The Management of Dangote Petroleum Refinery has strongly refuted a Reuters report suggesting that it is reselling crude oil shipments. The report, published on Wednesday, alleged that technical issues at the refinery had led to the resale of crude from…
PowerUp CEO Advocates Implementation of Nigeria’s 30GW Vision
Speaking at a panel session on the theme “Green Economy, Sustainable Growth, and Infrastructure Transformations” at The Oriental News 2024 Summit, held in Lagos, the Executive Director of PowerUp Nigeria, Adetayo Adegbemle, has challenged the Rural Electrification Agency (REA) and…
Oando Denies Claims of Stake in Maltese Oil Storage Facility, Ras Hanzir Oil Terminal Limited
Oando Plc says its attention has been drawn to recent allegations on social and digital media, levelled against the company of being a shareholder, and its Principals of being Board members, in a Maltese company, Ras Hanzir Oil Terminal Limited…
IAEA Reports Worsening Conditions at Zaporizhzhya Nuclear Plant
IAEA Director General Statement on Situation in Ukraine The nuclear safety and security situation at the Zaporizhzhya Nuclear Power Plant (ZNPP) remains highly challenging during the military conflict, including efforts to ensure adequate maintenance of key safety systems and…
Local Independents in Nigerian Petroleum Industry Upbeat as IOCs Back Pedal
…Merger and acquisition done for energy transition, strategic alliances for operational efficiencies. …Divestment by the majors creates opportunity for indigenous players in the industry. …Squeezing out the last barrel for the independents. Divestment has shown that the International Oil…
REA commits to Nigeria’s Green Economy Revolution at Oriental News Summit
The Ag. Managing Director and Chief Executive of the Rural Electrification Agency (REA), Engr. Abba Abubakar Aliyu, has called for a sustained push towards a Green Economy based future for Nigeria. Engr Abba Abubakar Aliyu stated this on Thursday July…
DG SEC Urges Nigeria to Embrace Green Economy at OrientalNews Summit”
In a keynote address at the Oriental News Summit, Mr. Emomotimi Agama, Director General of the Nigerian Stock Exchange (SEC), passionately articulated the profound personal impact environmental degradation has had on Nigeria. His narrative vividly described how pollution has devastated…
UN, Columbia University, New York to Headline ASIS 2024
The Africa Social Impact Summit (ASIS) 2024 is set to be an extraordinary gathering of influential leaders as Amina Mohammed, Deputy Secretary General of the United Nations and Jeffrey Sachs, of the world-acclaimed Columbia University, New York, are set to…
IE stands firm on combating energy theft, reiterates penalties for offenders
Ikeja Electric Plc (IE)has reiterated that offenders caught in the act of energy theft will be immediately charged to court. The company emphasized that the era of merely imposing loss of revenue (LOR) penalty alone on offenders is over, as…
Lokpobiri, Minister of State for Petroleum Resources Holds Key Meeting with Dangote, Regulatory Authorities, and NNPC Leadership
Senator Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil) today led a crucial meeting involving top stakeholders to address issues surrounding the Dangote Refinery. Key participants included; Aliko Dangote, Chairman and CEO of Dangote Group; Farouk Ahmed, CEO of…
