NGA celebrates 25th Anniversary with over Two Decades of Gas Advocacy The Nigerian Gas Association (NGA), Nigeria’s largest gas-focused umbrella association and the most notable advocacy platform for gas industry is proud to announce its 25th-anniversary. As a chartered member of the International Gas Union (IGU), the NGA has been at the forefront of driving…
All On Urges Policy Reforms to Advance Off-Grid Energy in Nigeria All On, the Shell Impact Investment Company, has released a groundbreaking report advocating for significant policy reforms to bolster Nigeria’s off-grid energy sector. The report, titled the 2024 All Off-Grid Energy Report, highlights the potential of off-grid energy solutions to address the country’s electricity…
SEC Director General to Address Nigeria’s Green Economy and Infrastructure Transformation at Oriental News Nigeria Summit Dr. Emomotimi Agama, the Director General of the Securities and Exchange Commission (SEC), will deliver a keynote address on Nigeria’s green economy and infrastructure transformation at the upcoming 3rd National Conference organized by Oriental News Nigeria. The summit, scheduled…
Chevron Nigeria Limited Demonstrates Ongoing Commitment to Environmental Stewardship. In alignment with World Environment Day’s 2024 theme of “Our land. Our future. We are #GenerationRestoration,” Chevron Nigeria Limited (CNL) reaffirms its dedication to environmental sustainability and restoration efforts. As an operator of the joint venture between the Nigerian National Petroleum Company Limited and CNL, the…
Ukraine Targets Russian Oil Refineries in Border Attacks Donetsk, Ukraine – In a recent escalation, suspected Ukrainian drone strikes targeted oil installations in two Russian regions bordering Ukraine on June 6th. This comes as Russia continues its attacks on Ukrainian civilian infrastructure. Refinery Attack in Novoshakhtinsk: A drone strike ignited a fire at an oil…
Nigeria to Spend Nearly $4 Billion on Fuel Subsidies in 2024 Nigeria is projected to allocate 5.4 trillion naira ($3.7 billion) in 2024—50% more than the previous year—to maintain stable petrol prices. Additionally, the country plans to borrow an extra 6.6 trillion naira to address budgetary deficits, according to a draft document reviewed by Reuters…
Nigeria’s Bid to Host Africa Energy Bank Headquarters Gains Momentum Nigeria has emerged as a frontrunner in the race to host the headquarters of the Africa Energy Bank (AEB), as confirmed by a recent validation from a technical inspection team representing the Africa Petroleum Producers’ Organisation (APPO) and the African Export-Import Bank (Afreximbank). Following a…
APPO and Afreximbank Ink Establishment Agreement for Africa Energy Bank; Nigeria, Ghana, and Others Vying for Headquarters In a significant stride towards bolstering Africa’s energy landscape, the African Export-Import Bank (Afreximbank) and the Africa Petroleum Producers’ Organisation (APPO) have formally signed the Establishment Agreement and the Charter of the Africa Energy Bank (AEB). The momentous…
We spent more on social investments in 2023 – Shell, partners Total expenditure on direct social investments by the three Shell companies in Nigeria and their partners in 2023 was $42.2 million, a 23% increase compared to $34.29 million in the previous year. Shell exclusively spent $14.1 million. This was a significant mark-up in efforts…
NCDMB to Implement Changes for Enhanced Nigerian Content Fund The Nigerian Content Development and Monitoring Board (NCDMB) are set to introduce strategic changes aimed at bolstering the Nigerian Content Intervention (NCI) Fund, aiming to amplify its impact and efficiency. Engr. Felix Omotsola Ogbe, the Executive Secretary of NCDMB, disclosed these plans during a quarterly engagement…