Custodians of Truth
African oil-producing nations have raised 45 percent of the $5 billion required to establish the Africa Energy Bank (AEB), aimed at financing oil projects across the continent. This comes amid dwindling international investment due to climate concerns. Nigeria, Angola, and […]
South Sudan’s President Salva Kiir and Sudan’s de facto leader, Gen Abdel Fattah al-Burhan, have reached an agreement to resume oil exports from landlocked South Sudan through Sudan, despite the ongoing civil war in Sudan. The conflict, now 17 months […]
Mr. Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), has emphasized the critical role of energy security in enabling wealth creation in Nigeria. Speaking at the Ministry of Finance Incorporated (MOFI) Public […]
Uganda is actively engaging in discussions with Alpha MBM Investments, an investment company led by Sheikh Mohammed bin Maktoum bin Juma Al Maktoum of Dubai’s royal family, to develop a $4 billion refinery, as announced by the country’s Energy Minister […]
Abia State’s Commissioner for Information and Culture, Okey Kanu, has announced that the modular refinery at the Abia Industrial Innovation Park (AIIP) is scheduled to commence operations in 2025. This revelation, made during a press briefing at the Government House […]
The Nigeria National Petroleum Company Limited (NNPCL) is actively seeking global partnerships for the management of the Port Harcourt Refinery, signaling a strategic move towards operational efficiency and global industry collaboration. In an official Expression of Interest (EOI) posted on […]
Nigeria’s economic trajectory takes a significant turn as President Bola Tinubu presents the eagerly awaited 2024 budget at the National Assembly in Abuja. The “Renewed Hope Budget” is poised to be a game-changer, reflecting a strategic fiscal plan aimed at […]