Revolutionizing Africa’s Maritime Industry through Digital Transformation of the Seas Streamlining Trade with Digital Solutions-ODeX’s Impact on Africa’s Maritime Sector Liji Nowal, the CEO of ODeX, is leading a transformation in Africa’s shipping industry by redefining the role of digital documentation in maritime trade. ODeX is at the forefront of this change, aiming to streamline…
Government Assures Non-Interference in Selection of New NEITI Board The federal government has assured the global Extractive Industries Transparency Initiative (EITI) that there will be no political interference in the selection of the next governing board for the Nigerian branch, the Nigeria Extractive Industries Transparency Initiative (NEITI). This governing board, also known as the National…
House of Representatives Takes Steps to Fulfill Mandate-Empowering NEITI Nigeria’s House of Representatives has announced that, as part of its legislative agenda, it has garnered the partnership, support, and commitment of over 70 lawmakers as co-sponsors for critical bills aimed at reviewing certain provisions of the Nigeria Extractive Industry Transparency Initiative (NEITI) Act. The move…
Sabotage Confirmed as Cause of Recent Shell Pipeline Oil Spill in Nigeria, NOSDRA Reports PORT HARCOURT, Nigeria – In a significant development, Nigerian authorities have officially confirmed that the recent oil spill at a Shell Petroleum Development Company (SPDC) pipeline in the Obolo-Ebubu community, Eleme, is a result of sabotage. Mr. Ime Ekanem, Zonal Director…
Iran-Russia 20-Year Agreement: Reshaping Global Dynamics in Energy and Security In a groundbreaking move, Iran’s Supreme Leader Ali Khamenei officially endorsed a comprehensive 20-year cooperation agreement with Russia on January 18, 2024. This transformative deal, officially named “The Treaty on the Basis of Mutual Relations and Principles of Cooperation between Iran and Russia,” expands upon…
Heirs Energies Celebrates Three Years of Success Africa’s Foremost Indigenous-Owned Integrated Energy Company, established in January 2021 by Chairman Tony O. Elumelu, Heirs Energies, marked its three-year anniversary with a celebration of its notable achievements and unwavering commitment to shaping Nigeria’s sustainable energy future. Within a short span, the company has emerged as Africa’s largest…
Oil Prices Soar Amid Escalating Geopolitical Tensions: WTI Records a Sharp 2.6% Jump Oil prices jumped on Wednesday as geopolitical tensions in the Middle East and Eastern Europe outweighed concerns about weakening demand and slowing economic growth. West Texas Intermediate (WTI), the benchmark U.S. crude oil price, climbed over 2.3% to settle at $75.31 per…
Lekki Deep Sea Port Welcomes Largest Container Ship on Nigerian Waters, a 13,092 TEUs Vessel The berthing of the Maersk Edirne, a container ship with a capacity of 13,092 TEUs, at Lekki Port in Nigeria marks a significant milestone. Lekki Port, known as Nigeria’s deepest seaport, welcomed the largest container ship ever to dock in…
Cooking Gas Prices Bite Deeper: 8.7% Increase in a Year, Burdening Nigerian Homes Cooking gas prices in Nigeria have recently surged, as indicated by the latest report from the National Bureau of Statistics (NBS). The average cost of a 5kg cylinder has escalated by 8.7% within just one year, reaching N4,962.87 compared to N4,565.56 in…
NUPRC and Police Collaborate to Combat Oil Theft in Nigeria The fight against oil theft in Nigeria is intensifying as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Police Force forge a strategic alliance. Gbenga Komolafe, the Chief Executive Officer of NUPRC, held discussions with the Inspector General of Police, Kayode Egbetokun, at…
