News

Indonesia and China have signed a memorandum of understanding (MoU) to conduct a feasibility study of a $560 million coal-to-methanol plant. Coal-to-methanol plant Indonesia’s Industry Minister, Agus Gumiwang Kartasasmita, said in a statement on Wednesday, October 20, 2021. The MOU was signed on Oct.18, by the Industry Minister and representatives from PT Powerindo Cipta Energy and China National Chemical Engineering ...

The Federal Government has urged state governments to adopt “Infrastructure Maintenance Policy’’ to stimulate the economy of their states. Minister of Works and Housing, Babatunde Raji Fashola (SAN) Minister of Works and Housing, Mr Babatunde Fashola, made the call at the 27th meeting of the “National Council on Works” on Thursday, September 23, 2021 in Bauchi. “All that we need to ...

The Sustainable Energy Fund for Africa (SEFA) of the African Development Bank (AfDB) has approved $1 million grant for the modernisation of Africa’s aging hydropower fleet. AfDB president, Akinwunmi Adesina According to a statement from the AfDB, the modernisation of hydropower stations is an opportunity to increase generation capacity at low-cost, and with relatively short lead-times and minimal environmental impact. ...

The Federal Government says it has introduced a N250 billion intervention facility to stimulate finance and motivate investors in the gas value chain for sustainable business development in the country. Minister of State for Petroleum Resources, Chief Timipre Sylva Mr Bitrus Nabasu, the Permanent Secretary, Ministry of Petroleum Resources, disclosed this while briefing newsmen, on Sunday, August 8, 2021 in ...

Chief Operating Officer, Oando Energy Resources, Dr Alex Irune, says the passage of the Petroleum Industry Bill (PIB) will unlock several partnership opportunities for indigenous oil and gas companies. Chief Operating Officer, Oando Energy Resources, Dr Alex Irune Irune made the assertion during a panel session at the ongoing Nigeria Oil and Gas (NOG) conference and exhibition on Wednesday, July ...

The Department of Petroleum Resources( DPR) has listed five ways to fortify the Nigerian oil and gas sector for economic stability and growth. Minister of State for Petroleum Resources, Chief Timipre Sylva Director and Chief Executive Officer of DPR, Mr Sarki Auwalu, made the suggestion while presenting a keynote address at the 20th Nigeria oil and gas conference, in Abuja ...

Deputy Managing Director, Deep Water District, TotalEnergies, Mr Victor Bamidele, says the company has invested over $60 billion in exploration and other projects in Nigeria. Patrick Pouyanné, Chairman and Chief Executive Officer of TotalEnergies Bamidele made the disclosure in Abuja on Monday, July 5, 2021 at the Nigeria Oil and Gas (NOG) Conference, which will come to a close on Thursday, ...

Director-General of the United Nations Office in Geneva, Ms. Tatiana Valovaya, has disclosed the UN’s plans to collaborate with Nigeria to address the security challenges besetting Nigeria. Valovaya made disclosure when Nigeria’s Permanent Representative to the United Nations Office in Geneva and other International Organisations, Ambassador Abiodun Richards Adejola, presented his Letter of Credence to her on Thursday, June 17, ...

The Chief Web Advocate at the World Wide Web Foundation, Nnenna Nwakanma, and the Managing Director of the Nigerian Communications Satellite, (NigComSAT), Dr. Abimbola Alale, have been lined-up to speak at the 2021 Nigeria DigitalSENSE Africa Forum on Internet Governance for Development (IG4D), billed for Thursday, June 10, in Lagos. Nnenna Nwakanma DigitalSENSE Africa Forum series is a project of ...

Two civil society groups that are tracking COVID-19 intervention funds in Nigeria, The Gambia, Liberia, Zimbabwe, Cameroon, Kenya, and Malawi have criticised the somewhat cynical method adopted by the Federal Government to implement the N500 billion Coronavirus intervention funds particularly in local communities where there appears to be nothing visibly on ground. CTAP stakeholders conference Both anti-corruption organisations, Connected Development ...