Business

SLB Secures Major Contract with TotalEnergies for Angola’s Kaminho Deepwater Project

TotalEnergies has awarded Angola’s SLB a contract to supply subsea production systems for Angola’s Kaminho deepwater project, enhancing oil output.

1 month ago

NNPC Begins Search For Credible Firms To Operate, Maintain Warri, Kaduna Refineries

EXCERPT: NNPC has opened tenders for reputable companies to manage the Warri and Kaduna refineries, aiming to bolster Nigeria's energy…

1 month ago

Adamu: FCCPC Will Ensure That Associations Who Distort Market Prices Will Face the Law

Adamu has warned market associations against restrictive practices, urging market management to act or face legal consequences.

1 month ago

Aradel Acquires $19.5m Marginal Oil Fields from NNPC, TotalEnergies

Aradel Holdings has acquired Olo and Olo West Marginal Fields from TotalEnergies and NNPC for $16M Plus $3.5M in deferred…

1 month ago

Elumelu Urges African Leaders to Optimise Natural Resources for Energy Independence

On Heirs Holdings' 14th anniversary, Elumelu urged African leaders to optimise natural resources to address Africa's severe energy insufficiency.

1 month ago

Nvidia Shares Fall Despite Record-Breaking AI Revenue Growth

Nvidia's shares have dropped 6% despite surpassing expectations with $30 billion in revenue, as growth showed signs of slowing.

1 month ago

Aviation Minister Keyamo Signs Strategic MoU with Boeing to Advance Nigerian Aviation Sector

Nigeria’s aviation sector is set for a major upgrade following a strategic MoU signed with Boeing to modernise its airlines.

1 month ago

Nigeria’s Non-Oil Exports Generated $2.7bn In H1 2024, Export Council Reveals

The NEPC reported a 6.26% increase in non-oil exports, reaching $2.7bn in H1 2024, driven by diversification into semi-processed products

1 month ago

Nigerian Manufacturers Urge CBN To Reduce Interest Rates, Waive FX Conditions

EManufacturers Association of Nigeria has urged Central Bank to reduce interest rates, waive foreign exchange conditions to boost local production.

1 month ago

Samsung SDI, General Motors Launch $3.5bn EV Battery Factory In Indiana, US

Samsung SDI and General Motors has invested $3.5 billion in Indiana EV battery factory, aiming for 2027 mass production start.

1 month ago