Dangote Cement Soars By 9.98% as Otedola Share Acquisition Drives Investor Interest The announcement of Femi Otedola’s acquisition of shares in Dangote Cement Plc has sparked heightened investor interest, resulting in a notable uptick in Dangote Cement’s shares. Market data indicates that there was increased demand for Dangote shares with very little sale, thus…
Nigeria to Spend $3.1trn on Renewable Energy. Nigeria has announced a $3.1 trillion investment plan in the nation’s transition from fossil fuels to cleaner and renewable energy sources. This was disclosed by the Minister of State for Petroleum Resources (Oil) Dr Heineken Lokpobiri at the 54th Annual Meeting of the World Economic Forum, signaling a…
Oil Spill: NOSDRA Stakeholders Visit Foropa Coastline in Bayelsa Stakeholders led by the National Oil Spills Detection and Response Agency (NOSDRA) have visited Foropa, a fishing settlement along the Atlantic coastline in Bayelsa to assess the impact mystery spill reported on Jan. 3. The mystery spills refer to crude oil leaks from unknown sources where…
NERC Mandates Discos to Spend N275 Billion on Electricity Meters in Four Years The Nigeria Electricity Regulatory Commission (NERC) has mandated eleven (11) electricity distribution companies to spend a total of N275 billion on electricity meters between 2024 and 2027. This is according to the Multi-Year Tariff Order from the NERC to all discos across…
Global Black Impact Summit (GBIS) 2024: Enabling Black-Owned Businesses to go Global The upcoming Global Black Impact Summit, which is organized by Energy Capital & Power, will explore best practices for Black-owned brands and businesses to find success in the global market place. Black-owned businesses have emerged as integral players in the global economy, able…
Explore a Network of Opportunities at SAIPEC 2024 Opening next month, PETAN’s 8th Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) is a world-class energy event offering direct access to Africa’s stakeholders and key energy players across the continent. Its full and varied programme, guided by an esteemed steering committee, will stretch across three days…
Alake Harps on Nigeria’s Commitment to Safe Mining of Solid Minerals The federal government says it remains committed to securing solid minerals’ mining areas, streamlining operations, and ensuring that mining practices align with global standards with no environmental harm. The Minister of Solid Minerals Development, Dr. Dele Alake, who gave the assurance said he was…
AEDC, Others Partner to Deliver Uninterrupted Power Solution in Abuja. The Abuja Electricity Distribution Plc, AEDC, has signed a tripartite agreement with Daybreak Power Solutions Limited and Wood Factory Limited, to pioneer the delivery of its first grid-connected and solar hybrid power solutions for commercial and industrial customers within its franchise area. This comes on…
Kyari Advocates Academia-Industry Collaboration for Energy Sufficiency, Sustainability The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mr. Mele Kyari has called for collaboration between the academia and the Oil & Gas Industry towards addressing the challenges of energy sufficiency and sustainability. Kyari made this call while speaking as a…
Minister for Gas Reveals FG’s Plan to Launch Hydrogen Gas Production The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has said that Nigeria is set to launch a road map for its hydrogen gas production project; a move he said would ensure energy security for the country. Ekpo said the project is also…