18 from $2.50. President, who disclosed this while declaring open the 2021 Gas Sector Stakeholders (Ajaokuta-Kaduna-Kano, AKK Gas Pipeline Project) Forum held in Kano, said the reduction have been communicated to the relevant stakeholders for compliance Buhari,

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Thermoelectrics enters the Fast Track, finds new IDTechEx Report

Thermoelectrics cools, heats, makes electricity and senses. Many proponents have stumbled with the wrong choice in the wrong applications. For example, trying to make electricity from car exhausts just as they become obsolete is a fool’s errand. Gentherm failed with thermoelectric generators then pivoted to create a business of hundreds of millions of dollars yearly

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African Continental Free Trade Area strongly supports bid of Made in Africa to buy Vlisco

At the heart of Africa’s global and regional competitiveness is the textiles and clothing sector It has been brought to the attention of the African Continental Free Trade Area (AfCFTA) Secretariat that our strategic partner, a leading African financial institution supported a $200 million bid by Made in Africa to purchase Vlisco, a textile company

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SPACES FOR CHANGE CONGRATULATES NIGERIA FOR EXITING FATF’S GREY LIST

S4C presents ‘Natural Resource and Benefit Sharing Negotiations between Host Communities & Extractive Companies: A Case Study of Assa North and Ohaji South Gas Development Project’

By Victoria Ibezim-Ohaeri SPACES FOR CHANGE | S4C, with support from the Ford Foundation, has shared its investigative report: NATURAL RESOURCE AND BENEFIT-SHARING NEGOTIATIONS BETWEEN HOST COMMUNITIES AND EXTRACTIVE COMPANIES: A CASE STUDY OF ASSA NORTH AND OHAJI SOUTH [ANOH] GAS DEVELOPMENT PROJECT. This report is based on the findings of fact-finding missions and townhalls

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South African Ports Resume Normal Operations As Unrest Settles

NPA will transform Nigeria’s seaports into world-class status – Bello Koko

By Eyo Nsima The managing director, Nigerian Ports Authority (NPA), Mohammed Bello Koko, has promised to transform the nation’s Seaports in line with global standards. He said this while addressing members of the Senate Committee on Privatization and Commercialization led by Senator Theodore Orji, who visited the NPA. Already, Bello Koko, noted that the Authority

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

AUTOGAS: Lafarge Africa introduces natural gas-powered trucks in Nigeria

By Eyo Nsima Lafarge Africa Plc has launched reaffirmed a new set of 52 natural gas (LNG) fueled trucks, targeted at promoting clean energy and environment in Nigeria. Speaking at the launch of the trucks at Lafarge’s Ewekoro plant, Mr. Khaled El Dokani, Country Chief Executive Officer, Lafarge Africa Plc, stated that Lafarge Africa is

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Lekki Port hits 50% of breakwaters construction

Grendi opens new terminal in Port of Cagliari

Gruppo Grendi has opened a new container terminal in Sardinia, Italy, according to FleetMon. It stated: “Located in Port of Cagliari, the terminal had received its first vessel on 9th July itself but it’s now that the port the operator has officially announced its opening. “Named, Mediterranean Intermodal Terminal Operator (MITO) of Sardinia, the new

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BREAKING: Court releases El-Zakzaky, wife after 6 years detention

By Eyo Nsima A Kaduna High Court, Wednesday, released the Shiite Movement in Nigeria leader, Mallam Ibrahim El-Zakzaky, and his wife, Zeenat. Justice Gideon Kurada, upheld the no case submission filed by lawyer to El-Zakzaky, Femi Falana because the prosecutor did not establish a prima facie case against the religious leader. The trial judge therefore

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