Minister anticipates 2 million barrels per day crude oil production in 2024 The Minister of State for Petroleum Resources, Heineken Lokpobiri has said that he anticipates a crude oil production of 2 million barrels per day in 2024. According to a January 2 Arise News report, the Minister said that during the year, the country…
MAN anticipates tough start for manufacturing sector in 2024 The Manufacturers Association of Nigeria (MAN) has projected a tough start to 2024 for the manufacturing sector but expects improvements towards the third quarter. The Director General of the group Mr. Segun Ajayi-Kadir stated this during an interview with the News Agency of Nigeria (NAN) on…
Oil Rises on Inventory Draw Crude oil prices moved higher today after the Energy Information Administration reported an estimated inventory decline of 6.9 million barrels for the week to December 22. This compared with a sizeable build in crude oil stocks for the previous week, at 2.9 million barrels. A day earlier, the American Petroleum…
11 Tips to Increase Household Energy Efficiency …Simple actions like turning off lights, adjusting the thermostat, and using energy-efficient appliances can lower our energy consumption Energy is important in our daily life, and how to efficiently utilize and store energy is a hot topic recently. This not only provides financial advantages, helping us save money…
Nigeria Earmarks N337bn for Power Projects in 2024 Federal Government of Nigeria consecrates N336.878 billion for capital projects in the power sector for the 2024 fiscal year. In the 2024 Appropriation Bill presented to the National Assembly, the Federal Government is proposing total allocation of N344.097 billion to the Ministry of Power, out of which…
Nigeria Budgets N44bn for Capital Projects in Oil Sector in 2024 The Federal Government has allocated N44.173 billion to the Ministry of Petroleum Resources for the 2024 fiscal year. However, 76.74 per cent of the total allocation to the petroleum ministry was earmarked for personnel cost, while 9.95 per cent of the total was budgeted…
Seplat Energy is LaPRIGA’s Reputable Brand of the Year Seplat Energy Plc, a leading Nigerian independent energy company listed on the Nigerian Exchange Limited and the London Stock Exchange, has been named ‘Reputable Brand of the Year’ at the Lagos PR Industry Gala & Awards (LaPRIGA) 2023 organised by the Lagos State Chapter of the…
GOCOP Felicitates as Former Minister of Petroleum Aid, Horatius Egua, Appointment Director, Special Duties of NCAA Nigeria: The Guild of Corporate Online Publishers (GOCOP) has felicitated Mr. Horatius Egua over his appointment as Director, Special Duties at the Nigeria Civil Aviation Authority (NCAA). Mr. Egua, a pioneer member and Zonal Coordinator, North-East of GOCOP, was…
Power: Cross River Signs MoU for 1GW Solar Plant The Cross River State Government says it has signed a memorandum of understanding for the establishment of a 1Gigawatt solar photovoltaic manufacturing plant in the state. The plant, according to the Cross River State Commissioner for Information, Mr. Erasmus Ekpang, will be located at the Free…
Petrobras says Carmo Energy Fails to Make Payment for Oil Assets Brazil’s Petrobras said on Tuesday that Carmo Energy has not fulfilled contractual obligations related to its purchase of the onshore Polo Carmopolis area from the state-run oil giant. Petrobras, which had agreed to sell its stake in the asset to Grupo Cobra-backed Carmo Energy…
