Oil major, Shell, has named a new Managing Director for its deep-water subsidiary in Nigeria, Shell Nigeria Exploration and Production Company Limited (SNEPCo.) He is Ronald Adams, formerly Chief Executive Officer of Atlantic LNG, Trinidad and Tobago. He takes over from Elohor Aiboni who proceeds on international assignment to Brunei Shell Petroleum (BSP) as Asset…
Total number of Nigerians in need of food assistance could dip to 12.99 million next March from the current 17.99 million, according to Famine Early Warning Systems Network (FEWS NET), a United States Agency for International Development (USAID)-funded activity. It is a leading provider of early warning and analysis on acute food insecurity. The use…
Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu has said the changes witnessed in the state, from technological advancements to shifting market dynamics and an increasing emphasis on sustainability, are fundamentally reshaping the future of the built environment. Speaking as Special Guest of Honour at the Real Estate Discussions and Awards (REDA) 2024 organized by Thinkmint…
Oil cartel, the Organization of Petroleum Exporting Countries (OPEC) sees no sign of global oil demand receding, rather, it expects it to rise to at least 120 million per barrel (mb/d) by 2050, according to its World Oil Outlook. OPEC also revised its estimate of global oil demand in 2045 to 118.9 million b/d, a…
The National Bureau of Statistics (NBS) has said about 69.71 million litres of Household Kerosene (HHK) were locally produced in 2023 compared to 44.68 million litres in 2022, indicating a growth rate of 56.02 per cent over the period. It also said distribution of the Premium Motor Spirit (PMS) or petrol reduced by 19.96 per…
TOTAL new investments to connect hard-to-reach communities as part of Partner2Connect (P2C) by Nigeria and other member-nations of the International Telecommunication Union (ITU) at SDG Digital in Partner2Connect have reached over $1.05 billion Partner2Connect is ITU’s online pledging platform to advance universal meaningful connectivity. SDG Digital featured announcements of pledges of the $1.05 billion are…
Emerging markets-focused fintech, PalmPay, yesterday said it has contributed to deepening Nigeria’s financial inclusion policy of the Central Bank of Nigeria (CBN) with a total of 35 million users over the last five years. Managing Director at PalmPay Nigeria, Chika Nwosu, who spoke in Lagos during a brief ceremony to commemorate the fifth anniversary of…
Inadequate infrastructure to sustainably support physical card will make the idea of issuing physical ID card to Nigeria’s citizens, a digital identity and technology solutions company, , UrbanID Global, has said. The company which acknowledged current efforts by the President Bola Tinubu’s administration to improve enrolment of citizens and legal residents of the country and…
Managing Director, Private Clients, Henley & Partners, Troy Hanley, has said contrary to believe that investment migration is just about relocating out of the country, it is indeed about securing the future in the long term. Henley & Partners is a global leader in residence and citizenship planning. Speaking at a webinar ahead the company’s…
