Alake Calls for Peaceful Coexistence Among Nasarawa Mining Firms. The Minister of Solid Minerals Development, Dele Alake, has urged mining companies in Nasarawa Local Government of Nasarawa State to foster peaceful coexistence. His call came during a meeting with Governor Abdullahi Sule and members of the state cabinet at the Government House in Lafia on…
ICT’s Contribution to Nigeria’s GDP Hits 19.78% in Q2 2024: NBS Report The Information and Communications Technology (ICT) sector has significantly bolstered Nigeria’s economy, contributing 19.78% to the country’s real Gross Domestic Product (GDP) in the second quarter of 2024. This was disclosed by the National Bureau of Statistics (NBS) in its latest GDP report…
Navy Chief Ogalla Advocates for Special Maritime Courts and Greater Community Involvement to Strengthen Blue Economy In a significant move to bolster the nation’s maritime security and advance the Blue Economy, the Chief of Naval Staff, Vice Admiral Emmanuel Ogalla, has proposed the establishment of special courts dedicated to maritime crimes. He also emphasized the…
US Gasoline Prices Drop Ahead of Labor Day Weekend, Says EIA. As the Labor Day weekend approaches, marking the end of the U.S. summer driving season, gasoline prices across the United States are notably lower than they were a year ago, according to a report from the U.S. Energy Information Administration (EIA) released on Thursday….
Eko DisCo Highlights N144 Billion Debt Owed by Government Agencies. The Eko Electricity Distribution Company (EKEDC) is grappling with a significant financial challenge as ministries, departments, and agencies (MDAs) in its operational area owe the company a staggering N144 billion in unpaid electricity bills. This was disclosed by the acting Managing Director of EKEDC, Mrs….
CNOOC Affirms Fossil Fuels’ Role in Global Energy Future, Sets Record Output Target for 2024 China’s state-run offshore oil and gas giant, CNOOC Ltd, has reinforced its commitment to fossil fuels as a stabilizing factor in global energy demand for the foreseeable future. During an earnings briefing on Thursday, the company announced an ambitious production…
Shettima Inaugurates MSME Clinics and ICT Hubs in Benue, Eyes 48,000 New Jobs Annually. Vice President Kashim Shettima has inaugurated the Ultra-Modern MSME Clinics Fashion and ICT Hubs in Makurdi, Benue State, with the potential to create approximately 48,000 jobs annually. The inauguration ceremony, held in the state capital, highlighted the federal government’s commitment to…
Lawmakers Assure Port Operators on Swift Renewal of Concession Agreements. The House of Representatives Committee on Privatisation and Commercialisation has assured port operators that it will collaborate with the Minister of Marine and Blue Economy, Adegboyega Oyetola, to expedite the renewal of port concession agreements. This commitment was made during the committee’s recent oversight visit…
Eni’s Geng North Gas Project to Begin Production in 2027, Says Indonesian Regulator. Indonesia anticipates that Eni’s nearly $12 billion Geng North gas project will commence production in late 2027, marking one of the fastest developments in the country’s history. Dwi Soetjipto, the chairperson of Indonesia’s upstream oil and gas regulator, SKK Migas, shared this…
NUPRC Blocks Shell’s $1.3 Billion Onshore Asset Sale to Renaissance Consortium The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has rejected Shell’s proposed $1.3 billion sale of its onshore assets to the Renaissance Consortium, according to sources familiar with the matter. The deal, which required NUPRC’s approval under the Petroleum Industry Act (PIA), would have…
