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…
The President and Chief Executive of the Dangote Group, Mr. Aliko Dangote, has visited the Nigerian National Petroleum Company Limited (NNPC) in an apparent move to mend the strained relationship between both companies during the leadership of the erstwhile Group Chief Executive Officer, Mr Mele Kyari. In a message on its X handle, the national…
The Minister of state for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has called for collaboration between Nigeria and Ghana in resolving their common energy issue’s. This, he said could be achieved under the auspices of the African Petroleum Producers Association, APPO, by working together, sharing experiences and providing common solutions to their energy problems in…
The allegation of fraud against the Nigerian National Petroleum Company Limited, NNPCL, has taken a new dimension as the Economic and Financial Crimes Commission (EFCC) is intensifying its investigation into the financial mismanagement, focusing on approximately $2.96 billion allocated for refinery repairs. Several high-ranking former officials, including former Managing Directors of the Port Harcourt, Warri,…
The United States and other countries are interested in the Nigeria-Morocco Gas Pipeline Project The Minister of Finance and the Coordinating Minister for the Economy, Wale Edun made this known while detailing the outcome of the ministry’s bilateral engagement at the just concluded 2025 spring meeting of the lnternational Monetary Fund and World Bank Group…
Nigeria Content is not about “Nigerianisation” or exclusion of Foreign participation in the Oil Gas Industry, rather it is about value creation in Nigeria by encouraging the involvement of multinationals and original equipment manufacturers in a mutual beneficial manner. The Executive Secretary, Nigerian Content Development and Monitoring Board, NCDMB, Engr.Felix Ogbe, made the assertion at…
The Minister of Solid Minerals Development, Dr. Dele Alake, has announced an accrued N6.9 billion revenue from the mining sector into the Federal Government’s coffers in the first quarter of the year. A statement by the minister on Monday said FG collected an impressive N6,957,826,200 in mining fees and registered 118 new private mineral buying…
The Federal Government says plans are at an advanced stage to establish the first Renewable Energy University in Nigeria. The university is to be established in partnership with some development partners. The Managing Director/Chief Executive Officer of the Rural Electrification Agency, Abba Aliyu, stated this at a Roundtable held in Victoria Island between the REA…
