Heirs Energies Drives African Entrepreneurship …Invests $10 million in 2,000 Startups Heirs Energies said sustainable energy development must be matched by sustained investment in people and enterprise. Chairman of Heirs Energies, Mr. Tony Elumelu, has consistently emphasized that “Africa’s future will be built by Africans who create businesses, generate jobs and drive economic transformation across…
Dangote Refinery has sold 12 Cargoes Totaling 456KT to Cote d’Ivoire, Cameroon, Tanzania, Ghana and Togo The Dangote Petroleum Refinery has strengthened Nigeria’s presence in the regional energy market with the successful sales of 12 cargoes, by traders, totaling 456,000 tonnes (456KT) of refined petroleum products. The shipments by traders, destined for countries such as…
MEMAN says Heightened Uncertainty in Global Oil Markets shows Concerns over Supply Disruptions at Strait of Hormuz MEMAN, in collaboration with S&P Global Energy, hosted a virtual webinar to examine how ongoing geopolitical tensions are affecting global refined product markets and shaping the resilience of West Africa’s downstream sector. The session combined global market insights…
350.org warns Climate Crisis Could Worsen Global Energy, Hunger Emergency Climate advocacy group 350.org has reacted to the latest report by the World Meteorological Organization, warning that the worsening climate crisis could intensify the humanitarian and energy challenges already aggravated by rising oil and gas prices linked to the Iran conflict. In its newly released State of the…
REA Releases N3.2bn for Solar Mini-Grid Rollout in Bauchi The Rural Electrification Agency has disbursed a fresh N3.2 billion to Zanoplus for the deployment of solar mini-grid projects in key communities across Bauchi State. The funding is part of ongoing efforts to expand decentralised energy access and follows an earlier N7.4 billion disbursement to Ventura…
Dangote Refinery Exports 456,000 Tonnes of Fuel to Five African Countries The Dangote Petroleum Refinery has expanded its footprint across Africa with the export of 12 cargoes of refined petroleum products, totalling 456,000 tonnes, to five countries as concerns grow over fuel supply disruptions linked to tensions in the Middle East. The PUNCH gathered on…
NCDMB Boss Upbeat about Radisson Hotel, Yenagoa, as SA’s Edison Corporation Promises World-class Services The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, has expressed confidence that the five-star Radisson Hotel and Conference Centre, Yenagoa, Bayelsa State, would be completed and commissioned in December 2026, just as South…
NUPRC Reassures Rivers Community Over Gas Bubbling Incident The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reassured residents of Bille Community in Rivers State of its commitment to addressing the ongoing gas bubbling incident in the area, amid growing concerns over safety and environmental impact. In a press statement on Thursday signed by Oritsemeyiwa Eyesan…
Shippers’ Council Calls for Dialogue as Freight Forwarders Picket MSC Over Tariff Hike The Nigerian Shippers’ Council has urged freight forwarders to embrace dialogue in resolving disputes following the picketing of the offices of Mediterranean Shipping Company (MSC) over a recent increase in shipping tariffs. According to a statement, the Executive Secretary/Chief Executive Officer of…
EFCC Hands Over N3.9bn Recovered Funds to NNPCL The Economic and Financial Crimes Commission (EFCC), in a press statement issued on Thursday, announced the handover of N3,936,145,822 in recovered funds to the Nigerian National Petroleum Company Limited (NNPCL). According to the statement, the funds were presented at a brief ceremony at the EFCC headquarters in…