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Italian divers discover 2,000-year-old Roman shipwreck

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Italian divers discover 2,000-year-old Roman shipwreck

Business

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NLC demands overhaul of Nigeria’s ‘failing’ energy sector model

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Norway’s Equinor sells 20% share in Chevron Agbami field
Business

Norway’s Equinor sells 20% share in Chevron Agbami field

Equinor of Norway has completed the sale of its 20.21 percent interest in the Agbami oil field, which is operated by Chevron. The Punch reported that the Nigerian company Chappal Energies, owned by Equinor, announced on Wednesday that the company will purchase Equinor’s portion of the Agbami oil field for an undisclosed sum. Equinor Nigeria Energy Company’s […]

Ex-shippers council boss urges freight forwarders to embrace technology
Technology

Ex-shippers council boss urges freight forwarders to embrace technology

The former Chief Executive Officer and Executive Secretary of the Nigerian Shippers Council, Hassan Bello, advocated for licensed customs agents and freight forwarders to adopt technology in order to guarantee the sector’s expansion. The Punch reported that Bello made this statement in Ikeja, Lagos, on Wednesday, during the Association of Nigerian Licenced Customs Agents’ inauguration of […]

How increased electricity access will drive investment - Seplat
Electricity

How increased electricity access will drive investment – Seplat

The Director of External Affairs and Social Performance at Seplat Energy, Chioma Afe, has stated that increasing access to electricity is critical for driving the development of the Nigerian economy. According to The Punch, she expressed concerns regarding the negative effect that the nation’s high diesel imports are having on its foreign exchange reserves. Data from the […]

Oil and Gas

NEITI, oil producers partner on transparency, accountability

The Nigerian Extractive Industries Transparency Initiative and the Oil Producers Trade Section have held meetings with mining companies and oil companies to discuss ways to improve accountability and transparency in the country’s solid minerals and oil and gas industries. The Punch reported that OPTS organized the forum in Lagos, where the Executive Secretary and Chief Executive […]

Gas production drops despite FG's N250bn intervention fund - Report
featured

Gas production drops despite FG’s N250bn intervention fund – Report

Last year’s natural gas production decreased even though fifteen companies received a N250 billion intervention fund. The Punch reported that the Energy Institute and KPMG jointly released an industry report stating that between 2021 and 2022, Nigeria’s natural gas production fell by 4 billion cubic feet meters. Gas production in the country, which was estimated to […]

X lifts search ban on Taylor Swift
News Tech

Taylor Swift, Miley Cyrus lead Spotify 2023 Wrapped

Spotify has unveiled its yearly Wrapped campaign, which includes delivering individualized statistics for top-streamed artists, albums, songs, and podcasts for 2023. This year, Taylor Swift has surpassed Bad Bunny, who had held the title for the previous three years, to become the most streamed artist globally on Spotify. Alongside Drake, Morgan Wallen, The Weeknd, and […]

Spotify unveils 2023 Wrapped
News Tech

Spotify unveils 2023 Wrapped

Streaming platform, Spotify on Wednesday launches the Spotify Wrapped which gives every user the opportunity to relive the songs, albums, and performers that impacted them. Spotify Wrapped is still one of the most enjoyable products that the company has come up with, and now in its ninth year, it’s looked forward to with much anticipation. […]

Why Nigerian govt prefers imported vehicles - Minister
News

Why Nigerian govt prefers imported vehicles – Minister

Bisola David The Nigerian government, according to Minister of Industry, Trade, and Investment Dr. Doris Uzoka-Anite, prefers to purchase cars from overseas manufacturers since local producers are still deemed to be deficient in after-sale service. According to The Punch, this explanation was given by the minister during a recent stakeholders’ engagement forum held in Lagos […]

Nigeria to phase out diesel, embrace hybrid energy — Shettima
News Tech

FG to intervene in building, manufacturing sector – Shettima

Bisola David Vice President Kashim Shettima has stated that the current administration’s economic policies will resuscitate economic activity in the manufacturing and engineering sectors. According to The Punch, in order to strengthen the fight against hunger, poverty, and corruption, he also committed to enacting policies that would maximize the country’s economic potential by fostering inclusiveness, […]

IATA, weather company collaborate on data
Aviation

Why aviation industry hasn’t recovered from pandemic losses – IATA

The aviation industry is still getting over the losses from the pandemic that severely disrupted airline operations around the world, according to the International Air Transport Association. The Punch reported that Africa’s aviation industry is predicted to have suffered $7.7 billion in losses in 2020 as a result of government restrictions imposed to stop the […]

Apple, Goldman Sachs end credit-card partnership
News Tech

Apple, Goldman Sachs end credit-card partnership

Apple and Goldman Sachs Group are ending their credit card agreement, according to a Wall Street Journal report published on Tuesday. The report revealed that the IT giant recently submitted a proposal to the Wall Street bank to end the contract within the next 12 to 15 months. In 2019, Apple and Goldman began launching […]

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