Author name: Godswill Odiong

JUST IN: Confusion deepens as document puts petrol price at over N500 per litre

By Eyo Nsima The downstream sector of Nigeria’s oil industry has been thrown into confusion as a document, currently in circulation puts the retail price of petrol at over N500 per litre. The document, obtained by The Daily, https://thedaily-ng.com puts petrol prices in Abuja, Lagos and Kano at N537, N488 and N540 per litre respectively. […]

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Savannah Signs New Natural Gas Sales and Purchase Agreement with Amalgamated Oil Company Nigeria Limited

Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter, is pleased to announce that the Company’s 80% indirectly owned subsidiary, Accugas Limited, has entered into a Natural Gas Sales and Purchase Agreement (the “NGSPA”) with Amalgamated Oil Company Nigeria Limited (“AMOCON”) for gas produced in the OML 156 sole risk

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BII, Stanbic Bank Kenya in double commitment to off-grid solar energy company Sun King

British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, and Stanbic Bank Kenya (“Stanbic”), a member of theStandard Bank Group, have announced commitments to Sun King, a leading off-grid solar energy company, through a $130 million funding round and a joint $20 million working capital facility. Targeting further expansion, Sun King

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NASCON RECORDS 84% INCREASE IN PROFIT

…shareholders commend dividend payment. NASCON Allied Industries Plc have recorded impressive growth in all performance indicators in the year ended December 31, 2022, with profit after tax surging by 84 percent, from N2.97 billion to N5.47 billion. Shareholders at the company’s 2022 annual general meeting (AGM) held at the weekend in Lagos commended the board

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Danbatta to Receive National Productivity Order of Merit Award for Outstanding Contributions to Industry

Prof. Umar Garba Danbatta, the Executive Vice Chairman of the Nigerian Communications Commission (NCC), will be conferred with the esteemed National Productivity Order of Merit (NPOM) Award, among other notable Nigerians.   The announcement was made in an advertorial signed by the Director General of the National Productivity Center, Dr. Nasir Olaitan Raji-Mustapha, heralding Danbatta’s

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MOMAN, DAPPMAN support subsidy removal

MOMAN, DAPPMAN support subsidy removal

MOMAN, DAPPMAN support subsidy removal   The Major Oil Marketers Association of Nigeria (MOMAN) and Depot and Petroleum Marketers Association of Nigeria (DAPPMAN) have declared their support for President Bola Tinubu’s pronouncement to phase out the petrol subsidy regime. The oil marketers gave their support in a joint statement issued on Tuesday in Lagos. According

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The Role of Angolan Banks, Insurers in the Rise of Local E&P Players

As the primary driver of its economy, the local content regime for the oil and gas sector in Angola is heavily dependent on a robust and efficient financial sector. Exploration and production (E&P) of the country’s oil and gas resources has set the stage for strong economic outlook for Angola, with the country’s GDP projected

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Mauritania’s 80GW Hydrogen Pipeline Piques Interest by Germany, World Bank and Others

Mauritania, under the leadership of Minister of Petroleum, Mines, and Energy Abdessalam Mohamed Saleh, has set forth plans for hydrogen projects that could potentially generate an impressive 80 GW of electrolyser capacity. This pipeline is being planned by several renowned companies, including CWP (https://apo-opa.info/42mnEdq), Chariot (https://apo-opa.info/45yXJlj), bp (https://apo-opa.info/3WJyKbc), Conjuncta, and Infinity, and while the aspirations for Mauritania to become a green hydrogen hub (https://apo-opa.info/3OM24vz)

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Shell, partners lead in PIA implementation – NUPRC

SPDC JV unveils more Community Trusts as PIA takes root in Niger Delta

Eight Host Community Development Trusts (HCDTs) have been unveiled in Rivers State as NNPC/SPDC/TotalEnergies/NAOC Joint Venture consolidates the gains of the Petroleum Industry Act (PIA) in the region. The same number of HCDTs have already been unveiled in Yenagoa, and the latest ceremony brings to 16 the Trusts which have been presented to the public

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Breaking : Fuel subsidy is gone in Nigeria --- President Tinubu

We declare as one unified people that as long as this world exists, NIGERIA SHALL EXIST —- President Tinubu

I stand before you honoured to assume the sacred mandate you have given me. My love for this nation is abiding. My confidence in its people, unwavering. And my faith in God Almighty, absolute. I know that His hand shall provide the needed moral strength and clarity of purpose in those instances when we seem

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