TotalEnergies has begun oil production from the Ikike field located in oil mining lease (OML) 99.
The field, owned jointly with the Nigerian National Petroleum Company (NNPC) Limited, was discovered in 1977, with TotalEnergies (the operator) holding 40 per cent shares and NNPC 60 per cent shares.
Located 20 kilometres off the coast, at a depth of about 20 meters, the Ikike platform is tied back to…
Dangote petrochemical plant to position Nigeria as polypropylene hub in Africa
July 29, 2022
Dangote’s $2 billion Petrochemical Plant located at Ibeju-Lekki, Lagos State, when fully operational will position Nigeria as one of Africa’s largest petrochemicals hubs and boost non-oil export earnings for the country, according to the Dangote Group President, Aliko…
Leading digital technology solutions providers, innovative users and digital savvy states have been honoured at the 18th Annual Titans of Tech Awards which held in Lagos.
African Data Centre was crowned as the Most Innovative Data Centre Service Provider Of The Year, Zoho…
The Culture Festival, a global event series organised by the Art of Living Foundation, has pledged to inspire and support youth entrepreneurs to continually support economic growth through entrepreneurship.
The foundation confirmed the commitment ahead of its forum holding in Lagos from August 19 to 21.
The event, with the theme: Vibrant Africa: The Rising Rhythm, the Festival aims to…
Non-remittance of dollars to foreign reserves by the Nigeria National Petroleum Corporation (NNPC) is responsible for naira’s free fall in the official and parallel markets, the Central Bank of Nigeria (CBN) has said.
As at the close of work yesterday, the naira traded for…
In line with their mission to deliver solutions that enhance stakeholders’ value, Sterling Bank has launched another branch of their coworking space, Café One, at the Palms Shopping Mall, on 15 July 2022 in Ibadan.
Café One is a digital hub that also doubles as a…
umia is the leading e-commerce platform in Africa with its marketplace supported by its proprietary logistics business, Jumia Logistics, and its digital payment and fintech platform, JumiaPay. Jumia Logistics enables the seamless delivery of millions of packages while JumiaPay facilitates online payments and the distribution of a broad range of digital and financial services.
Jumia provides an…
Gamic Guild is set to introduce gamers to blockchain gaming by hosting “Gameathon”
July 28, 2022
Lagos, Nigeria – Gamic Guild is set to introduce gamers to blockchain gaming by hosting “Gameathon”, the biggest play-to-earn video game tournament in Africa.
Gamic Guild is the largest play-to-earn gaming guild in Africa, currently creating multiple economic earning…
Wow!lotto celebrates Anniversary, makes Nigerians richer with over N141 Million Payouts
July 28, 2022
Nigeria’s First Interactive Gaming Lottery, wow!lotto, marked its first year anniversary this July. This lottery platform with exceptionally bright interactive features for smartphones and PCs has immersed Nigerians in the atmosphere of its games and has made it possible…
Nigeria’s total foreign debt as at March, this year stood at $40 billion, increasing from $38.4 billion last December; domestic debt also rose from N23.7 trillion to N25 trillion within the same period.
Such levels of debt, the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) said, had become unsustainable.
NACCIMA National President Ide John C. Udeagbala…