The Foundation for Environmental Rights, Advocacy and Development (FENRAD) have expressed its wholehearted support on the recent landmark decision by the Supreme Court of Nigeria barring state governors from holding and spending Local Government Area (LGA) funds. According to the…
Akpabio Lauds NDDC for New Development Strides in Niger Delta
President of the Senate, Godswill Akpabio, on Friday, attended the Niger Delta Stakeholders Summit in Port Harcourt, the Rivers State Capital and called on the stakeholders in the region to support the Niger Delta Development Commission, NDDC, to achieve more…
PHOTO NEWS: Shell Top Management Staff on facility visit to Dangote Refinery
Photo: L-R: Head of Business Development, Shell Trading and Shipping Company (STASCO), Filippo Bof; Managing Director, The Shell Petroleum Development Company of Nigeria Limited and Country Chair, Shell Companies in Nigeria, Osagie Okunbor; President, Dangote Industries Limited, Aliko Dangote; Managing…
Lagos State House of Assembly Committee on Environment Conducts Oversight Visit to Lagos Water Corporation
In a bid to ensure that water runs in every Lagos home, the Lagos State House of Assembly Committee on Environment paid an oversight visit to the Lagos Water Corporation Headquarters in Ijora on Wednesday, July 10, 2024. The Managing…
Annelie Lundström appointed new CEO, Veracio
Annelie Lundström has been appointed as Veracio’s new CEO, replacing JT Clark, in the midst of a management shake-up. Veracio was recently acquired by American Industrial Partners (“AIP”), a middle-market private equity firm focused on the purchase and improvement of…
Dangote’s WTI Import Strategy: Nigeria’s High Cost of Crude Oil Grades, Profit Margin, and Freight Drove Dangote to Import Crude Oil from US
The high cost of Nigeria’s 35 crude oil grades including Bonga, Agbemi and others has been attributed as the reason why Dangote Refinery resorts to buying crude oil from the United States. Other factors attributable to Dangote Refinery going to…
NNPC refutes Alleged $2 Billion Oil-for-Cash Loan
The Nigerian National Petroleum Company (NNPC) Limited (NNPC) has stated that it is not currently seeking a fresh $2 billion oil-for-cash loan deal, contrary to some reports. The report had claimed that the NNPC was eyeing a new $2 billion…
S&P Global: Dangote Refinery can Resolve Nigeria’s Forex Issues; Boost Economy
International financial analytics corporation, S&P Global, has described the 650,000 barrels per day (bpd) Dangote Oil Refinery and Petrochemicals company as capable of resolving Nigeria’s foreign exchange (forex) issue and its huge pressure on the local Naira currency, while also…
UN deputy chief demands bold policies, innovative solutions for SDGs
The international community must urgently summon the commitment and investments needed to achieve the Sustainable Development Goals (SDGs) by the 2030 deadline, the UN Deputy Secretary-General stressed on Monday. Addressing the opening of the 2024 High-level Political Forum on…
Wien lauds FG’s divestment deals, calla for further approvals
A frontline gender equity advocate group in the energy sector, Women in Energy Network (WIEN), has expressed immense joy at the eventual approval of oil and gas asset divestment transactions by the Federal Government of Nigeria President of WIEN, Mrs…