Oil and Gas
2 days ago
The Senate Committee on Oil and Gas Host Communities has mandated the Managing Director of Total Energies, Mr. Matthieu Bouyer to appear before it in his own interest. The Committee said that Bouyer has refused its previous invitations to interface with it on the matters bothering on the implementation challenges of the Petroleum Industry Act…
19 Jan
ND Western, a Nigerian energy company, has announced the signing of a landmark transaction with Shell International PLC to acquire its entire shareholding in The Shell Petroleum Development Company of Nigeria Limited (SPDC). The signing was done through Renaissance Africa Energy Company Limited. Renaissance is a consortium consisting of ND Western Limited, Aradel Holdings Plc,…
16 Jan
In a game-changing move for the Nigerian oil sector, Renaissance Africa Energy has reached a groundbreaking agreement with Shell to acquire its entire shareholding in The Shell Petroleum Development Company of Nigeria Limited (SPDC). Renaissance is a consortium consisting of ND Western Limited, Aradel Holdings Plc. the Petrolin Group, FIRST Exploration and Petroleum Development Company…
22 Nov
PwC has said investment in Africa’s renewables, oil and gas is pivotal to the continent's growth.
Latest
20 mins ago
In a dramatic twist to the intriguing political preamble to Thursday's National Executive Committee (NEC) meeting of the Peoples Democratic Party (PDP), a vote of confidence has been passed on the party's Acting National Chairman, Amb Umar Damagum by the National Working Committee (NWC). Damagum's continued stay as acting chairman has attracted serious opposition from…
29 mins ago
The Federal Government has pledged to address the issue of rising prices of goods and services in Nigeria. The acting Vice Chairman/CEO of the Federal Competition and Consumer Protection Commission (FCCPC), Dr. Adamu Abdullahi, disclosed this in a statement on Wednesday. The prices of food items and commodities have spiked in recent months despite the…
30 mins ago
NASA's Ingenuity Mars helicopter has transmitted its final message to Earth and will now serve as an immobile data-gathering unit on the red planet's surface, the space agency said on Tuesday. The tissue box-sized aircraft made history by achieving the first powered flight on another planet after hitching a ride under the belly of the…
1 hour ago
Justice Kolawole Ogundare of a Federal High Court sitting in Lagos has granted a businessman and socialite, Pascal Okechukwu, popularly known as Cubana Chief Priest, N10 million bail with two sureties in like sum. The judge granted him bail following his plea of not guilty to the charge brought against him by the Economic and…
1 hour ago
The president of the Association of Bureau De Change Operators of Nigeria (ABCON), Aminu Gwadabe, said the recovery of the naira against the dollar and other foreign exchange is happening faster than expected. Gwadabe said this during a phone-in interview on Channels Television’s ‘Business Incorporated’ programme on Tuesday. Gwadabe said as of Tuesday afternoon, Bureau…
1 hour ago
Kano State High Court has ordered the national chairman of All Progressives Congress (APC) Abdullahi Umar Ganduje to stop parading himself as a member of the party. Subsequently, the court directed, that henceforth, Ganduje should desist from presiding over all affairs of the National Working Committee (NWC) of APC. Justice Usman Malam Na'abba granted the…
1 hour ago
Even small delays in Japan's much-vaunted bullet trains are rare, and more unusual still are snakes on board holding up the speedy "shinkansen" services. On Tuesday evening, a passenger alerted security to a 40-centimetre (nearly 16-inch) serpent lurking on a train between Nagoya and Tokyo, resulting in a 17-minute hold-up. It was unclear whether the…
2 hours ago
The Economic and Financial Crimes Commission (EFCC) on Wednesday arraigned businessman Pascal Okechukwu, aka Cubana Chief Priest, before a Federal High Court in Lagos over abuse of the Naira currency. He was arraigned on three counts of spraying and tampering with the Naira notes during a social event at Eko hotel in Lagos. When the…
2 hours ago
German prosecutors said Wednesday they had charged a sixth suspect in a far-right plot to kidnap the health minister and overthrow the government in protest against COVID-19 restrictions. The 61-year-old man was charged with "the preparation of a treasonous enterprise and membership in a terrorist organisation," Frankfurt prosecutors said in a statement. The group intended…
2 hours ago
The Dutch Crown Princess Amalia fled to Spain to escape threats to her safety, local media reported, as she prepared to make her official debut at a state occasion later Wednesday. The 20-year-old lived and studied in Madrid for more than a year, reported public broadcaster NOS, citing royal sources. In October 2022, Amalia was…
