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Seplat, Aradel, Oando post ₦7.05trn revenue amid US-Iran war

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Oil firms acquire 26 oil mining licences in 10-year - NCDMB
featured

Oil firms acquire 26 oil mining licences in 10-year – NCDMB

    Nigerian oil companies have obtained approximately 26 oil mining licenses in the Niger Delta basin over the past decade. According to The PUNCH, this was disclosed by the Executive Secretary of the Nigerian Content Development and Monitoring Board, Engr. Simbi Wabote. He stated this during the 2023 Petroleum and Natural Gas Senior Staff […]

OpenAI mulls $500bn valuation in employee share sale talks
News Tech

OpenAI plans updates to lure developers

OpenAI intends to provide significant improvements for developers next month to make it easier and quicker to create software applications based on its artificial intelligence models, according to Reuters. The changes include the developer tools’ ability to use memory storage for AI models. This presumably addresses a big problem for partners whose expenses of employing […]

Manufacturers warn price hikes to persist without solutions
Business

MAN laments increasing manufacturing costs

The Manufacturers Association of Nigeria has stated that the manufacturing industry is under severe threat from the increasing rise in production costs. The MAN President, Francis Meshioye, made this know on Wednesday during the its pre-Annual General Meeting press briefing in Lagos The 51st Annual General Meeting of the Association will be held in Lagos […]

Chinese, Nigerian energy firms sign $1bn gas flaring deal
Oil and Gas

Lagos, firm partner to reduce gas emissions

Smart Gas Company Limited announced a collaboration with Odiolowo/Ojuwoye Local Council Development Area, Ilupeju in Lagos State, to promote a cleaner environment and reduce gas emissions into the atmosphere. According to The Punch, the firm said in a statement on Tuesday that the action also guarantees the protection of the ozone layer and prevents the […]

35 Niger Delta students win NNPCL-Shell scholarships
News

35 Niger Delta students win NNPCL-Shell scholarships

The NNPCL-Shell Cradle-to-Career scholarship program has awarded 35 gifted students from public primary schools in three Niger Delta states with scholarships. The Punch reported that the scholarship covers the complete six years of secondary school education. The recipients, who come from Rivers, Delta, and Bayelsa states recently finished a week-long orientation program with introductory classes in academics, character, and […]

Oil production increases to 1.35m barrels/day
Oil and Gas

Oil production increases to 1.35m barrels/day

  By Wilson Adekumola Nigeria’s crude oil output reportedly rose to 1.35 million barrels per day in September 2023, as the country pumped its highest volume of crude oil this year. This was revealed in latest figures obtained from the Nigerian Upstream Petroleum Regulatory Commission on Wednesday, showing that the country’s output in September was […]

Oil companies get 26 divested licenses in 10 years
Oil and Gas

Oil companies get 26 divested licences in 10 years

Over the past ten years, 26 oil mining licences in the Niger Delta basin have been purchased by Nigerian oil companies. The Punch reported that the executive secretary of the Nigerian Content Development and Monitoring Board, Engr. Simbi Wabote, said this on Wednesday at the Abuja Energy and Labour Summit for the 2023 Petroleum and Natural Gas […]

Sony to invest $10m in African entertainment startups
News Tech

Sony to invest $10m in African entertainment startups

The Sony Group on Wednesday announced the launch of Sony Innovation Fund: Africa (SIF: AF), a programme that will aid the expansion of entertainment companies in Africa. Tokyo multinational conglomerate Sony Ventures Corporation (SVC) has set aside $10 million for early-stage entrepreneurs in the gaming, music, film, and content distribution industries. This fund targeted at […]

ChatGPT’s AI image feature delayed for free users
News Tech

US space force bans AI tools usage

The U.S. Space Force has temporarily stopped using ChatGPT and other web-based generative AI tools for its personnel due to concerns about data security. Until they gain formal approval from the force’s Chief Technology and Innovation Office, workers are not permitted to use such AI technologies, particularly large-language models, on government systems, according to a […]

Over 400,000 passengers use Blue Rail Line - LAMATA
Business

Lagos to suspend blue rail services for two days

The Lagos State Government has announced that the newly inaugurated Lagos Rail Mass Transit Blue Line train service will be temporarily suspended on Saturday, October 14, and Sunday, October 15 in order to transition from locomotive to electricity. According to Nairametrics, the short closure of the Blue Rail Line will also aid in the transition from […]

Why Tinubu should ban dollar cash transactions - Operator
Appointments

Tinubu sacks NCC, NIPOST CEO, appoints replacements

President Bola Tinubu has sacked the Executive Vice Chairman of the Nigerian Communications Commission, Prof Umar Danbatta, in a sweeping shift that also affected the Postmaster General of the Nigeria Postal Service and the CEO of Nigeria Communication Satellite Limited. According to The Times, Aminu Maida will succeed Danbatta as the EVC/CEO of the NCC, and […]

X introduces new subscription plans for premium users
News Tech

German agency to delete X handle over discrimination

The Federal Anti-Discrimination Agency of Germany announced that it would delete its account on the social networking site X. The agency has decided to shut its account due to the growing intolerance of minorities displayed by site users, and has advised other organisations to do the same. Ferda Ataman, the agency’s commissioner, said in a […]

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