Business Hilights

Tracking Nigeria's Headline Business News Online

Energy

PR: America accounts for 31% of the globe’s nuclear-generated electricity

According to a StockApps data presentation, the U.S. generates the most nuclear electricity globally. The country’s nuclear power plants produce nearly 790,000 GWh of electricity. That’s roughly 31% of the world’s total electricity production from the resource. StockApps’ finance and…

EIB driving affordable off-grid energy in Benin Rep

Households, smallholders and entrepreneurs in remote locations across Benin will be able to access reliable and cheap electricity for the first time under a new off-grid solar scheme agreed between leading solar energy company ENGIE Energy Access and the European…

NCDMB To Set Minimum Benchmark for Women in Oil and Gas

…to begin disbursement of $40m Women Fund The Nigerian Content Development and Monitoring Board (NCDMB) has announced plans to set a minimum percentage of females that must be included in any human capacity development (HCD) programme or initiative that it…

Petroleum Education to solve challenges of Energy Transition, Gas – Wabote

There is an urgent need for the Federal Government and other stakeholders of the oil and gas industry to intensify efforts in the promotion of quality petroleum education and development of competent manpower who would help Nigeria meet the challenges…

NCDMB boss lays foundation stone of Future Concerns’ PPE Factory

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote on Wednesday laid the foundation stone of a personal protective equipment (PPE) factory being developed by Future Concerns Group in Lekki, Lagos. The factory…

WAPCo celebrates 10 years of Commercial Operations

The West African Gas Pipeline Company Limited (WAPCo) will hold a major event in Nigeria to mark the 10th Anniversary of the start of its Commercial Operations. The event is also aimed at appreciating our diverse stakeholders in Nigeria who…

5,000MW by July 1 in new power deal possible—FG

All things being equal, the Nigerian Electricity Regulatory Commission (NERC) has said plans have been concluded for the power sector value chain to deliver a minimum 5,000MW by July 1, 2022. Executive Chairman of NERC, Mr. Sanusi Garba, stated this…

Energy bank will boost investment in oil, gas sector—FG

The Federal Government has revealed that the establishment of an energy bank will boost energy investments in the oil and gas sector and also fund projects conceptualised by women in the industry. Minister of State, Petroleum Resources, Timipre Sylva, stated…

TotalEnergies, Gabon seal forest saving deal

TotalEnergies and Compagnie des Bois du Gabon (CBG) have joined forces to develop a forward-looking model of sustainable and responsible forest management that combines sustainable harvesting, biodiversity conservation, and long-term carbon storage. TotalEnergies has become CBG’s leading partner after acquiring…

NCDMB, NAICOM Unveil Insurance Services Guidelines

The Nigerian Content Development and Monitoring Board (NCDMB) and the National Insurance Commission (NAICOM) have signed insurance services guideline which will oblige the oil and gas industry to patronize the local insurance sector, thereby retain spend in the economy. The…