Author: uzo.nzeogu

.Insist appointments won’t reopen oil wells .As Wike commends nominations Some Ogoni stakeholders in Rivers State have commended the nomination of former Senator representing Rivers South-East, Magnus Abe, and former Minister of Trade and Investment, Kenneth Kobani, to the boards The post Ogoni hails Abe, Kobani nominations to NUPRC, NMDPRA boards appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

Transgrid Enerco Limited has completed the acquisition of a 60 per cent equity stake in Eko Electricity Distribution Plc (EKEDC) The post Transgrid Enerco acquires 60% of EKEDC appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

Nigeria’s petroleum sector is entering a pivotal phase as domestic refining gains momentum as the Petroleum Products Retail Outlets Owners The post PETROAN projects 850,000bpd output from new refineries appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

Heirs Energies Limited has acquired the 20.07% equity stake in Seplat Energy Plc previously held by Maurel & Prom (M&P), a transaction valued at approximately $500 million. The stake, comprising 120.4 million ordinary shares, was purchased at GBP3.05 per share. The post Heirs Energies acquires Maurel & Prom’s stake in Seplat for $500m appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

The Nigerian National Petroleum Company Limited (NNPC) has commenced moves to sell stakes in some of its oil and gas assets, according to a report by Reuters. The state-owned energy firm is seeking to optimise its portfolio and attract fresh The post NNPC begins process to attract investors through planned asset stake sales appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

President Bola Tinubu has approved the cancellation of a substantial portion of the Nigerian National Petroleum Company Limited (NNPC Ltd)’s outstanding debts owed to the Federation Account. The decision was detailed in a document by the Nigerian Upstream Petroleum Regulatory The post Tinubu approves $1.42b, N5.57tr debt write-off for NNPCL appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

The Federal Government has signed a Memorandum of Understanding (MoU) with Chinese infrastructure and Internet of Things (IoT) solutions provider, You Jie Te Environment Technology Ltd (YJT), to localise the manufacturing and assembly of Compressed Natural Gas (CNG) and electric The post FG signs MoU with Chinese firm to localise CNG, EV infrastructure manufacturing appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

By any honest measure, the Nigerian National Petroleum Company Limited (NNPC Ltd.) bears one of the most damaged public reputations in the The post How NNPC Foundation can transform Nigeria’s oil wealth to lasting public good appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

The Federal Government has entered into a Memorandum of Understanding (MoU) with RSE Energy to deploy off-grid and embedded power solutions for industrial clusters nationwide. The agreement is aimed at addressing persistent energy constraints that have continued to undermine industrial The post FG, RSE Energy partner on embedded power solutions for industries appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

Investors do not chase potential – they chase predictability. Africa has plenty of the former while it is steadily building the foundations The post Why Africa’s downstream sector is the next global investment frontier appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article