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……by Victor Egbo……. The Minister of Power, Chief Adebayo Adelabu, has pledged that the federal government is doing that is possible to ensure Nigerians enjoy uninterrupted power supply in the nearest future. According to him, the ongoing reforms and transformation in the sector, would pave way for the regular electricity supply under the current administration. Adelabu,who disclosed thid after observing ...

…………Expands Plant To 5.3 Billion Litres and Offsets $2.4 Billion out of $5.5 Billion loan…… … Lauds Afreximbank and Nigeria’s Access Bank for supporting the project…. …….by Ben Ndubuwa…….Last week in the Bahamas, Aliko Dangote, President Dangote Group explained how international oil companies tried to frustrate his refinery project by denying him access to their crude because they did not ...

The National Bureau of Statistics disclosed in its latest data has disclosed that the Nigerian inflation rate has hit all time high of 33.95 percent in May 2024, moving to 40 percent if the government do not curb the rising trend This represents an increase of 0.26% points when compared to the April 2024 headline inflation rate, according to the ...

…reiterates commitment to delivering Train 7 benefits to Nigerians Nigeria LNG Limited (NLNG) has reaffirmed its commitment to delivering economic benefits through the Train 7 project on Bonny Island. Speaking at a reconvened session of the Senate and House of Representatives’ Joint Committee on Gas (the Committee), officials of the Company provided necessary information and clarifications to address issues raised ...

………..by Ben Ndubuwa…..As the federal government plans to include the seven deep offshore blocks from the 2022 Mini-Bid Round Exercise to the 2024 oil licensing round there are strong indication this plan may have arose the interest of the International Oil Companies (IOCs) to further invest more in Nigeria deep offshore instead of divesting their entire assets in Nigeria. Executive ...

…………..by Ben Ndubuwa…………. The Nigeria Liquefied Natural Gas Limited (NLNG) has in the past 35 years blistered the path way in buoying the Nigerian economy and has indeed been a global competitive LNG company, helping to build and develop the oil and gas industry in particular. It was incorporated as a Limited Liability Company on May 17, 1989, to harness ...

Photo : L-R, Commissioner II, Lagos State Health Service Commission (HSC), Dr. Mobolaji Olukoya; Director of Nursing Services, Lagos State HSC, Dr. Adebukola Cole; CEO, Egbin Power, Mokhtar Bounour; Director, Governance and Sustainability, Sahara Group Foundation, Ejiro Gray; Ag. Chief Medical Director, General Hospital Ijede, Dr. Olumuyiwa Balogun-Oluwa and Director, Medical Services, Health Service Commission, Dr. Adegbite Olawale, during the ...

….Signs PDA on 400-500mmscf Gas Deal, Eyes FID before Dec 2024 Ending In furtherance of its commitment to monetize Nigeria’s vast natural gas resources, the NNPC Limited has executed a Project Development Agreement (PDA) with Golar LNG for the deployment of a Floating Liquefied Natural Gas (LNG) offshore Niger Delta, Nigeria.The signing ceremony, which took place on Monday 10th June ...

Oil prices rose on Monday, buoyed by hopes of rising fuel demand this summer, though gains were capped by a strengthening of the dollar on receding expectations of imminent cuts to U.S. interest rates.According to Reuters, Goldman Sachs analysts expect Brent to rise to $86 a barrel in third quarter, saying in a report that solid summer transport demand will ...

Savannah Energy PLC, the British independent energy company focused around the delivery of Projects thatMatter, is pleased to announce its audited results for the year ended 31 December 2023. The results show that its average gross daily production was 23.6 Kboepd, broadly in line with FY 2022 production on a like-for-like basis when adjusted for a planned maintenance programme. The ...