NNPC Advises Petrol Consumers Against Panic Buying …Assures Holding 2.6 Billion Litres Of PMS Stock To Last 50 days

The Nigerian National Petroleum Corporation (NNPC) has assured petroleum products consumers across the country not to engage in panic buying as it holds 2.6 billion litres of Premium Motor Spirit otherwise called petrol and 90,000 metric tonnes of Dual Purpose Kerosene (Kerosene), saying the holding is expected to last 52 days, assuming no single drop of products is imported from now.

REDTV rave is The Official Headliner GIG Of 2018

The much anticipated and talked about REDTVrave3 finally rocked Lagos on Saturday, the first day of December. The online lifestyle network owned by the United Bank for Africa Group is one that is fast becoming a leader when you refer to lifestyle brands.

EU Trust Fund For Africa: Flexible Emergency Tool, But Lacking Focus, Say Auditors

The EU Emergency Trust Fund (EUTF) for Africa is a flexible tool for providing assistance in areas such as food, education, health, security and sustainable development, according to a new report by the European Court of Auditors.

Africa Economic Conference 2018 Focusses On Africa Visa Openness And Integration

For millions of ordinary travellers, inter-African travel is still too often a nightmare. Be it border hassles, lack of road or air routes linking key cities, or the frustrations of being refused entry to a country because of visas, the end result is to curtail the free movement of people, viewed by the African Development Bank as one of the pillars of regional integration.

Millennium Challenge Corporation Improves Electricity Access In Malawi With GE Power’s EMS

GE’s EMS will provide real-time and remotely managed information on Malawi’s electrical grid and power outages; Project will pave the way for development of Africa’s regional interconnections.

Applications for Tony Elumelu Foundation Entrepreneurship Programme 2019 Opens on TEFConnect … Applications will be hosted on the largest digital networking platform for African entrepreneurs, TEFConnect – www.tefconnect.com

On the 1st of January 2019, at 12am, WAT, the Tony Elumelu Foundation will begin accepting applications for the fifth cycle of its Entrepreneurship Programme. 1,000 selected applicants will join the current 4,470 beneficiaries of the Programme.

NNPC Clarifies Trans Forcados Pipeline Surveillance Contract …Says Over $800m Lost To Breaches Under Old Contract

The Management of the Nigerian National Petroleum Corporation (NNPC) has proffered informed perspective on the reported award of oil infrastructure surveillance contract to an indigenous firm, Ocean Marine Solutions for the protection of the strategic 87-kilometre Trans Forcados Pipeline (TFP).

Budget Plans May Be Distorted, Economy Dragged Into Technical Recession As Oil Prices Head For The Rocks

As crude oil price slips below the $60/barrel budget benchmark, the fundamental pillars of the budget plan may be shaken and the economy slip into technical recession.

Naira Slumps In Spite Dollar Revenue From Cocoa, Visiting Nigerian Relatives … Analysts Say, 30% Fall In crude Oil Prices, Election Risk Culpable

For the first time in about 10 years, the naira has slumped against the dollar in the parallel market despite support from the Central Bank of Nigeria (CBN).
The turn in event is shocking as dollar inflows from cocoa, visiting friends and Nigerian relatives fail to lift the local currency as it has done in the past decade.

African Oil Producers Must Support OPEC To Restore Stability With Production Cuts

The African Energy Chamber urges the Organization of the Petroleum Exporting Countries and other key global oil producers, including Russia, to continue with the historic production cuts at the December 6, 2018 OPEC meeting to stabilize the oil price.