Exxon Mobil Corp hopes to get the federal government’s approval to allow the stalled sale of its shallow water oil production operations in Nigeria, a top Exxon executive told Reuters. The largest U.S. oil company will keep its deep-water assets in Nigeria despite a change in the government’s leadership, Exxon Global Upstream President Liam Mallon said ahead of the CERAweek Read More
Seplat Energy Plc, has reported profit before tax of to N86.7 billion from N71 billion recorded a year-ago, a 15.3 per cent increase over the period. The company also generated cash from its operations to the tune of N242.4 billion from N150.9 billion year-on-year, rising by 51.6 per cent. The energy Company’s also grew its revenue by 29.8 per cent Read More
The National Council on Privatisation (NCP) has approved Mainstream Energy Solutions Limited (MESL) as the preferred bidder for the concession of the Zungeru Hydroelectric Power plant (ZHPP) for a fee of $70,000.25 per year for a period of 30 years. The Council, chaired by the Vice President, Prof. Yemi Osibanjo, which gave the approval at its 2nd meeting for the Read More
Against the backdrop of the Minamata Convention on Mercury, Nigeria has taken first steps to move away from toxic, mercury-laden lighting to one that is non-toxic and energy efficient. At the Inception Workshop on The Minimum Energy Performance (MEPS) and Labelling for Lighting in Nigeria, stakeholders gathered in Lagos to deliberate on ways to replace the mercury added Compact and Read More
President Muhammadu Buhari has described the ongoing infrastructure development across the country as ‘fantastic’, urging citizens to appreciate what they have as the situation in the country is not dire when compared with other countries. The President spoke Monday at a State Banquet in Kano, Kano state, to conclude his one-day official visit after commissioning several projects executed by both the federal Read More
The Executive Secretary of the Africa Ministers’ Council on Water (AMCOW) Dr. Rashid Mbaziira has commended the impacts of the Council on the water community in Africa, saying it has been successful and impactful beyond expectations. Mbaziira in a season’s greetings message in Abuja, said despite emerging from the COVID-19 pandemic in 2022 was challenging, but through cooperation and effective collaboration Read More
Borno state governor, Professor Babagana Umara Zulum Wednesday visited Amity University Noida in New Delhi, India to explore ways partnership, especially in the areas of research and training. Governor Zulum during the visit announced the desire of his administration to partner with Amity University on training of academics from Borno’s tertiary institutions, exchange of research and technology on aspects of Read More
The presidential candidate of the All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu, has challenged critics of his early life and background to request for a DNA to validate his status that he is indeed a scion of the Tinubu family. Tinubu insisted he remains a proper member of the Tinubu family, even as he slammed an unnamed presidential candidate accused Read More
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