Mordi chukwunonso EstherShell, in supporting the fight against the COVID-19 pandemic, has made a $10 million donation to COVAX, the global initiative to make vaccines more widely available. The UN Secretary-General, António Guterres, had called for a global effort to get all people in every nation vaccinated as soon as possible. “No one is safe unless everyone…
Leading energy company, The Shell Petroleum Development Company of Nigeria Limited (SPDC), has restated commitment to support the Federal Government of Nigeria’s goal of using the country’s proven gas reserves to trigger economic activities for gas-based industrialization. SPDC’s Managing Director and Country Chairman of Shell Companies in Nigeria, Mr. Osagie Okunbor, said Shell’s support is…
Viviane Mike-Eze is the Head of Marketing Communications for Schneider Electric, covering Anglophone West Africa. A French and Nigerian national, she has built an international career over the past 10 years across France, Nigeria, the UK and Mexico in the fields of HR, training and marketing.She joined Schneider Electric in 2012 and was moved to…
By Ikenna Omeje, Emeka Eboagwu and Jerome Onoja In 2020, the global economy was brought to its knees as a result of lockdowns and restriction of movement put in place by various countries being part of measures to reduce the spread of the novel coronavirus (Covid-19). The oil and gas industry, which thrives on economic…
The Nigerian Content Development and Monitoring Board (NCDMB) on Wednesday inaugurated 40 companies as part of its Project 100 Supplier Development Programme. The Board started Project 100 in January 2019 with 60 companies with the goal of nurturing 100 wholly owned oil and gas service providers, in a competitive and sustainable way through targeted interventions,…
By Ikenna Omeje Nigeria is fast moving from an oil driven market to a gas-enabled market, with an emerging renewable sector, the Chief Executive Officer (CEO) of Seplat Petroleum Development Company, Mr. Roger Brown, has said. Brown who said this at the 4th Nigeria Entrepreneurship Summit and Honours (NESH) Oil and Gas Roundtable, noted that oil…
Mordi chukwunonso Esther The Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) has expressed concern over the safety of Ogboinbiri community in Southern Ijaw Local Government Area of Bayelsa State where the natives are daily exposed to gas flaring from a flow station in the area operated by Nigerian Agip Oil Company (NAOC). Therefore, it…
By Ikenna Omeje Following a major plant failure that occurred in 2017, leading to suspension of operations, the Kaduna Refinery & Petrochemical Company (KRPC) is expected to resume operations by the first quarter of 2023. The Managing Director of KRPC, Engr. Ezekiel Osarolube who disclosed this on Monday when the National Assembly Joint Committee on…
Mordi chukwunonso Esther Electric-car maker Fisker Inc has said it will work with Apple supplier Foxconn to produce more than 250,000 vehicles a year from late 2023, jumpstarting its shares. Fisker’s shares jumped 23.4% to $20.10 in premarket trading. In a report by Reuters on Wednesday, Fisher said, The deal, codenamed “Project PEAR” (Personal Electric…
Daniel Terungwa The Minister of Mines and Steel Development, Arc. Olamilekan Adegbite, has stated that Nigeria has one of the lowest gold export royalty in the world. Adegbite noted that the royalty fee accruable to the government from gold export was merely three per cent of the value of the export, adding that the low…
