Author name: Godswill Odiong

FUEL SUBSIDY: Oil marketers set to import petrol as CBN liberalizes forex

FUEL SUBSIDY REMOVAL: ENSURING INCLUSIVE, IMPACTFUL AND SUSTAINABLE PALLIATIVE MEASURES

INTRODUCTION The Centre for the Promotion of Private Enterprise [CPPE] commends the Nigeria Labour Congress [NLC] and the Trade Union Congress [TUC] for opting for dialogue in resolving the impasse triggered by the fuel subsidy removal. In truth, the pains inflicted on the citizens, especially the vulnerable segments of the society, were very severe. A […]

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African Energy Chamber Drives Intra-African Energy Investment in Lagos

Guinea-Conakry’s Minister of Energy, Hydropower and Hydrocarbons to Discuss Offshore Prospects, Untapped Acreage at AEW 2023

Hoping to mirror regional exploratory success, Guinea-Conakry offers unique opportunities across its offshore basins for investors and project developers alike. In 2023, the country has put forward a strong upstream drive and is inviting E&P players to seize the opportunities the frontier market presents. During the upcoming African Energy Week (AEW) conference and exhibition –

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Shonubi takes over from Emefiele as Acting CBN Governor

President Bola Tinubu has approved the appointment of Mr. Folashodun Adebisi Shonubi as the acting Governor of Central Bank of Nigeria following the suspension of Godwin Emefiele from office with immediate effect. This was revealed Friday night in a statement by Willie Bassey, Director of Information at the office of the Secretary to the Government of

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ExxonMobil appoints Adesua Dozie Vice-Chairman of Nigerian Affiliates

ExxonMobil affiliates in Nigeria – Mobil Producing Nigeria Unlimited (MPN) and Esso Exploration and Production Nigeria Limited (EEPNL) have announced the appointment of Adesua Dozie as Vice-Chairman of the Boards of the Companies, with effect from June 12, 2023.   Until her appointment, Dozie, was an Executive Director and General Counsel for MPN and EEPNL.

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

BREAKING: Tinubu signs 2023 Electricity Act into Law

By Godswill Odiong President Bola Tinubu has signed the new Electricity Act into law, which replaces the 2005 Electricity and Power Sector Reform Act. The Electricity Act was first passed in July 2022 in the administration of former President Muhammadu Buhari. The new bill seeks to promote private sector investments in the Nigerian power sector

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Telecom Sector Contributes N2.508 Trillion to Nigeria’s GDP

The telecommunications and Information Services sector in Nigeria has, in the first quarter 2023, delivered a handsome N2.508 trillion in terms of financial value contribution to the nation’s gross domestic product (GDP), representing 14.13 per cent. Figures released by the National Bureau of Statistics (NBS) showed that the sector recorded a 4.3  per cent   increase

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African Energy Chamber Drives Intra-African Energy Investment in Lagos

Education Fund for African Students in Energy

We are thrilled to announce the launch of the AEC African Energy Education Fund (www.EnergyChamber.org), an annual program aimed at supporting young individuals across Africa who are pursuing undergraduate studies in oil, gas and energy-related fields. The application cycle for the scholarship award runs from June 2023 to 31 August 2023, and the recipients will

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All On, GEAPP Commits $11 million To Support 25 Mini-grid Projects in Nigeria

Shell funded impact investment company, All On, through its Demand Aggregation for Renewable Technologies (DART) program, has announced its commitment of $11 million to support 25 mini-grid projects in Nigeria. This was made known at an inaugural DART workshop with off-grid developers, commercial banks, domestic investors, and other critical stakeholders to discuss strategies to unlock

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United States Commits Additional $112m to Support Ethiopia’s Continued Response to End HIV/AIDS by 2030

On May 23, 2023, Ambassador Dr. John Nkengasong, U.S. Global AIDS Coordinator and Special Representative for Health Diplomacy, announced the approval of the $112 million (over 6 billion Birr) Country Operational Plan 2023 (COP23) through the U.S. President’s Emergency Plan for AIDS Relief (PEPFAR) program to support Ethiopia’s continued response to end HIV/AIDS in 2030.

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President El-Sisi Meets Kenyan President on Sidelines of COMESA Summit

President Abdel Fattah El-Sisi met with Kenyan President William Ruto, on the sidelines of the COMESA summit in Lusaka, Zambia. A spokesman for the Presidency, Counselor Ahmed Fahmy, said President El-Sisi noted Kenya’s vital role in enhancing security and stability in the continent, stressing the solid historical relations that bind the two peoples and countries,

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