From Left to Right: Temitope Yakubu, Interkool by Farm CI, Winner Best Entrepreneur Award in the Innov’Up category, Dr. Samba Seye, Managing Director TotalEnergies Marketing Nigeria PLC., Emmanuel Abah, Waste2light LTD, Winner Best Sustainable and Affordable Energy Award in the Power’Up Category, Mr. Matthieu Bouyer, Managing Director upstream companies of […]
Category: Energy
Energy
Seplat Energy Announces NUPRC Confirmation Of Consent On MPNU Deal
Seplat Energy Plc, Nigerian energy company listed on both the Nigerian Exchange and the London Stock Exchange has announced that the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that consent has been granted by the Honourable Minister of Petroleum Resources in Nigeria, President Bola Ahmed Tinubu, to proceed with […]
LCCI Raises Alarm Over Frequent National Grid Failures, Urges Immediate Power Sector Reforms
Lagos Chamber of Commerce and Industry (LCCI) has raises alarm over frequent National Grid failures, calling for immediate power sector reforms. Director General of LCCI, Dr. Chinyere Almona in a statement said that with businesses suffering from the burden of poor power supply, the county need quick intervention actions […]
Shareholders Lose N208bn in Aradel Holdings Shares Two Days After Quoting On NGX
Investors in Aradel Holdings Plc, Nigeria’s latest listed company, have incurred a loss of N208 billion just two days after the company’s shares debuted on the Nigerian Exchange Limited (NGX). Aradel’s stock price dropped by 5.85 per cent reducing its market capitalization from N3.562 trillion on Tuesday to N3.354 […]
NGX Admits Aradel Holdings’ 4.34bn shares Worth N3.05trn
Aradel Holdings Plc, an integrated energy company, listed 4.34 billion shares on Nigerian Exchange Limited (NGX) Main Board. The shares listed at N702.69 per share through a “Listing by Introduction,” boosted the market capitalization of NGX by N3.05trn, marking a significant milestone in the oil and gas sector’s participation […]
Rising Fuel Prices Above N1,000 Per Litre Could Reverse Nigeria’s Inflation Gains- Chukwu
The Managing Director of Cowry Asset Management Limited, Mr. Johnson Chukwu, has highlighted concerns over Nigeria’s inflation outlook, despite a recent decline in the inflation rate to 32.19 per cent in August 2024. Speaking at a third-quarter webinar on Nigeria’s economic landscape, Chukwu attributed the drop in inflation to […]
Africa’s Abundant Gas Reserves Offer Immediate Solutions To Prevailing Problems – Seplat CEO
Africa has abundant gas reserves, and these rich reserves offer immediate solutions to the continent’s immediate and prevailing challenges if well leveraged. The Chief Executive Officer, Seplat energy Plc, Mr. Roger Brown, said this during the ongoing Africa Oil Week (AOW) Conference and Exhibition in Cape Town, South Africa. […]
Oando Links Delay In Completion Of 2023 Financial Audit To Acquisition of NAOC
Oando Plc has attributed the further delay in the completion of its 2023 financial audit to the recent acquisition of Nigerian Agip Oil Company (NAOC) which was completed on August 22, 2024. According the notice to the Nigerian Exchange Limited, the company noted that the auditors are required to […]
DG Budget Office, Tanimu Yakubu resigns as Non-Excutive Director form Oando Plc
Oando Plc has announced the resignation of Mr. Tanimu Yakubu as Non-Executive Director of the company. This was contained in the company’s notice to the Nigerian Exchange Limited. The resignation according the statement was to enable him to undertake a national assignment with the Federal Government of Nigeria. […]
OPEC Says Dangote Refinery’s Diesel, Jet Fuel Supplies To Disrupt Europe’s Oil & Gas Industry
The Organisation of Petroleum Exporting Countries, OPEC, has said supplies from Nigeria-based world’s largest single-train Dangote Refinery and Petrochemicals will put pressure on the performance of Europe’s oil industry, especially the Northwest Europe (NWE) Gasoil. OPEC in its newly released monthly Oil Market Report for June 2024 listed Dangote Refinery […]