The Managing Director of the Nigerian Railway Corporation (NRC), Dr. Kayode Opeifa, has said that Compressed Natural Gas (CNG) is crucial for the railway industry in Nigeria, offering several benefits, including a reduction in maintenance costs by up to 60–70 percent. He disclosed this over the weekend during the signing of a Memorandum of Understanding…
A former Head of Health, Safety and Environment (HSE) at the Nigerian National Petroleum Company (NNPC) Limited, Mr. Bala Wunti, has exited the national oil company, with a formal handing over ceremony to the acting Head of HSE, Akpabio Essien. Wunti was the Chief Upstream Investment Officer of the NNPC Upstream Investment Services (NUIMS), before…
French oil major, TotalEnergies, said it agreed to sell its 12.5% stake in the Bonga oilfield offshore Nigeria to Shell, the field’s operator, for $510 million. The deal will bring Shell’s stake in Bonga to 67.5% and shows its continued interest in producing oil offshore Nigeria after selling its spill-plagued Nigerian onshore assets to Renaissance,…
Differences between President Trump and South African President Cyril Ramaphosa came to a head Wednesday afternoon in a tense exchange in the Oval Office, as Mr. Trump confronted him over whether White genocide is taking place in South Africa. Mr. Trump and Rampahosa met for a critical conversation — with South African-born billionaire Elon Musk…
Hundreds of young Nigerian professionals on Wednesday stormed the United Arab Emirates (UAE) Embassy in Abuja, demanding that the country to deport Mele Kyari, former Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, to answer questions over alleged corruption during his tenure. The protesters, under the aegis of Young Professionals Forum…
Africa’s richest man and industrialist, Alhaji Aliko Dangote, said yesterday he wouldn’t have attempted his $20 billion refinery, if he knew the magnitude of the facility. He also expressed commitment to empowering Nigerian engineers and building local capacity through large-scale industrial projects. Dangote, who stated this while receiving a delegation from Lagos branch of the…
A joint venture project developing the first marine fuel facility for liquefied natural gas in the U.S. Gulf Coast has secured final permits and construction is expected to begin later this year, executives involved said on Monday. The global shipping industry has been looking for fuel solutions to cut carbon emissions, with LNG seen as…
BRICS is expanding – but perhaps inevitably, more members mean more opportunities for disagreement, including between African members. This became apparent at the recent BRICS foreign ministers meeting in Rio de Janeiro. Unusually, the gathering failed to issue a consensus communiqué because of objections from the two new African members who joined in 2023 –…
The Socio-Economic Rights and Accountability Project has urged the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mr Bayo Ojulari, to account for the N500bn which, according to a World Bank report, the NNPCL failed to remit to the Federation Account between October and December 2024. In a Freedom of Information request…
The Chinese Ambassador to Nigeria, Yu Dunhai, has harped on the imperative of enhanced collaboration between China and Nigeria in unlocking the potential of Nigeria’s Solid Minerals sector through the establishment of electric vehicle factories in Nigeria. Ambassador Dunhai disclosed this while paying a courtesy visit to the Minister of Solid Minerals Development, Dr. Dele…
