At the recent Major Energy Marketers Association of Nigeria (MEMAN) quarterly press briefing, various speakers advocated for the enabling environment for competition to thrive and not monopoly as only competition would guarantee better pricing, increased consumer awareness and quality products.…
Technology & System
MEMAN Calls for Crackdown on Counterfeit, Fake Lubricants
Stakeholders in the oil industry have made an impassioned call for a crackdown on sales and distribution of fake, counterfeit lubricants in Nigeria. This call was made yesterday at the quarterly press briefing by the Major Energy Marketers Association of…
Construction of land-based wind power slows in Germany
Construction of land-based wind power in Germany slowed in the first half of this year, the BWE wind energy association reported on Thursday. A total of 250 new turbines were built with an output of 1.3 gigawatts, 19% down on…
ReconAfrica’s Farm in Namibia Onshore to Accelerate Exploration and create more Opportunities
The African Energy Chamber supports ReconAfrica’s divestment of a 20% stake in Petroleum Exploration License (PEL) 73 onshore Namibia to BW Energy, which will fast-track the planned multi-well drilling campaign and 3D seismic program In a milestone transaction, Reconnaissance…
Africa: Azule Energy Reiterates Commitment to Angola, Pioneers World’s First Green Floating Production Storage and Offloading (FPSO) Vessel
The African Energy Chamber commends Azule Energy for its sustainability efforts and operations in Angola as it supports the country’s E&P goals In a bid to solidify its position as a key player in the global energy market, Angola…
Oando Chief Executive Officer (CEO) to Champion Role of Local Explorers at MSGBC Oil, Gas & Power 2024
Adewale Tinubu, CEO of Nigerian multinational energy company Oando, will discuss the company’s latest acquisition and evolution into a leading indigenous explorer at the upcoming conference Following its milestone acquisition of Italian multinational Eni’s onshore assets in Nigeria, Oando…
Africa: Konrad-Adenauer-Stiftung Joins Critical Minerals Africa (CMA) 2024 as Strategic Partner
The increasing demand of critical minerals for the global energy transition presents African countries with an opportunity to address environmental governance challenges and accelerate infrastructure development and economic growth through export revenues and global market cooperation. Furthermore, the development and…
Nigeria to be Net Exporter of Petroleum Products by December 2024
Nigeria concludes plans to become net exporter of petroleum products by end of 2024
Adaora Umeoji emphasizes Zenith Bank’s strong financial metrics, projecting over N1 trillion profit mark in 2024
Zenith Bank Plc, Nigeria’s foremost financial institution, recently hosted its Capital Markets Day to underscore its commitment to sustainability amidst its recapitalization drive. The event convened key stakeholders and highlighted the bank’s growth trajectory, strategic goals, market performance, and longstanding…
Nigeria’s food importation policy could destroy country’s agriculture, warns Akinwumi Adesina
Nigeria should be producing more food to stabilize food prices, while creating jobs and reducing foreign exchange spending The President of the African Development Bank Group Dr. Akinwumi Adesina has said the decision by Nigeria’s government to allow massive…
