Category: Energy

Defamation: Ibrahim Files ₦50 Billion Suit Against Punch, Columnist Over UN Appointment Critique

Justina Emmanuel-Okpara

A major legal battle is unfolding in Nigeria’s media and political landscape after Senator Jimoh Ibrahim filed a ₦50 billion defamation suit against Punch Newspapers and veteran columnist Sonala Olumhense over a sharply critical opinion article questioning his suitability for diplomatic office. The lawsuit follows the publication on March 15, 2026 of Olumhense’s column titled “Jimoh Ibrahim, in broad daylight,” which examined the senator’s record shortly after his appointment as Nigeria’s Permanent Representative to the United Nations by President Bola Ahmed Tinubu. The column, written in Olumhense’s characteristic accountability style,…

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Mining: EBID Invests $120m Financing Facility In Ghana’s E&P To Acquire Black Volta

Admin

The Board of Directors of the ECOWAS Bank for Investment and Development (EBID)has approved a $120 million financing facility for Engineers & Planners Limited (E&P), a leading indigenous mining and construction firm in Ghana, to acquire the Black Volta Gold Mine. A statement made available to this medium by Anita SOMDA of the communication and external relations unit, EBID, said this transaction marked a significant step toward establishing Ghana’s first fully indigenous, wholly owned mining company, aligning with global standards for local participation and sustainable resource development. The transaction, which started…

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Dangote to deepen FG’s diversification agenda with coal export soon

Admin

The  Nigerian Ports Authority (NPA) and Dangote Industries Limited (DIL) are targeting between  $6.5 million and $7 million as  daily revenue from exports. The  President of DIL, Aliko Dangote, explained during a visit to NPA’s head office  in Lagos on Monday that the company would  start exporting coal out of Nigeria in the next couple of weeks, adding that its fertiliser export would  be almost like eight cargoes.  Dangote said that the refinery operations would not export less than 25 million tonnes of various products. According to him,  the company will also be exporting almost…

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Elumelu: Future belongs to nations with investments in Africa

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The Chairman, Heirs Holdings, Mr. Tony Elumelu, has called on countries interested in future greatness to invest in Africa. The prolific investor, who dropped the hint on his X handle while attending the Fintech Summit in Dubai on Monday, said the future belonged to nations that invest in Africa today with opportunities spanning electricity, mass transit, and digital connectivity. Emphasising that Africa is open and ready for business, Elumelu, who is also the Chairman, United Bank for Africa (UBA) and Founder, The Tony Elumelu Foundation, said: “Africa does not need…

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NNPC/Aiteo Joint Venture Launches Nembe Crude Oil Grade

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The NNPC/ Aiteo Joint venture has announced the introduction of Nembe Crude Oil Grade, a new crude oil grade into the international crude oil market. The announcement of the Nembe Crude Oil Blend, produced by Aiteo, the Operator of the NNPC/Aiteo Oil Mining Lease (OML) 29 Joint Venture (JV), was made at the ongoing Argus European Crude Conference in London, on Tuesday. OML 29, an asset located onshore Nigeria, is operated by Aiteo Eastern Exploration & Production Ltd, Africa’s leading indigenous hydrocarbon producer, following a historic acquisition from Shell in…

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Bloomberg: Dangote Reclaims Richest Man In Africa Spot With $15.6bn

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President of Dangote Group, Aliko Dangote remains the richest man in Africa, despite the volatility of Nigerian currency against the dollar. Bloomberg in its daily top billionaire lists, released on Tuesday, revealed that Dangote with a wealth of $15.6 billion topped other Africans in the Index. Dangote, who remains the richest man in Africa for the 12th year running, was the only Nigerian on the list of the top 500 billionaires, as released by Bloomberg. Other Africans listed in the latest top 500 world billionaires list for the year 2023…

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Meet Olu Verheijen, President Tinubu’s Energy Adviser

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President Bola Ahmed Tinubu has appointed Ms. Olu Verheijen as his adviser on the Energy sector, as part of recent appointments in key sectors of the economy. With nearly 20 years of experience, Ms Verheijen brings extensive knowledge and expertise in the oil, gas, power, and renewable energy sectors in sub-Saharan Africa. Her previous roles include serving as a Deal Lead at Shell, where she advised on gas commercialization and participated in multi-billion-dollar mergers and acquisitions transactions. She currently leads Latimer Energy, a consultancy firm specializing in energy sector investment…

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World Environment Day: Egbin Power Plc Charts Path For Environmental Sustainability

JUSTINA EMMANUEL OKPARA

…urges global concerted efforts Deliberate actions designed to further reduce environmental pollution in line with global agenda for sustainability have been outlined by Egbin Power Plc, the largest power generating station in Nigeria, to commemorate World Environment Day 2023, under the theme “Solutions to Plastic Pollution.” The GenCo, while raising awareness about the hazardous impact of pollution on the environment, also called for concerted global efforts among governments, businesses, and individuals towards building a more sustainable world. Speaking during the activities outlined to commemorate this year’s World Environment Day, Chief…

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Orjiako To Step Down As Chairman Of Seplat Energy

Dorothy Ewa

Seplat Energy Plc has announced the decision of its Chairman Dr. A.B.C. Orjiako to step down as Chairman of the Board of Directors of Seplat Energy Plc. Orjiako notified the Board of Directors of his decision yesterday, November 17, 2021. According to a statement from the company, in order to facilitate an orderly transition Orjiako will remain as Chairman until the next Annual General Meeting in May 2022, when an Independent Chairperson will take over. Orjiako is the co-founder and pioneer of Seplat Energy. Since 2009, as Chairman of the…

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