Damage to Electricity Infrastructure, Ikeja Electric Cautions against Reckless Driving In a continued effort to ensure safety and protection of electricity infrastructure in its coverage area, Ikeja Electric Plc has cautioned commuters against reckless driving occasioning damage to its electricity assets; which consequently leads to total blackout in some communities within its network. The Head…
Qatar Signs Deal To Supply Gas To China For 27 Years Saad al-Kaabi, the CEO of QatarEnergy, told Reporters on Monday that the company inked the longest-ever liquefied natural gas (LNG) sales and buy agreement with Sinopec of China, lasting 27 years. Just before the contract was signed, Kaabi gave an interview in Doha and…
Finance Minister Commissions Three Mobile Scanners at Apapa Port The Minister of Finance, Budget and National Planning, Zainab Ahmed on Tuesday commissioned three newly installed mobile scanners to boost operations of the Nigeria Customs Service (NCS). Speaking at the event, Ahmed disclosed that 120 Customs officers have been trained to operate the scanning machines, adding…
Nigeria: NNPCL Boss Alleges Government, Security Officials Involvement In Crude Oil Theft The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Ltd (NNPCL), Mele Kyari has accused the Nigerian Government and security officials of conniving with oil thieves to steal Nigeria’s crude oil. Kyari, who spoke on Newsnight, a pre-recorded programme on…
Nigeria Drops to Seventh Place on OPEC Production List OPEC’s Monthly Oil Market Report for November which examined oil production performance in October, revealed that Nigeria’s output was 1.014 million barrels per day in October, ranking seventh after Saudi Arabia, United Arab Emirates, Kuwait, Iraq, Angola and Algeria. While Angola produced 1. 051mb/d, Algeria produced…
Oil price unshaken as Russian price-cap talks drag, demand lags Oil prices remained stable as the European Union considered a higher-than-expected price cap on Russian crude and evidence of demand challenges grew. Brent Crude, the international benchmark, traded 0.49% higher at $85.76 per barrel as of the time of writing this report, according to…
Emissions to rise by 11% by 2030, says BCG, amid slow progress on decarbonisation goals Boston Consulting Group (BCG) revealed in its Post-COP27 report that the failure of stakeholders at COP27 to increase ambitions and close the policy gap makes it unlikely to limit global emissions by 45% within now and 2030, rather emissions…
Nigerian welders actively engaged on Trans-Sahara gas pipeline project – Welding Institute The Nigerian Institute of Welders (NIW) has stated that its members are actively engaged on the Trans Sahara Gas Pipeline Project (TSGPP), contrary to claims made by some media reports. According to a statement by NIW obtained by our correspondent titled “Setting…
JP Morgan expert decries high cost, low return renewables investment The Global Head of Commodities Research in the Global Investment Research Division of renowned Investment Bank Goldman Sachs, Mr Jeff Currie has lamented the low return on investment of renewable energy sources in the past 10 years. According to a report by Climate Depot,…
SERAP demands Buhari intervention as 133 million Nigerians certified poor The Socio-Economic Rights and Accountability Project (SERAP) has called on President Buhari to set up a panel to audit the social intervention projects between 2015 and 2022 amidst the announcement by the National Bureau of Statistics that 133 million Nigerians now live below poverty…
