Minister of State Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo yesterday said the path to a sustainable energy future requires partnership, innovation, and a shared commitment to addressing global energy challenges. He stated this at a welcome reception hosted by…
African Development Bank Group, Ethiopia launch $94 million project to boost Climate Resilient Wheat Value Chain Development in Ethiopia
The financing will support 500,000 smallholder farmer households in the Ethiopian states of Afar, Amhara, Oromia, and Somali, to increase wheat productivity from three to four tons per hectare The African Development Bank Group and the government of Ethiopia,…
NNPC denies Alleged N3.3 Trillion Subsidy Inflated Claims
NNPCL refutes allegations of subsidy padding and claims of N3.3 Trillion in some media, stating the company is not under investigation or probe even as it follows global standards on transparency and accountability.
Afreximbank disburses $40 million to support Fidelity Bank’s acquisition of Union Bank UK
With this acquisition, Fidelity Bank is able to birth a new pan-African financial institution capable of providing correspondent banking and offshore banking services to banks in Africa African Export-Import Bank has announced the disbursement of a US$40-million Intra-African Investment…
Nigeria to Dispose Five Power Plants at $1.15 Billion: Set to Announce Bid Winners
In a bid to improve the electric power sector, Nigeria has now reached the final stage of its plan to sell five key power plants at a cost of $1.15 billion, with the bid winners soon to be announced. The…
Africa Finance Corporation (AFC) Receives Top Accolades at Europe, Middle East, and Africa (EMEA) Finance Achievement Awards
The award affirms AFC’s leadership in structuring and executing complex financial transactions that foster sustainable development across regions Africa Finance Corporation, the continent’s leading infrastructure solutions provider, received top accolades at the EMEA Finance Achievement Awards in London yesterday.…
NETCO declares 137% gain in operating profit for 2023, seeks increased market share
The NNPC Engineering and Technical Company (NETCO), a subsidiary of the Nigerian National Petroleum Company Limited (NNPC Ltd), has announced a 137 per cent increase in operating profits for the year 2023. This was disclosed by the Chairman of the…
SEC D-G to Speak on Nigerias’ Green Economy, Infrastructure Transformation at Oriental News Nigeria Summit
The Director General, D-G of the Securities and Exchange Commission, SEC, Dr. Emomotimi Agama, would be x-raying key policies and options available in the country’s drive to strengthen her national economy while aligning with global push towards promoting green economy.…
The Africa Petroleum Producers’ Organisation (APPO) and Afreximbank Sign the Establishment Agreement of the Africa Energy Bank (AEB), Declaring it Open for Signature by Prospective Member States
The AEB has been structured as an independent and supranational pan-African energy development bank with an initial USD 5 Billion capital The African Export-Import Bank (Afreximbank) and the Africa Petroleum Producers’ Organisation (APPO) have announced the historic signing of…
NDDC Calls on Debts: Over $700m owed by IOCs
The Niger Delta Development Commission (NDDC) have urged International Oil Companies (IOCs) to pay the staggering debt of 700 million dollars that they owe the commission. The Managing Director of the commission, Dr Samuel Ogbuku made the appeal during a…
