Daniel Terungwa Angola plans to start a partial disposal of national oil company Sonangol and diamond firm Endiama by the end of 2021 or early 2022, possibly through initial public offerings. According to the country’s Finance Minister Vera Daves de Sousa, the sale is part of a push by Africa’s second-biggest oil producer to raise…
Ikeja Electric Plc (IE), Nigeria’s biggest Electricity Distribution Company has been adjudged the 2020 Philanthropic Electricity Distribution Company of the Year, at an Award Ceremony organized by CSR Reporters, a specialized news publication with concentration on how organizations and well-meaning individuals are giving back to the society, a release by the distribution company has said. According…
By Ikenna Omeje President Buhari has directed the Ministry of Petroleum Resources, Department of Petroleum Resources (DPR), the Nigerian National Petroleum Corporation (NNPC), as well as all relevant Government Agencies to provide Waltersmith Petrochemical Company all the necessary support to access crude oil and condensate feedstock for the timely delivery of additional 45,000 barrels per…
By Ikenna Omeje Despite Nigeria being the largest economy in Africa, the country has continued to face the challenge of epileptic power supply, which has in no small measure affected growth of businesses, particularly, small and medium scale businesses. The African giant currently has installed electricity generation capacity of a little above 13,000 megawatts (13…
By Mordi Chukwunonso Esther The President, Major General Muhammadu Buhari (retd.), has said the realisation of the refinery roadmap that was rolled out two years ago will help Nigeria to export petroleum products to neighbouring countries and other markets. Buhari disclosed this on Tuesday at the inauguration of the 5,000 barrels-per-day Waltersmith Modular Refinery and…
By Mordi chukwunonso Esther The Department of Petroleum Resources, DPR, revealed plans to automate and commence remote monitoring, registration and accreditation of petroleum products depots and retail outlets and the entire downstream oil and gas industry, with the launch of the newly established Downstream Remote Monitoring Systems (DRMS). This was disclosed by Head, Public Affairs…
By Mordi chukwunonso Esther Total Nigeria Plc has expressed concerns over the continuous drop in investment in the Nigerian oil and gas industry despite the country’s huge hydrocarbon deposits. The managing Director of Total Nigeria, Mr. Mike Sangster, Speaking at a management session during the recently held 38th edition of the international conference and exhibition…
By Margaret Nongo-Okojokwu The Nigerian Content Development and Monitoring Board (NCDMB) has entered a partnership with Enactus Nigeria for the implementation of its local content development program – the Nigerian Content Science and Technology Innovation Challenge (STIC). The Nigerian Content STIC is an enterprise development program designed to challenge students of all accredited Nigerian…
Nigeria plans to introduce a policy for government to buy only locally assembled cars in a bid to increase the competitiveness of the country’s auto manufacturing industry. This is after the proposal to reverse an automotive policy that increased duties and levies on imported transport vehicles and trucks to make locally made cars more attractive….
Daniel Terungwa There was a failed attempt by an armed group to break into the Tripoli headquarters of Libya’s National Oil Corporation on Nov. 23 as the state-owned company finds itself in a dispute over oil revenues with the country’s central bank. The incident comes a few days after Libyan oil production was hovering around…