SHIN Seeks NCDMB Support for Oil Industry Projects, Plans Expansion into Renewables In a strategic move to bolster its operations and diversify its portfolio, Samsung Heavy Industries Nigeria (SHIN) has secured assurances of support from the Nigerian Content Development and Monitoring Board (NCDMB) for its ongoing and future oil industry projects. This development followed a…
African nations should embrace nuclear to transit from energy poverty to sufficient, affordable, sustainable, environmentally friendly mix — Rosatom CEO Ryan Collyer, who joined Rosatom Africa in October 2014 as the company’s Communications Manager has moved through the roles of Communications Director and Deputy Chief Executive Officer, DCEO to become the CEO of Rosatom Central…
Axxela’s Gasnexus and NGML Partner to Build Mini-LNG Plant for Stranded Industries in Northern Nigeria – Gasnexus, a subsidiary of Axxela, in partnership with NNPC Gas Marketing Limited (NGML), has announced the groundbreaking of a small-scale Liquefied Natural Gas (LNG) plant in Ajaokuta, Kogi State. This strategic project, themed “From Gas to Prosperity: Catalysing Nigeria’s…
The Nigeria Prizes For Science and Literature Spotlight AI, Digital Innovation, and Prose Literature in 2025 Edition The Nigeria Prize for Science and The Nigeria Prize for Literature have officially opened submissions for their 2025 editions, with a strong focus on innovations that can drive national and global development. This year, the Science Prize seeks…
Suspected Fraudsters Disguised as Assassins Attempt to Defraud Journalist …Demand N20 Million as ‘Saving Grace’ In a shocking turn of events, suspected fraudsters posing as assassins have threatened the life of Dimeji Kayode-Adedeji, Founder of Penpushing Media, demanding N20 million to spare him. The criminals, led by an individual identifying himself as Femi Poly, contacted…
Access Bank Appoints Uche Orji as Independent Non-Executive Director Access Holdings Plc has announced the appointment of Mr. Uche Orji as an Independent Non-Executive Director of its flagship subsidiary, Access Bank Plc, effective January 7, 2025. This appointment follows the approval of the Central Bank of Nigeria (CBN) and underscores the Bank’s commitment to strengthening…
CISLAC Applauds Lake Chad Basin Governors’ Forum, Calls for Stronger Regional Unity The Civil Society Legislative Advocacy Centre (CISLAC) has lauded the successful hosting of the Fifth Lake Chad Basin Governors’ Forum in Maiduguri, Nigeria, commending the appointment of Governor Mai Mala Buni as the new Chairman of the Forum. In a statement signed by…
Dangote Refinery Slashes Ex-depot Price of Petrol to N890 In a strategic move aimed at providing economic relief to Nigerians, Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890. This price adjustment takes effect from Saturday, signaling a proactive response…
Oando Reports 45% Revenue Growth, Hits N4.1 Trillion in FY 2024 Oando Achieves N4.1 Trillion Revenue and N65.5 Billion Profit-After-Tax in FY 2024 Oando PLC, Africa’s leading integrated energy company listed on both the Nigerian Exchange Group (NGX) and Johannesburg Stock Exchange (JSE), has announced an impressive 45% growth in revenue, reaching N4.1 trillion for…
Axxela Secures Gas Distribution Licenses for Lagos and Port Harcourt Clusters to Boost Domestic Natural Gas Utilisation Lagos, Nigeria — January 28, 2025 — Axxela Limited, a leading gas and power portfolio company in sub-Saharan Africa, has been awarded gas distribution licenses for its subsidiaries, Gaslink Nigeria Limited and Central Horizon Gas Company Limited. The…