Business

We don’t have plans to redenominate Naira — CBN   By Eyo Nsima The Central Bank of Nigeria, CBN, has disclosed that it does not have plans to redenominate the Naira. Reacting to several text messages in circulation that CBN planned to redenominate the currency from January, next year, the Director, Corporate Communications, Dr. Isa Abdulmumin,

Sahara Group advocates market-based regime to develop gas sector in Africa   Sahara Group, a leading international energy and infrastructure conglomerate, has urged African governments and regulators to adopt market-based regimes to stimulate the sustainable development of gas across the continent. The company noted that appropriate pricing of the commodity will enhance investment, increase production

SPACES FOR CHANGE URGES PROMPT ACTION AND COLLABORATION IN ENSURING SAFE RELOCATION OF RESIDENTS IN FLOOD-PRONE AREAS  

AE Celebrates Congo LNG Vessel Sail-Away, First Production Set for December 2023 South Africa, October 25, 2023/ — Global energy company Eni celebrated the sail away of the Tango Floating Liquefied Natural Gas (FLNG) and Excalibur Floating Storage Unit (FSU) vessels from Dubai to the shores of the Republic of the Congo. This significant milestone

President Hage G. Geingob Does Not Need Lectures from Hopwood’s Institute for Public Policy Research on Which Awards to Accept   The Presidency of the Republic of Namibia (https://OP.Gov.Na) would like to provide clarity with regards to slanted articles published in The Namibian newspaper on the 22 September 2023 and 17 October 2023, under the

Why has OPEC increased its long-term oil demand outlook in the WOO 2023?   By HE Haitham Al Ghais, OPEC Secretary General This past year has seen the OPEC Secretariat research team take on board a variety of energy policy shifts, reassessments of the speed and nature of energy transitions, as well as developments in

DOWNSTREAM: Tethys signs agreement with Chevron over Texaco lubricants   A Nigerian company, Tethys Ltd., has signed an agreement with Chevron as the brand licensee for Texaco lubricants across the country. Speaking at the Chevron-Tethys Texaco Lubricants relaunch on Thursday in Lagos, Mr Jaap Jan Mohlmann, Manager, Distributor and Export Sales Chevron, said the company