Agency Report In a bid to bolster investment and competitiveness within Africa’s oil and gas sector, national oil companies (NOCs) in Nigeria and Angola are progressing with long-anticipated initial public offerings (IPOs). These IPOs are poised to attract significant global investment, providing much-needed capital to enhance production capabilities, improve infrastructure and foster long-term growth. This move reflects a broader trend of African nations seeking to modernize and diversify their energy sectors, signaling a shift toward greater transparency and accountability in state-owned enterprises, while also positioning the continent as a more attractive investment destination in the global energy market. The…
Author: Orientalnews Staff
Yemisi Izuora The Women in Energy Network (WIEN), has congratulates President Bola Ahmed Tinubu, for his recent appointment of a new board for the Nigerian National Petroleum Company (NNPC) Limited, stating that the move brings on board a group of highly respected professionals to inject fresh perspectives and energy into the realization of Nigeria’s national energy and economic aspirations. According to WIEN, this strategic reconstitution comes at a pivotal moment for the energy sector, one marked by transformation, diversification, and an ongoing transition toward sustainability. “WIEN is pleased to note the appointment of a new Group Chief Executive Officer…
Yemisi Izuora Seplat Energy Plc, has announced its commitment to promote transparency in the extractive sector while contributing to the development of international governance standards. The Company in 2024, became a registered Extractive Industries Transparency Initiative (EITI ) Supporting Company, reinforcing the Company’s commitment to transparency, accountability, and global best practices. This milestone was recognized on the EITI website and across its communications platforms. As an EITI Supporting Company, Seplat Energy promotes transparency in the extractive sector while contributing to the development of international governance standards, according to a statement by the energy Company on Thursday. This affiliation enhances…
Uche Cecil Izuora Nigerian companies are engaging in developing brownfield oil assets targeting increased production capacity and also providing opportunities for major cut in emissions from such facilities. This follows Nigeria-based offshore construction company, Intrepid Energy Limited which has entered into collaboration with United Kingdom’s Aquaterra Energy to deliver a bespoke subsea well intervention equipment package for a project in Nigeria. “Working with Aquaterra Energy marks a significant step forward for our intervention operations in Nigeria. Their specialised technology enhances our ability to execute intervention programmes efficiently, maximising performance across our assets. By combining Aquaterra’s technical expertise with our deep…
Uche Cecil Izuora The West African Gas Pipeline Company Ltd. (WAPCo) has sustained job creation in Nigeria spending over 750,000 dollars annually to train Nigerians in skill acquisition. Currently more than 164 artisans in Nigeria, have benefited from the programme with a focus on empowering local communities. Dr Isaac Adjei-Doku, General Manager, Corporate Affairs of WAPCo, made this announcement during the graduation ceremony of youth participants from operational areas in Ota, Ogun State. Adjei-Doku said that the company also provided start-up tools and scholarships to deserving students in Nigeria. “Every year, we allocate no less than 750,000 dollars across…
Yemisi Izuora The Sure FM 97.5 Management has approved the appointment of Iyabo OGUNJUYIGBE as the new General manager of the Ikorodu based radio station. According to the Management of the station, Ogunjuyigbe was chosen for the position due to her expertise in broadcasting, international exposure, outstanding managerial skills and unrivalled passion for the profession. The role involves directing the affairs of the organisation and ensuring that she makes sure that the station becomes a force to reckon with. Speaking on the appointment, Ogunjuyigbe appreciated the organisation for believing in her, adding that she will do her best to write…
Yemisi Izuora The Stanbic IBTC Bank Purchasing Managers’ Index (PMI) says recovery in the Nigerian private sector gathered strength in March, with output, new orders and employment all increasing to greater degrees than in February. Firms were helped to some extent by softening inflationary pressures, with input costs increasing at the slowest pace since May 2023. The headline figure derived from the survey is the Stanbic IBTC Bank PMI. Readings above 50.0 signal an improvement in business conditions on the previous month, while readings below 50.0 show a deterioration. The headline PMI posted 54.3 in March, up from 53.7…
Yemisi Izuora The Nigeria Civil Aviation Authority (NCAA) has confirmed, improved operations by Arik Air, which is seen as a significant turnaround. In a report the Authority revealed that Arik Air in 2024, airlifted 2,239,176 passengers between January 1, 2024, to December 31, 2024. The airline, which has been under the receivership of Asset Management Corporation of Nigeria (AMCON) since 2017, despite its challenges, also operated 10,699 flights within the year under review, making it the second most active airline in terms of passenger traffic and flight operations in Nigeria, after Air Peace. According to the report, the total…
Yemisi Izuora The 2025 Lagos Tourism NBC Trade Fair is set to become Nigeria’s largest trade and commerce gathering, with an anticipated ₦5 billion in sales, over 220 vendors, and an expected 75,000 attendees in three days. The second edition of this partnership between Naija Brand Chick and Lagos State Ministry of Tourism, Arts, and Culture is focused on leveraging entertainment to further drive trade. The fair will take place from Friday, April 11, to Sunday, April 13, at Balmoral Hall, Federal Palace Hotel, Victoria Island, Lagos. The Special Adviser to the Lagos State Governor, Mr Babajide Sanwo-Olu, on…
Ken Okeke Justice Deinde I. Dipeolu of the Federal High Court sitting in Ikoyi, Lagos, on Wednesday, April 2, 2025, convicted and sentenced Okunfulure Olusola Steve to three Months imprisonment for money laundering. The convict was arrested on March 28, 2025 at the Murtala Muhammed International Airport, Ikeja, Lagos by operatives of the Nigeria Customs Service, NCS, for false currency declaration to the tune of $30,0000. The NCS had, on Friday, March 28, 2025, handed him over to the Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission, EFCC, Okotie Eboh, Ikoyi, Lagos for further investigations. Consequently,…