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MOWCA, AfDB collaborate to boost maritime trade

08.05.2025
In a bid to boost maritime trade in the Gulf of Guinea, the Maritime Organisation of West and Central Africa and the African Development Bank have said that they will be diverting vessels from the conflict-prone Red Sea, where prevalent armed tensions continue to disrupt global shipping routes. This is even as the institutions said...
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Shippers’ council seeks improved port access for NESREA

08.05.2025
The Nigerian Shippers’ Council has called for increased support to enable the National Environmental Standards and Regulations Enforcement Agency to carry out its mandate effectively at the nation’s seaports. Speaking recently when he hosted some members of NESREA in Apapa, the Executive Secretary of the NSC, Dr Pius Akutah, lamented that NASREA faces some challenges...
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SIFAX Group wins CSR award

08.05.2025
SIFAX Group has won the CSR Impact & Excellence Award, organised recently by Media Consortium. In a statement on Tuesday, the organisers stated that the award recognises the company for its exceptional contributions to community development through impactful Corporate Social Responsibility initiatives. The organisers explained that the award titled ‘Outstanding CSR Initiative in Community Development’...
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Axxela gets recognition in sustainability rating

08.05.2025
Axxela Limited, a gas and power portfolio company in sub-Saharan Africa, says it retains its Gold Medal in the 2025 EcoVadis Sustainability Rating, reaffirming its position as a trailblazer in sustainable business practices. In a statement, Axxela said this recognition placed it in the top five per cent of companies assessed globally by EcoVadis within...
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A New Era in Export Tracking

08.05.2025
The Nigerian Export Promotion Council and the National Bureau of Statistics have signed a Memorandum of Understanding to improve the tracking and documentation of informal cross-border trade, which has cost the country up to $31.8m in unrecorded transactions. The agreement, signed in Abuja, seeks to establish a framework for capturing export data from informal trade...
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ExxonMobil commits to $1.5bn deepwater oil fields investment

08.05.2025
ExxonMobil has confirmed plans to invest $1.5 billion in Nigeria’s deepwater exploration and development for the next two years. The planned investment, which will be executed between Q2 2025 and 2027, will focus primarily on revitalising production at the Usan deepwater oil field. The oil major also indicated that a Final Investment Decision is expected...
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Rainoil unveils cooking gas plant in Ondo

08.05.2025
Rainoil Gas Limited, a player in the downstream energy sector, has unveiled a Liquefied Petroleum Gas plant in Ore, Ondo State. In a statement on Wednesday, the firm said this aligns with the Federal Government’s agenda to expand gas accessibility and promote clean cooking energy across Nigeria. Speaking at the commissioning ceremony held along the...
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Seplat raises oil output to over 131,000bpd

08.05.2025
Seplat Energy says its average daily hydrocarbon production hit 131,561 barrels of oil equivalent per day in the first quarter of 2025. In the company’s audited results for the three months of the year, it was disclosed that crude oil and gas production was 167 per cent higher than the 49,258 barrels per day produced...
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Sahara Group plans empowerment programme for inventors

08.05.2025
The Sahara Group Foundation has reaffirmed its commitment to building sustainable communities by empowering inventors and impact-driven thinkers who are shaping Africa’s future through its ‘Making A Difference Around Africa’ Reloaded initiative. The foundation said it has repositioned the MADAA initiative to support entrepreneurs on the continent with seamless access to markets, technology, and business...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

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04.10.2024
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Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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