• Dangote lost $651m amid sell-offs in Dangote Cement Former Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim, has said supporting Dangote Refinery is crucial to mitigate the negative consequences of fuel scarcity. There had been a Read More
Dangote refinery denies claims of reselling crude oil
Dangote refinery has denied claims that it has been having problems leading to its reselling of crude oil. Global news media, Reuters, in a report on Friday, July 26, 2024, claimed that “Dangote oil refinery is reselling cargoes of U.S. Read More
‘Africa more vulnerable to climate change, loss of species’
The Federal Government has said that Nigeria and other African countries are the most affected by the biodiversity crisis and climate change, and called for policy instruments that will mainstream its elements into broader strategies and plans. Minister of State Read More
TotalEnergies shareholders get N8.39bn dividend for 2023 financial year
Shareholders of TotalEnergies Marketing Nigeria Plc on Friday unanimously approved a total of N8.49 billion in the final dividend proposed by the company’s Board of Directors for the financial year ended Dec. 31, 2023. The shareholders gave their approval at Read More
Africa scouts $245b for 625.6tr standard cubic feet gas
African countries pushing to harness estimated 625.6 trillion standard cubic feet of natural gas, amid dwindling fossil fuels investment, The post Africa scouts $245b for 625.6tr standard cubic feet gas appeared first on The Guardian Nigeria News – Nigeria and Read More
Oil theft: NNPCL wants special court to curb $8.4bn annual loss
The Nigerian National Petroleum Company Limited (NNPCL) on Thursday demanded a special court to halt crude oil theft in Nigeria. The national oil company is also asking for a speedy resolution of offenses related to vandalism and stealing of crude Read More
Nigeria lobbies 18 African oil producers in bid to host AEB headquarters
Nigeria has intensified its efforts to host the African Energy Bank headquarters as the country is lobbying 18 African oil producers under the African Petroleum Producers Organisation (APPO). Hosting the ambassadors of the countries to a dinner in Abuja, the Read More
FG, NEITI seek framework, technology to tackle looming dangers
Nigeria may face serious environmental and economic losses from the push by the Federal Government to expand domestic gas utilisation unless framework and technology are deployed to tackle rising methane emissions. The post FG, NEITI seek framework, technology to tackle Read More
10 migrants drown in Panama river
Panamanian border police on Wednesday reported 10 migrants had drowned in a river near the Central American country’s coastal border with Colombia. The migrants died as a result of the river flooding, with their bodies discovered in the remote riverside Read More
UK Blues Legend John Mayall Dies At 90
John Mayall, the British blues pioneer whose 1960s music collective the Bluesbreakers helped usher in a fertile period of rock and brought guitarists like Eric Clapton to prominence, has died at 90, his family said Tuesday. Mayall, a singer and Read More