LNG
14 Mar
While reaffirming commitment to bolster the nation’s gas supply, the Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo, has reassured a sustained increase in gas production and distribution.
10 Dec
In its efforts to further boost natural gas utilisation in the country and enhance Nigeria’s gas revenue, NNPC Ltd has signed two major agreements to deliver LNG to the domestic gas market and the international LNG market. During two separate signing ceremonies held on the sidelines of the on-going United Nation’s Climate Change Conference (also…
25 Oct 2023
The African upstream oil and gas sector is currently undergoing an $800 billion capital expenditure (capex), as reported by Wood Mackenzie. The organisation is projecting liquefied natural gas (LNG) as a significant investment theme alongside traditional deepwater oil exploration.
2 Jul 2023
This may not be the best of time for Nigeria’s hydrocarbon sector, as its natural gas production declined to 40.4 billion cubic meters (bcm) in 2022. The June 2023 Statistical Review of World Energy Report revealed that the nation’s Liquefied Natural Gas...
1 May 2023
Nigeria stands to earn $176 million, if it can explore embargo on Russian gas to supply 10.7 per cent of the total Liquified Natural Gas (LNG) supplies to Europe (512 billion cubic feet) to bridge its cash crunch challenge.
Latest
8 mins ago
The Managing Director of the Niger Delta Development Commission (NDDC), Dr Samuel Ogbuku, has promised that the commission will now meet on a quarterly basis with stakeholders of the commission to enhance the formulation and sustenance of the Commission's overall strategies for the development of the region. Ogbuku made the promise during an interactive forum…
1 hour ago
The Kogi State House of Assembly, during plenary on Tuesday, has asked the Economic and Financial Crimes Commission (EFCC) to remove the ‘wanted’ tag that it placed on Yahaya Bello, the immediate past governor of the state. EFCC declared Bello alongside Ali Bello, Dauda Suleiman and Abdulsalam Hudu on 19-count charges bordering on money laundering…
1 hour ago
Two Premier League footballers have been arrested over rape allegations. The alleged rape incident is said to have taken place on Friday night. According to UK publication, The Sun, Cops stormed the club’s stadium this weekend and one of the players, aged 19, was spoken to on suspicion of assault and aiding and abetting a…
2 hours ago
The University of Nigeria Nsukka (UNN) on Tuesday suspended Mfonobong David Udoudom, a lecturer in the General Studies division, who was caught in a video allegedly harassing a female student. The university said that the indefinite suspension is with immediate effect pending the outcome of a disciplinary panel constituted to investigate the incident. UNN spokesperson,…
2 hours ago
Davido has reacted to accusations by song producer Napji that he failed to pay his royalties for the production of his songs. Napji alleged he is the brain behind three of Davido’s hit songs. In an “X” post, he disclosed that he produced the songs ‘Jowo’, ’Fem’ and Sunlight In the album' A better time’,…
3 hours ago
The chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has accused the former Kogi state Governor, Yahaya Bello, of withdrawing $720,000 from state's account to pay for his child’s school fees in advance. Olukoyede disclosed this during a press briefing on Tuesday, April 23. "A certain governor, because he knows he is…
3 hours ago
Nollywood actor, Olanrewaju James, popularly known as Baba Ijesha, has filed an appeal with the Court of Appeal. The actor filed the appeal at the Lagos Division, seeking to overturn his conviction by a Lagos State High Court for the sexual assault of a minor. Baba Ijesha, represented by his counsel Kayode Olabiran, argued that…
3 hours ago
The Economic and Financial Crimes Commission (EFCC) has frozen over 300 accounts over suspicious forex flows. The EFCC chairman, Ola Olukoyede, who stated this on Tuesday said the agency discovered a new financial scheme that poses a significant threat to the stability of the foreign exchange market. According to Olukoyede, the scheme, known as the…
3 hours ago
Due to popular demand, Founders Connect Live returns for an even more electrifying event on Saturday, May 25, 2024. In partnership with Africhange, this highly anticipated event promises to be a convergence of entrepreneurs, investors, innovators, creators, and tech talents who will come together for an exciting day of invaluable networking, thought-provoking conversations, and innovative…
4 hours ago
Music Producer Kehinde Emmanuel, popularly known as Napji has accused Davido of not paying him his full royalties. Napji alleged he is the is the brain behind three of Davido's hit songs. In an "X" post, he disclosed that he produced the songs ‘Jowo’, ’Fem’ and Sunlight In the album A better time', but has…