All On, Infibranches Sign a $2m Deal to Drive Growth in the Nigerian Renewable Energy Sector Shell-funded impact investment company All On is pleased to announce a $2m investment in a fintech company, Infibranches Technologies Limited to help bridge the energy distribution gap in underserved rural and peri-urban areas of Nigeria. Olusola Owoyemi, Infibranches CEO, […]
Buhari appoints Ararume Board Chairman of new NNPC Ltd By Eyo Nsima President Muhammadu Buhari, Sunday, ordered the immediate incorporation of NNPC Limited in line with the provision of the Petroleum Industry Act (PIA). The President also named Senator Ifeanyi Ararume as NNPC Limited Board Chairman with Mele Kolo Kyari and Umar I. Ajiya as
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The Federal Government, through the Department of Petroleum Resources (DPR) has said it will generate N3.2 trillion revenue by the end of December this year. With improved revenue outlook, including signature bonuses, the Chief Executive Officer of DPR, Sarki Auwalu yesterday in Abuja, said over 70 per cent of the revenue projection has already been
DPR eyes skills export, targets N3.2trn revenue Read More »
Shell restates commitment to Research, Development in Nigeria Energy giant, Shell, has said its research and development strategy is aligned with Nigeria’s 10-year strategic roadmap for local content being implemented by the Nigerian Content Development and Monitoring Board (NCDMB). Managing Director of the deep-water business of Shell in Nigeria, Mrs Elohor Aiboni, said Shell Nigeria
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DPR generates N2.24trn in 8 months, targets N5trn in December By Eyo Nsima The Director of the Department of Petroleum Resources, DPR, Engr. Sarki Auwalu has disclosed that the department has generated 70 per cent of its N3.2 trillion (N2.24trn) revenue in the first eight months of 2021. Auwalu who made the disclosure during a
DPR generates N2.24trn in 8 months, targets N5trn in December Read More »
DPR generates N2.24trn in 8 months, targets N5trn in December By Eyo Nsima The Director of the Department of Petroleum Resources, DPR, Engr. Sarki Auwalu has disclosed that the department has generated 70 per cent of its N3.2 trillion (N2.24trn) revenue in the first eight months of 2021. Auwalu who made the disclosure during a
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By Miguel Artacho Although The Gambia is actively exploring offshore areas to tap into hydrocarbons potential and aims to position itself as one of the new oil producing countries in the MSGBC Basin; by no means is fossil fuel development the only area in which the Gambian authorities are looking to boost the dynamism of
The Gambia launches ambitious renewable energy projects Read More »
Africa Capitalworks stakes equity investment in Dorman Long By Eyo Nsima Africa Capitalworks, ACW, a Sub-Saharan Africa-focused private equity company, Wednesday, made a significant equity investment in Dorman Long Engineering Limited, DLE. DLE, an indigenous company, which provides high value engineering services, fabrication, asset management and galvanising services to a range of high quality international
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By Eyo Nsima The price of nation’s Bonny Light and others have risen to over $72 per barrel in the international market folowing the laatest report of the over the International Energy Agency, IEA. According to the report, there would be a strong rebound in global oil demand from October, 2021, especially because of a
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The Department of Petroleum Resources (DPR) has reopened eight petroleum tank farms shutdown by the Lagos State Physical Planning Permit Authority (LASPPPA) in Ijegun-Egba, Satellite Town, Lagos. Mr Ayorinde Cardoso, Zonal Operations Controller, DPR, Lagos Zone, who directed the reopening of the depots said the agency lacked the constitutional power to shut them down because
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