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………..by Victor Egbo………The Federal Government has highlighted the huge multiplier impact of the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project on the nation’s economic growth and industrialisation.This was made known during the visit of three cabinet Ministers to the AKK Gas Pipeline Project Site where they inspected the River Kaduna crossing milestone of the project in Kaduna, on Friday.This is coming just ...

…….by Ben Ndubuwa …….. The execution of the Ubeta Field Development Project by TotalEnergies Exploration and Production Nigeria Limited and the Nigerian National Petroleum Company Limited (NNPCL) will create thousands of jobs in the country and catalyse the economy, the Nigerian Content Development and Monitoring Board (NCDMB) said on Thursday. The Executive Secretary of the NCDMB, Engr. Felix Omatsola Ogbe, ...

…As Kyari Lauds FG’s Presidential Executive Order for Fostering Growth in Nigeria’s Oil, Gas Sector……….. In a major step towards boosting Nigeria’s oil and gas production, the NNPC-TotalEnergies JV has officially announced a 550 million USD Final Investment Decision (FID) on the Ubeta Field Development Project. The milestone is in line with President Bola Ahmed Tinubu’s Presidential Executive Order on ...

First Bank of Nigeria Limited has confirmed the appointment of Olusegun Alebiosu as the substantive Managing Director (MD) and Chief Executive Officer (CEO) of the bank. Updating the Nigerian Exchange Group of recent development within the bank, the company’s Secretary, Adewale Arogundade, in a notice on Wednesday, said the appointment of Alebiosu is subject to the approval of the Central ...

…..by Ben Ndubuwa…. Multinational energy corporation Chevron has signed two Risk Service Contracts (RSC) for Block 49 and Block 50, located in the ultra-deep waters of Angola’s Lower Congo Basin. The company – through its Angolan subsidiary Cabinda Gulf Oil Company Limited ­– was initially awarded the concessions by way of Presidential Decree in January 2024. The signing of the ...

………by Ben Ndubuwa……The Nigerian Electricity Regulatory Commission has given approval for an interim arrangement to procure 450 megawatts of electricity from Zungeru Hydro Electricity Generation Company Limited. This was contained in the notice order, NERC/2024/044, signed by the Vice Chairman of NERC, Musiliu Oseni. The commission said that the approval was important to prevent a newly completed Zungeru hydropower plant ...

The HH Group Summit, held at the iconic Transcorp Hilton Hotel in Abuja from June 13 – 16, 2024, drew on the experience of board members of investee companies from sectors where HH invests: These are healthcare, power, energy, technology, financial services, hospitality, and real estate. Also present were trustees of the Group’s philanthropy, the Tony Elumelu Foundation, which catalyses ...

Photo L-R: Roosevelt Ogbonna, FCA, CFA, Managing Director/CEO, Access Bank Group; Adamu Atta, Founder, Fifth Chukker; Uba Sani, Executive Governor, Kaduna; Aigboje Aig-Imoukhuede, CFR, Chairman, Access Holdings Plc, and Paul Usoro, SAN, Chairman, Access Bank Group, at the 2024 Access Bank UNICEF Charity Shield Polo Tournament held in Kaduna …Saturday. Access Bank PLC, one of Africa’s leading financial institutions, has ...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has offered another opportunity to investors by extending the 2024 licensing bid round registration by 10 days. Gbenga Komolafe, Commission Chief Executive Officer, who disclosed this in Abuja on Tuesday, said the extension is to allow interested investors to take advantage of the expanded opportunities. He explained that in pursuit of the commission’s ...

Asharami Synergy Limited, a Sahara Group downstream company in Nigeria has attributed its sterling performance in the aviation fuel market to the firm’s commitment to safety, technology driven solutions and environmental sustainability. Speaking in Vienna, Austria, at the IATA Aviation Energy Forum, Foluso Sobanjo, Head, Downstream Africa, Sahara Group,disclosed that Asharami Synergy had a pedigree of exceptional performance in the ...