African Content: A playbook for continental emancipation Africa is a continent with vast potential for economic development, but for far too long, it has been held back by a reliance on the extraction and export of raw materials without adding value locally. This has resulted in a lack of local production capacity and a failure…
Wake up Africa and Smell the Coffee By Ayo Adeniyi In the last few weeks there seems to have been a heightened focus on DR Congo and exploitation of her Colbalt, a key business resource for Telsa, IPhone, Samsung and other battery related products. I have seen a deliberate demonization of the owners of the…
Ikeja Electric Collaborates with NSCDC on Safety of Equipment for Stable Electricity Nigeria’s leading Electricity Distribution Company, Ikeja Electric Plc (IE) as part of her efforts to ensure safety of equipments for stable electricity across its network, has collaborated with the Nigeria Security and Civil Defence Corps (NSCDC). Speaking during a meeting with the Lagos…
German Companies Target Africa for Investment in Green Hydrogen, LNG Companies in Germany are planning to boost their investments in the African continent next year in the areas of green hydrogen and liquefied natural gas (LNG) a survey seen by Reuters on Tuesday has indicated. According to the survey in which members of the German-African…
Finland’s OL3 Nuclear Power Reactor Resumes Test Production Finland’s much-delayed Olkiluoto 3 (OL3) nuclear reactor resumed test production of electricity early on Wednesday after a two-month outage, operator TVO said on its web site, in line with a schedule published late on Tuesday. In a blow to Finland’s energy security this winter, the operator in…
President Buhari Signs N21.83trn 2023 Budget President Muhammadu Buhari has signed the N20.83 trillion 2023 Appropriation Bill into law. The President, during a brief signing ceremony inside the Council Chambers of the Presidential Villa, Abuja, had senior government officials present. President Buhari received the Bill, which was passed by both the Senate and House Representative last week,…
Shell’s History-Making Strides in Nigerian Content Development September 1 2004, was like any other Wednesday in the Niger Delta. But it was strikingly different for one man and his company. The man walked into his office in Port Harcourt and took his seat, and Nigerians rose to their feet to celebrate history. Mr. Basil Omiyi…
Britain Opens Nuclear Fuel Fund to Cut Reliance on Russia Britain said on Monday its 75-million-pound ($90.5 million) fund aimed at helping boost domestic production of nuclear fuel for power plants and cutting reliance on Russian uranium supplies was now open for applications. The fund, announced in July, will award grants to businesses involved in…
Maersk Completes Acquisition of Martin Bencher Group A.P. Moller – Maersk has completed the acquisition of Martin Bencher Group, a Danish project logistics expert with capabilities within non-containerised project logistics and global operations. “With the addition of Martin Bencher, we are strengthening our ability to offer project logistics services to our global clients while providing…
NCDMB Holds Training for Indigenous Contractors Personnel of over 50 indigenous oil and gas contracting firms have completed a two-week intensive course on ‘entrepreneurship skills development and access to finance’ sponsored by the Nigerian Content Development and Monitoring Board (NCDMB). A statement from the board, said the training was held in Port Harcourt, Rivers state,…
