Transcorp Power Reveals 18% of Income from West African Countries, Lists 7.5 Billion Shares on NGX Transcorp Power, a prominent gas-fired power generation firm in Nigeria, has taken a significant stride by listing its shares on the Nigerian Exchange (NGX), thereby opening up ownership to the public. This move has sparked considerable investor interest, propelling…
Pecan Energies Undergoes Rebranding, Commits to Unlock Prosperity for Africa Pecan Energies, formerly known as Aker Energy, has completed its rebranding, marking the beginning of a new era dedicated to fostering prosperity and enabling growth for African communities. Here are the key highlights of the rebranding: New Identity: The company has adopted a fresh name,…
NLNG Issues Clarification on LPG Supply to Domestic Market Nigeria LNG Limited (NLNG), a major player in the liquefied petroleum gas (LPG) industry, has released a statement to address misconceptions surrounding its LPG production and distribution operations. The clarification aims to provide accurate information to stakeholders and the public regarding NLNG’s role in the domestic…
The Role of Gas in Advancing Africa’s Industrialization – NLNG’s Perspective Nigeria LNG Limited (NLNG) has emphasized the crucial role of clean energy, particularly gas, in propelling Africa’s industrialization forward. With a youthful population, abundant natural resources, and emerging internal markets, the continent stands on the brink of significant growth, provided it can harness the…
NUPRC Unveils Regulatory Framework for Asset Divestment in Oil and Gas Sector The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has released the terms and conditions necessary for asset divestment, outlining the commission’s role and the due diligence processes that exiting International Oil Companies (IOCs) must adhere to for approval by the commission. As mandated by…
NITDA DG Urges Extensive ICT Investment to Ensure Inclusive Digital Access In a proactive move aimed at promoting inclusive access to digital infrastructure and services, Mallam Kashifu Abdullahi, the director-general of the National Information Technology Development Agency (NITDA), emphasized the importance of substantial investment in information and communication technology (ICT). The objective is to strengthen…
Labour has gone on strike four times within my nine months in government – Tinubu President Bola Tinubu yesterday threw jabs at the Nigeria Labour Congress (NLC) over its series of industrial actions, saying “calling four strikes against his administration that is barely nine months is unacceptable.” The president, who stated this at the official…
Mozambique Needs 100 Million Dollars for Rail Electrification The Mozambican government requires approximately $100 million to execute the pilot rail electrification project, stretching from Maputo city to the South African border at Ressano Garcia, covering a distance of 88 kilometers. Transport Minister Mateus Magala, addressing reporters in Maputo after a meeting with Dutch ambassador…
TotalEnergies Clinches ‘Upstream Company of the Year’ Award at 2024 NIES, Reinforcing Commitment to Sustainability and Growth in Nigeria TotalEnergies, a multinational energy company, has been honored with the prestigious title of “Upstream Company of the Year (2023)” at the ongoing Nigeria International Energy Summit (NIES) in Abuja. This notable recognition was announced during the…
Niger Delta Women Protest Shell’s On-Shore Asset Sale, Demand Environmental Cleanup Women from the Niger Delta region staged a peaceful protest against Shell’s unilateral decision to sell its onshore assets, neglecting the communities that have borne the brunt of decades of environmental degradation due to their operations. Organized by the Kebetkache Women Development & Resource…
