Dangote Foundation Donates N15 Billion in Rice to Combat Hunger Across Nigeria The Aliko Dangote Foundation (ADF) has launched a massive food intervention program valued at N15 billion to support vulnerable Nigerians facing economic hardship. The initiative involves distributing over one million 10kg bags of rice across all 774 local government areas in the country….
Dangote Refinery Poised to Slash Africa’s $17 Billion European Oil Imports, Threatening Foreign Refineries Nigeria’s Dangote oil refinery is on track to significantly reduce the annual $17 billion gasoline import bill from Europe to Africa, posing a challenge to European refineries facing increasing competitive pressures. A recent Reuters report indicates that the full operational capacity…
Nigeria’s Oil Exports Rose By 37.5% to N29trn in 2023 Nigeria earned N29 trillion from crude oil export in 2023, rising by 37.45 per cent from N21.1 trillion recorded from the export of the commodity in 2022, according to data released by the National Bureau of Statistics (NBS). The NBS, in its Foreign Trade Statistics…
Misapplication of Local Content Regulations Frustrating Oil Industry Businesses President Bola Tinubu has instructed the Nigerian Content Development Monitoring Board (NCDMB) to ensure that while implementing the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, it should not deter companies from investing in Nigeria or impede the cost competitiveness of oil and gas projects….
African Refiners Praise Dangote, Ghana Refineries for Boosting Energy Security The African Refiners and Distributors Association (ARDA), led by Executive Secretary Anibor Kragha, is praising the recent opening of the Dangote refinery in Nigeria and the Sentuo refinery in Ghana. ARDA believes these facilities will play a critical role in meeting Africa’s growing energy demands….
Akwa Ibom State to Forge Partnership with Indonesia Across Multiple Sectors The Akwa Ibom State Government has sealed a promising partnership deal with the Republic of Indonesia covering various sectors such as the blue economy, electric vehicles, agriculture, aviation, infrastructure, education, technology, and trade. The collaboration was formalized during a courtesy visit by the Indonesian…
All On Doubles Investment in MOPO with £1 Million to Support MOPOMax Expansion All On, a prominent impact investing firm dedicated to scaling up the renewable energy sector in Nigeria, has announced an additional investment of £1 million in MOPO. This brings All On’s total investment in MOPO to £2 million. MOPO is known for…
WIEN Applauds President Tinubu’s Oil and Gas Companies Order 2024 The Women in Energy Network (WIEN), a prominent gender equity advocacy group in Nigeria, has lauded the recent Oil and Gas Companies Order 2024 issued by President Bola Ahmed Tinubu. The executive order, which focuses on tax incentives, exemptions, and remissions, specifically targets the development,…
NNPCL’s Focus is to Deliver Gas into Domestic Market– Kyari At the 2024 edition of CERAWeek by S&P Global holding in Houston, the United States with the theme, ‘Multidimensional Energy Transition: Markets, climate, technology and geopolitics,’ the Group Chief Executive Officer of the Nigerian National Petroleum Company Ltd, Mele Kyari spoke on the ongoing transformation…
Geometric Power CEO Advocates for States to Embrace PPPs for Effective Electricity Distribution Prof. Bart Nnaji, former Minister of Power and current CEO of Geometric Power LTD, has urged state governments in Nigeria to leverage public-private partnerships (PPPs) for the procurement and management of power infrastructure within their jurisdictions. This call to action was made…