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NNPC foundation pre-qualifies 2,659 NYSC members for business pitching exercise
June 29, 2024ImpactNews

NNPC foundation pre-qualifies 2,659 NYSC members for business pitching exercise

… offers 50% reduction in registration fees for corps members’ businesses with CAC   Oredola Adeola The NNPC Foundation has pre-qualified 2,659 National Youth Service Corps (NYSC) members across Nigeria for the final phase of its Business Pitching Exercise and…

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Egbin Power reaffirms commitment to environmental care with comprehensive sustainability, carbon emissions reduction strategy
June 29, 2024Energy TransitionGenerationGreen FinanceImpactNewsPowerRenewables

Egbin Power reaffirms commitment to environmental care with comprehensive sustainability, carbon emissions reduction strategy

  Oredola Adeola Egbin Power Plc, the largest power generating station in Nigeria, has restated its commitment to treating the environment with the utmost care, with a comprehensive approach to sustainability and carbon emissions reduction, ensuring that all activities within…

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NERC recommends integrating renewable energy into national grid to lower electricity tariffs
June 28, 2024DistributionEnergy TransitionNewsPowerRenewablesSolarSustainability

NERC recommends integrating renewable energy into national grid to lower electricity tariffs

Oredola Adeola   The Nigerian Electricity Regulatory Commission (NERC) has recommended the integration of cheaper renewable energy sources into the national grid to diffuse the total energy production cost, consequently leading to a drop in electricity tariff.   Dafe Akpeneye,…

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Experts warn FG against encouraging anti-competitive practices in oil, gas sector
June 28, 2024DownstreamMidstreamNewsOil & GasReviewSabotageUpstream

Experts warn FG against encouraging anti-competitive practices in oil, gas sector

… recommend regulatory reform, fair pricing, support to ensure success of Dangote Refinery “Dangote refinery too big to fail… If it fails, Nigeria is bound to bear the consequences in long run” Professor Iledare “Corruption permeates government institutions, Dangote must…

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End of era for massive front-loaded oil blocks signature bonuses: Potential gains for Nigeria
June 28, 2024DocumentaryFeatureGasImpactNewsOil & GasReviewUpstream

End of era for massive front-loaded oil blocks signature bonuses: Potential gains for Nigeria

Ibrahim Musa   The Federal Government through the upstream regulator, has slashed signature bonuses to a maximum of $10 million for deepwater assets and $7 million for shallow water and onshore assets, down from around $200 million previously.   The…

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Sahara Group advocates for Africa to lead sustainability narrative through gas, renewables, carbon capture
June 27, 2024DocumentaryEnergy TransitionGasImpactNewsRenewablesSustainability

Sahara Group advocates for Africa to lead sustainability narrative through gas, renewables, carbon capture

  Oredola Adeola Sahara Group has made a case for Africa countries to champion a strong sustainability narrative such as focusing on natural gas commercialization, increased renewable energy use, investment in low-cost, low-emission clean energy solutions, protecting and rehabilitating natural…

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President Tinubu approves N10bn for CNG buses, N50,000 monthly for 100,000 families in each state
June 27, 2024ConcessionEnergy TransitionFinanceGasNewsSustainability

President Tinubu approves N10bn for CNG buses, N50,000 monthly for 100,000 families in each state

 …  orders deployment of N155 billion for the purchase and sale of assorted foodstuffs Oredola Adeola President Bola Tinubu has approved economic relief measures for Nigerians, including a N10 billion allocation for bus procurement and the CNG uplift programme in the…

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 Global Mine 2024 Report: PwC urges top 40 mining companies to enhance transparency, impact reporting
June 26, 2024Energy TransitionGenerationGreen FinanceMining & Solid MineralNewsTechnology

 Global Mine 2024 Report: PwC urges top 40 mining companies to enhance transparency, impact reporting

… percentage of completed mining deals on critical minerals rose to 40% in 2023 from 22% in 2019 …  lithium, copper dominate 70% of 2023 deal volume   Oredola Adeola As copper and lithium dominated over 70% of the deal…

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Fire erupts in a section of Dangote refinery in Ibeju-Lekki
June 26, 2024MidstreamNewsOil & GasSabotage

Fire erupts in a section of Dangote refinery in Ibeju-Lekki

Oredola Adeola   The massive $19 billion Dangote Oil Refinery and Petrochemicals in Ibeju-Lekki experienced a fire outbreak on Wednesday, June 26, 2024.   This incident comes just days after the management of the 650,000 barrels per day refinery raised alarms…

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NMDPRA dismisses Dangote Refinery’s claims of dirty fuel imports as “False”
June 26, 2024DocumentaryMidstreamNewsOil & Gas

NMDPRA dismisses Dangote Refinery’s claims of dirty fuel imports as “False”

  … claims as of June 2024, average sulfur content in all imported Diesel is below 50/ppm limits … says deregulation of downstream sector allows petroleum marketers to source products freely “We deferred declaration, to allow local refineries continue to…

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