Category: Business

  Nigeria has emerged as Africa’s top destination for upstream oil and gas investments in 2024, according to market intelligence firm Wood Mackenzie. The country accounted for three out of four Final Investment Decisions (FIDs) announced by global oil and gas majors, with a combined value of $13.5 billion. The investments include Shell’s $122 million […]

Nigeria’s gas output has risen on a month-on-month, MoM basis, by 2.9 per cent to  226,747.05 million standard cubic feet, MSCF in November 2024, from 220,396.45MSCF recorded in October 2024. But on  year-on-year, YoY basis, the gas output rose marginally by 0.02 per cent to 2,292,951 MSCF in the first 11 months (January – November) of […]

  Sachet water The Lagos State Government and the National Agency for Food and Drug Administration and Control (NAFDAC) have denied planning banning sachet water popularly known as pure water in local parlance. The duo reacted to a viral video showing individuals destroying sachet water packs at factories and on public buses. The Lagos State […]

High Gas Prices Force Urban Residents To Embrace Firewood, Charcoal Alternatives Due to rising cooking gas prices, many Nigerians living in urban areas are now turning to traditional and more affordable cooking fuels, such as charcoal and firewood. These fuels were once commonly used by rural populations but had been largely replaced by cooking gas […]

By Ambrose Sule Finally, the Nigerian National Petroleum Company Limited, NNPCL, has concluded plans to commence the lifting of petroleum products from Port Harcourt Refinery. The lifting, which will commence today, Tuesday, November 26, 2024, follows the commencement of operations after many months of rehabilitation. In a message posted at its X (Twitter) handle, the […]

…agency to establish Waste to Energy Plant in Epe THE Managing Director/CEO of the Lagos Waste Management Authority (LAWMA), Dr. Muyiwa Gbadegesin, has restated the Authority’s commitment to maximizing the potentials in circular economy, through transition from traditional waste management to a modernized system. He also disclosed that the Authority would be establishing a waste […]

THE World Bank has uncovered $32 million in unaccounted funds in Nigeria’s water project. This was disclosed in the banks’ recently released FY2024 Sanctions System Annual Report. The report showed that the missing funds were intended to bolster water infrastructure in Nigeria but were not adequately accounted for, prompting an intervention to safeguard the project’s […]

  NIGERIA Security and Civil Defence Corps (NSCDC), Osun Command, has apprehended five persons for alleged illegal mining in the state and one other for alleged stealing. NSCDC Commandant in the state, Mr Igbalawole Sotiyo, while parading the suspects on Tuesday in Osogbo, said the suspected illegal miners were arrested on Nov. 8 in Ilesa. Sotiyo […]

Royal Dutch Shell has expressed delight over Dutch Court of Appeal ruling overturning a 2021 decision by the District Court of The Hague requiring the company to reduce its carbon emissions by 45%  reports that the appeal court’s verdict supports Shell’s strategy to become a net-zero emissions energy business by 2050. The case was brought […]

Operatives of the Enugu Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, have arrested two Chinese siblings: Wang Jiang and Wang Richard for allegedly making efforts to export some solid minerals without requisite permit. While Jiang was arrested at the Akanu Ibiam International Airport, Enugu, the rest, including two Nigerians, Donatus Agupusi and […]