Petroleum retailers in Rivers State have expressed disappointment that the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mr Bayo Ojulari, failed to visit the Port Harcourt …
Energy
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- BusinessDevelopmentEconomyEnergyFinanceGovernment Policy
Afrinvest Questions Tinubu’s $1tn GDP Target Over Inflation
Investment research and advisory firm Afrinvest has expressed doubt over President Bola Ahmed Tinubu’s ambitious projection that Nigeria’s economy will grow four times bigger to reach $1 trillion by 2030. …
- BusinessEconomyEnergyGovernment PolicyInfrastructureOil & Gas
Tinubu Hails NNPC and Sahara Group Over New LPG Vessel ‘MT Iyaloja Lagos’
President Bola Ahmed Tinubu has praised the Nigerian National Petroleum Company Limited (NNPC Ltd) and Sahara Group for their commitment to strengthening Africa’s role in the global clean energy market. …
- AfricaBusinessEconomyEnergyMining
Egypt Saves $3.6 Billion on Fuel Imports as Domestic Energy Production Rises
Egypt has announced that it successfully saved about $3.6 billion in fuel import costs during the 2024/2025 fiscal year, thanks to a boost in local energy production. The Minister of …
- EnergyGovernment PolicyInsuranceLawPublic SafetyReal EstateRegulationSecurity
New Law Makes Insurance of Public Buildings and Fuel Stations Compulsory, Defaulters Face Fines and Jail
Landlords and occupiers of public buildings in Nigeria now risk a fine of N1 million, a jail term of 12 months, or both, if they fail to insure their properties …
- EnergyGeopoliticsMarket ForecastOil & GasTrade & Investment,
OPEC and IEA Disagree on Oil Market Outlook for 2025-2026
The Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA) are still giving different forecasts for the oil market over the next two years. Their latest …
- EconomyEnergyGOVERNMENTInfrastructureSocial WelfareTaxation
FG Clears N2tn Capital Debt, Promises Faster 2025 Project Funding
The Federal Government has paid over N2 trillion owed to contractors for capital projects from the 2024 budget, and says it will now focus on ensuring timely release of funds …
- Community DevelopmentEconomyEnvironmentNigeriaOil & GasSecurity
NNPCL to Expand Tantita Security’s Pipeline Surveillance Across Niger Delta
A concerned citizen, Mr. Prezugha Ezon, has called on the Federal Government and the Nigerian National Petroleum Company Limited (NNPCL) to extend the pipeline surveillance contract of Tantita Security Services …
- BusinessEnergyEnvironmentInfrastructureManufacturingRenewable EnergySouthern Africa
PPC Moves into Renewable Energy with Major Projects in Zimbabwe and South Africa
Pretoria Portland Cement Company (PPC), one of the largest cement producers in Southern Africa, is taking big steps into renewable energy as part of its long-term business strategy. The company …
- EnergyInternational AffairsLeadershipNigeriaOil & Gas
Nigerian Geoscientist Seye Ekun Elected Vice President of AAPG Africa Region
A Nigerian petroleum geoscientist, Mr. Seye Ekun, has been elected as the Vice President of the American Association of Petroleum Geologists (AAPG) Africa Region. His tenure will run from July …