Deploying seamless backward integration in the energy sector will foster growth and sustainability enabled by improved efficiencies, innovation, upgrade in local expertise and participation, and the collaboration of host communities in operations across the value chain, Ejiro Gray, Director, Governance and Sustainability, Sahara Group has said. Gray who addressed journalists at the 6th Nigeria International […]

read more Sahara Group advocates backward integration to bolster sustainability

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says as of January 1, 2023, the country’s oil and condensate reserves stood at 36.966 billion barrels. This represents 31.060 billion barrels of oil and 5.906 billion barrels of condensate. Gbenga Komolafe, the NUPRC Chief Executive, said at the sixth edition of the Nigeria International Energy Summit (NIES […]

read more Nigeria’s oil reserves now stand at 37billion – NUPRC

The average retail price of Automotive Gas Oil, popularly known as diesel, paid by consumers increased by 55.90 percent in one year as businesses and households battled to maintain operations. According to recent data from the National Bureau of Statistics (NBS), diesel prices rose year-on-year from N312 to N840 per litre in March 2023. On […]

read more Businesses groan as diesel prices rise by 56% in 1yr

Flutterwave, Africa’s leading payment technology company has announced that Kenya will serve as its regional hub in East Africa. This was disclosed at a two-day program anchored by Meg Witman, U.S Ambassador to Kenya who delivered opening remarks on, ‘Why Africa, Why Kenya,’ The program was closed by Williamt Rutowho, President of Kenya who announced […]

read more Flutterwave to anchor East Africa regional hub in Kenya

Nigeria’s crude oil output fell to 1.26 million barrels per day (bpd) in March this year, the first decline in seven months, according to the Nigerian Upstream Petroleum Regulatory Commission’s (NUPRC) latest oil production status report. Data from the upstream regulatory body shows that the country’s oil production decreased by 2.9 percent from 1.3 million […]

read more Nigeria’s oil production falls first time in 7 months