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…Becomes First West African Bank in Asian Country……. The Access Bank UK Limited is proud to announce the official opening of its Hong Kong branch (a restricted licence bank) today.This expansion represents a key milestone in the bank’s global growth strategy and underscores our commitment to serving clients in the Asia-Pacific region. The launch of the Hong Kong branch establishes ...

The Transmission Company of Nigeria (TCN) has reported a disturbance in the national grid that occurred at approximately 11:29 AM, triggered by a sudden spike in frequency from 50.33Hz to 51.44Hz. Ndidi Mba spokesperson of TCN say immediate recovery measures were taken, with the Abuja Axis restored quickly, although further restoration efforts are ongoing. The frequency increase was traced to ...

…..As Dispute Escalates Over Alleged Substandard Fuel Imports in Nigeria….. The controversy surrounding the alleged importation of substandard petroleum products into Nigeria intensified on Thursday, with key oil marketers vehemently denying claims made by Dangote Refinery. The refinery’s accusations have raised concerns about the quality of imported petrol in the wake of the deregulation of Nigeria’s downstream oil sector. Dangote ...

The Nigerian National Petroleum Company Limited (NNPC Ltd) says it does not deal in adulterated products, as it adheres to rigorous standards and quality control measures at every stage in its operations to ensure that only high quality, safe, and reliable petroleum products are available at its retail stations nationwide. The Company said this while refuting claims that fake and ...

The Shell Petroleum Development Company of Nigeria Limited (SPDC JV) – Operator of the NNPC Limited, SPDC, TotalEnergies and Nigerian Agip Oil Company Joint Venture– has, announced the donation of US$1 million to support efforts to provide relief to over half a million people displaced in flood impacted communities of Borno State. “The donation will go into the procurement and ...

As part of the strategies to increase Nigeria’s crude oil production and enhance revenueaccruing to the national treasury, the Nigerian Content Development and MonitoringBoard (NCDMB) has advocated for a week in each year to be dedicated to signing finalinvestment decisions (FIDs) on new oil and gas projects.The Executive Secretary, NCDMB, Engr. Felix Omatsola Ogbe made the proposal onTuesday in his ...

Asset Management Corporation of Nigeria (AMCON), said its attention has been drawn to a publication in the media regarding pending litigation between it and Heyden Petroleum Limited. AMCON hereby notify the general public that the agency and Heyden Petroleum Limited have settled all issues between them amicably, and Heyden Petroleum Limited has demonstrated commitment to meeting their obligations and has ...

Oando Plc has been awarded the prestigious ‘Deal of the Year’ award at the Africa Energy Week, following the company’s successful $783million acquisition of Nigerian Agip Oil Company, NAOC, a significant milestone in its 30-year history. NAOC is the second IOC acquisition by Oando in the past decade, a major step in the company’s strategic plan to strengthen its operational ...

The Nigerian National Petroleum Company (NNPC) Ltd has called for more collaboration and transparency among parties in the global energy industry’s quest to phase out carbon emissions across the oil and gas valuechain and achieve net-zero by 2050. Group CEO NNPC Ltd, Mele Kyari made this call while speaking at a Strategic Panel Session titled “Decarbonising Operations across Upstream, Midstream ...

To contribute to the public debate on the energy transition, TotalEnergies is publishing the 6th edition of its “TotalEnergies Energy Outlook”, which presents three scenarios for the possible evolution of the demand and the global energy system up to 2050. This year, in addition to the Momentum and Rupture scenarios presented in previous editions of its Energy Outlook, TotalEnergies has ...