$2.4bn oil probe not witch-hunting – Gbajabiamila The 2.4 bilion dollars revenue probe over alleged illegal sale of 48 million barrels of crude oil export from 2014-2015 is not a witchhunt, says Mr Femi Gbajabiamila, Speaker of the House of Representatives. Gbajabiamila made the clarification at plenary on Tuesday in Abuja, during the House of…
Turkey discovers natural gas worth over $500bn in the Black Sea Turkey has found natural gas worth more than $500bn in the Black Sea, says Fatih Dönmez, the country’s energy and natural resource minister. The total volume of reserves found in the Black Sea are 710 billion cubic meters, one of the largest ever found…
Nigeria returns to coal exploration despite 2060 carbon emissions pledge Despite its net-zero carbon emissions pledge by 2060, the federal government has signaled the return of coal mining in the country, with the putting up for sale of five coal blocks in Enugu. In an invitation for expressions of interest for the public bidding of…
Africa’s Green Economy Summit and Formula E Provides Green Invasion of the Continent “We are back in 2024, aligned to the Formula E and E-Fest again” The hugely successful Africa’s Green Economy Summit held in February during the E-Fest in Cape Town, culminating in the sold-out Formula E championship race attended by more than…
NNPC Limited Refute Claims of Missing N20bn and theft of Multi-billion Naira Tax The Nigerian National Petroleum Corporation Limited has refuted a report by online news platform, Sahara Reports alleging the payment of the sum of N20bn to ghost consultants and Theft of multi-billion Naira tax due to the Ogun State Government. In a press…
Nigeria sets sights on developing carbon markets, government working on carbon tax Nigeria’s plans to scale up its carbon markets are starting to take shape, with the government looking to introduce a carbon tax policy and increase participation in the voluntary space. This is according to a recent report by S&P Global Inc (SPGI), a…
AfDB Approves $525,000 Grant for African Fintech Firms The African Development Bank has approved a grant of $525,000 for an online digital hub to serve as a repository of knowledge for fintech entities in Africa. This was disclosed during the signing ceremony for the Letter of Agreement between the AfDB Group and the Africa Fintech…
Nigeria ripe for blue economy – Jamoh The Director General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Bashir Jamoh, on Tuesday said the country was ripe for blue economy. Jamoh said this at the maiden annual lecture of the University of Lagos Institute of Maritime Studies in Lagos. The lecture has the theme: ”From…
Nigeria under-produces OPEC’s crude oil quota by 30.6M barrels in two months Nigeria, Africa’s biggest crude producer, drilled 30.6 million less barrels of oil in January and February compared to the quota allocated to the country by the Organisation of Petroleum Exporting Countries (OPEC) during the period. A review of data from the Nigerian…
Calabar Port On Course For Economic Prosperity- Port Manager Port Manager, Nigerian Port Authority (NPA), Calabar Port, Mr Festus Olumati, has said that the volume of vessels berthing at the Calabar Port has led to massive economic prosperity. Olumati said this on Sunday in Calabar while on an oversight duty at the Port terminal where…
