The Lagos Bus Services Ltd. (LBSL) has introduced a policy aimed at reducing the carbon footprint of its mass transit system to ensure a greener and more sustainable future. This announcement was made by Mr. Idowu Oguntona, the Managing Director/Chief…
Bringing Finance to African Energy Projects: African Energy Chamber (AEC) to Host Energy Players in Europe’s Financial Capital
Global investment in upstream oil and gas is set to reach $570 billion in 2024, showing a 7% rise compared to 2023 expenditure. Of this, 33% is expected to be directed towards frontier fields, presenting a strategic opportunity for undeveloped…
Regulatory authority refutes dirty fuel importation allegations
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says there is no imported dirty fuel in the country. The Authority said it would never encourage importation of dirty fuel into the country and ensured that only quality protroleum products…
Fire reported at Dangote Refinery
Immediate containment and safety procedures initiated A fire has been reported at a section of the Dangote Refinery in Lagos, Nigeria. Though the cause of the incident is yet to be announced, the management of the Refinery have announced…
Axxela records 8 million man-hours with no Lost Time Injury (LTIF)
Axxela Limited, sub-Saharan Africa’s leading gas and power portfolio company, has announced another impressive safety milestone. The company has now achieved 8 million man-hours with no lost time injury (LTI), surpassing the previous 7 million man-hours LTI milestone achieved in…
FG Distributes Maize, Sorghum, and Garri to Lagos Residents
The National Emergency Management Agency (NEMA) has distributed 1,674 metric tonnes of food items to Lagos State to alleviate the high cost of food in the country. The food items distributed include: 780 metric tonnes of maize, equivalent to 15,600…
UN blames ‘crisis of political will’ for slowing climate action
UN blames ‘crisis of political will’ for slowing climate action Climate diplomats urged at London summit to get smart on politics, as economic and technological barriers fall A makeshift camp after heavy monsoon rains in Jaffarabad district of Balochistan province,…
Kroger Recognizes Zero Heroes Across the U.S.
More than 14,600 students recognized for volunteering to serve local communities and fight hunger and waste The Kroger Company today shared that 14,656 students across America have been named Zero Heroes through the retailer’s Zero Hunger | Zero Waste…
Afreximbank signs two deals totaling US$80 million for Zimbabwe’s CBZ Bank
The line of credit facility will strengthen financial intermediaries’ capacity to support SMEs through financing product and capacity building. In two deals signed at the recently concluded Afreximbank Annual Meetings, African Export-Import Bank is providing a US$60 million…
Asharami Square debuts as Sahara Energy Pledges Cleaner Future by 2060
To power decarbonization in Africa Sahara Group, a leading energy and infrastructure conglomerate, has unveiled a groundbreaking plan to achieve net-zero carbon emissions from its oil and gas operations by 2060. This ambitious target signifies their commitment to a sustainable…