Author name: Godswill Odiong

Women in Energy to lead conversations on breaking barriers at NIES 2024

The Nigeria International Energy Summit (NIES) is proud to announce the integration of the Women in Energy Roundtable as a central pillar of its highly anticipated 7th edition, set to unfold from February 26th to March 1st, 2024. The session, scheduled for February 27th, 2024 by 2.30pm at the International Conference Centre (ICC), Abuja, is […]

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SERAP sues 36 governors over failure to account for N72bn subsidy palliative

SERAP gives NNPCL 7 days to account for ‘missing $2.04bn, N164bn oil revenues’

Socio-Economic Rights and Accountability Project (SERAP) has urged Mr Mele Kolo Kyari, Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited to “promptly account for and explain the whereabouts of the alleged missing USD$2.04 billion and N164 billion oil revenues.” SERAP said the allegations are documented in the latest annual report recently

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Local Content: NCDMB Holds Knowledge-Sharing Session with Mozambique

In keeping with Nigeria’s leadership role in the development of Local Content in Africa, the Nigerian Content Development and Monitoring Board (NCDMB) has concluded a two-day Local Content development experience-sharing session with a delegation from Mozambique’s national oil company, Empresa Nacional de Hidrocarbonetos(ENH).   The engagement was held on the sidelines of the 8th Sub-Saharan

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Bonga Boost: Shell to deepen investments in deep water, gas, renewables

Energy giant, Shell is working to extend the life of the Bonga Floating, Production, Storage, Offloading (FPSO) vessel for another 15 years to handle more production from Nigeria’s first deep-water development which came on stream in November 2005. The Bonga Main Life Extension Project comes as the company explores opportunities in deep-water, gas and renewables

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Zandaux Echoes “One Africa. One Market” to Propel African Business Connectivity

Zandaux is set to redefine African business connectivity and the African B28 e-commerce sector by launching its revolutionary multi-vendor platform in South Africa, following successful debuts in Kenya and Nigeria in January. The platform that is on a mission to create a One Africa-One Market has earned widespread acclaim for its intuitive interface, robust features,

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Logistics Challenges, Flooding Cause of Fuel Queues

Climate Change: NNPC Ltd/Total Energies JV achieves Zero Gas Flare

By Godswill Odiong  In a groundbreaking achievement toward environmental sustainability, the NNPC Ltd/TotalEnergies Joint Venture has successfully eliminated routine gas flaring across all its assets, significantly reducing greenhouse gas emissions in alignment with national and international targets. In a statement, Olufemi O. Soneye, Chief Corporate Communications Officer of NNPC Ltd, heralded the milestone achievement, emphasizing

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

CBN Implements Regulations on Foreign Currency Cash Pooling for International Oil Companies in Nigeria

By Godswill Odiong The Central Bank of Nigeria (CBN) has introduced new directives aimed at regulating the practice of foreign currency cash pooling by International Oil Companies (IOCs) operating within the country. Concerns over the impact of repatriated export proceeds on domestic foreign exchange liquidity prompted the CBN to enforce measures ensuring easier access for

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Seplat Energy achieves ISO 26000 endorsement on social responsibility

Seplat Energy Plc, leading Nigerian independent energy company listed on both the Nigerian Exchange Limited (NGX) and the London Stock Exchange (LSE), has achieved the ISO 26000 endorsement, which is a major milestone that reinforces the Company’s commitment to social responsibility.  The Company’s ISO 26000 journey commenced in September 2021 and was concluded in 2023.

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UNGA 79: African Development Bank calls on DFI’s to put peace into action to promote peace and stability in Africa

AfDB to scale up financing to South Sudan in 2024 – Vice President Marie-Laure Akin-Olugbade

The African Development Bank’s Vice President for Regional Development (www.AfDB.org), Integration and Business Delivery, Marie-Laure Akin-Olugbade has concluded a three-day visit to South Sudan. Akin-Olugbade met with high-level government officials including First Vice President, Riek Machar, and the ministers of Finance and National Planning, Interior, Humanitarian Affairs and Disaster Management, and Youth and Sports, as

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