Author name: Godswill Odiong

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

OIL MARKET: Prices bounce back to almost $70 per barrel over OPEC cut

By Eyo Nsima Oil prices have bounced back to almost $70 per barrel over measures adopted by the Organisation of Petroleum Exporting Countries, OPEC to achieve stability in the volatile market. Specifically, the prices of Brent, often utilized to benchmark other prices shoot up to $69.55 per barrel from $67 recorded Monday this week. Others, […]

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South Korea: Daesan complex to develop polymer capacity for durable applications

The Hanwha Total Petrochemical (HTC) joint venture1 is commissioning a new polypropylene line at the Daesan integrated refining and petrochemical complex in South Korea, adding a further 60% to its production capacity, which now totals 1.1 million tons a year. At the same time, the start up of a fourth propane furnace will increase ethylene

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ZIMEC: Zambia’s leading & mining- and energy event to celebrate its 10th Anniversary virtually

Zambia International Mining & Energy Conference & Exhibition, which has been for the last decade, Zambia’s leading mining and energy meeting will celebrate its 10th anniversary with a virtual edition, taking place from 26-27 May 2021. The organisers of ZIMEC 2021, notably the Ministry of Mines and Minerals Development, Ministry of Energy, Chamber of Mines,

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Border Closure: Bloomberg report on sole export exemption Misleading --- Dangote

Dangote Cement, Major Contributor to Senegal’s Economic Devt, says Envoy

Dangote Cement Plc’s huge investment has been described as one of the major contributors to the development of the Senegalese economy. Besides, the Cement plant located in Pout, 60 kilometres away from Dakar, has greatly assisted in strengthening the business relationship between Senegal and Nigeria. Dangote Cement Senegal currently holds a capacity of 1.5 million

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SERAP sues Akpabio, Abass over ‘plan to spend N110bn on bulletproof cars, others’

ECOWAS Court Dismissed SERAP’s Case Prosecuted by Falana against FG

The Community Court of Justice of the Economic Community of West African States (ECOWAS) has dismissed six year application (ECW/CCJ/JUD/08/21) filed by the registered trustees of the Socio-Economic Rights and Accountability Project (SERAP) against the Federal Government. In a judgment which was delivered on 26th April, 2021 the Court which was presided over by Hon.

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BREAKING: Bill and Melinda Gates go for divorce after 27 years of marriage

By OUR CORRESPONDENT After 27 years of marriage, Melinda Gates and Bill Gates, owners of the Bill Gates Foundation have concluded plans to go for divorce. No details have been given. But in a tweet, Monday, April 3, 2021, obtained by The Daily, www.thedaily-ng.com, they jointly, stated: “After a great deal of thought, and a

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DPR generates N2.24trn in 8 months, targets N5trn in December

DPR commits to enhancing investment in oil, gas

By Eyo Nsima The Department of Petroleum Resources (DPR) has said it will continue to guarantee investments, enable participation and authorise activities in the Nigeria oil and gas industry. The regulator added that it was working in alignment with the aspirations of the government to provide energy security for the nation and create jobs for

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

LCCI seeks better interface between regulatory agencies, SMES

The Lagos Chamber of Commerce and Industry (LCCI) is seeking direct and effective engagements between Small and Medium Enterprises (SMEs) and regulatory agencies for enhanced transactions, communication and responsive feedback mechanism. Dr Muda Yusuf, Director-General, LCCI, made this known in a press statement made available to the media following a study by the Chamber and

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World oil demand to decline by 9.5 mb/d --- Report

How tanker destroyed oil pier at Misrata, Libya

Tanker ARIN struck the Buraiqa oil pier at Misrata port, Libya, in the evening April 29, 2021 while berthing, according to FleetMon. It stated: “Pier was severely damaged and partially destroyed, tanker seemingly, sustained dents, probably a gash. She arrived from Tobruk Libya, and as of May 1, remained berthed in port. Photos Ministry of

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