OCCIMA ready for 2023 Imo trade fair
Sabinus Elemba
November 29, 2023
Saby Elemba in Owerri The Owerri Chamber of Commerce, Industry, Mines and Agriculture (OCCIMA) says it is ready to organise a smooth and hitch free 2023 Imo trade fair in Owerri, the Imo State capital. Anthony Amadi, president of OCCIMA stated that OCCIMA, being the apex trade forum in Imo State, assists its members to […]
Nigeria must act now to avert catastrophic effects of climate change, says think tank
Onome AmugeNovember 8, 2023
Onome Amuge Despite its low emissions profile, Nigeria is already experiencing the effects of climate change and extreme weather events. Unless urgent and bold action is taken, Nigeria could become one of the most severely affected countries by climate change, with grave implications for the country’s already fragile economic, social, and human development indicators. Agora […]
Oil prices surge to highest quotations in 2023 amid supply concerns
Onome AmugeSeptember 28, 2023
By Onome Amuge. Global oil prices jumped to their highest settlement price of 2023, following a ‘larger-than-expected’ slump in US crude inventories, raising concerns over a global supply crunch following OPEC output cuts. Recent data by the U.S Energy Information Administration (EIA), showed a 2.17 million barrel drop in oil inventories in the past one […]
All On seeks to reduce Nigeria’s energy-access gap with $80,000 grant to eight renewable firms
Innocent ObasiNovember 10, 2022
By Innocent Obasi All On, a Shell-funded impact investment company, in collaboration with the Nigeria Climate Innovation Centre (NCIC), has awarded $10,000 grant each to eight renewal energy companies who won the 2022 edition of the annual incubation program for early-stage renewable energy entrepreneurs. The winners, out of which four are women-led ventures, […]
Nigeria initiates new measures to boost mining sector revenue
Tola AkinmutimiOctober 9, 2019
By Tola Akinmutimi The Nigerian government on Tuesday said it has initiated some policy measures to ensure that revenue leakages from the nation’s mining sector were plugged and also make the industry more investment-friendly. Olamilekan Adegbite, the country’s minister of mines and steel development, made this known during a roundtable session at the ongoing […]
Stakeholders want government to revamp steel plants to check importation
Businessam StaffMay 31, 2019
Stakeholders in the Nigerian metallurgical industry have called for the development of finance strategies to encourage the growth of small and medium enterprises (SMEs) in the steel sector. They observed that if the sector was to contribute more to the gross domestic product (GDP), there was the need to revamp steel plants that could produce […]
26 industries sign up to bypass DisCos for direct power supply from GenCos
Bukola OdufadeAugust 15, 2018
Twenty-six industrial electricity customers have signed up to be supplied power directly from power generation companies (GenCos) instead of from the distribution companies (DisCos) under the eligible consumers’ scheme approved by the federal government in 2017, Babatunde Fashola, minister of power, works and housing, has said in Minna, Niger State. The eligible customers regime seeks […]
Nigeria’s BUA Group chairman, Abdul-Samad, says energy is big threat to cement plant in the northeast
Justice OkamgbaJuly 24, 2018
Access to energy remains one of the biggest threats to running a cement plant in the northern part of Nigeria, a situation which makes investors to shy away from the region, cement billionaire and founder and chairman of one of Nigeria’s major conglomerates, the BUA Group, Abdul Samad Rabiu has said. Rabiu disclosed this in […]
Samsung to go 100% clean by 2020 as it changes energy sources to renewables
Bukola OdufadeJune 14, 2018
Samsung Electronics said on Thursday that its energy sources would be 100 percent clean by 2020 as it plans on fulfilling its energy needs from renewable sources. According to a statement released by the tech giant, its factories, office buildings and operational facilities in Europe, China and U.S. would be powered by renewable energy come […]
World’s biggest miner speeds hunt for copper in ‘last frontier’
Businessam StaffJuly 25, 2017
BHP Billiton Ltd., the world’s biggest miner, has opened an office and is seeking to add staff in Ecuador as it advances a search for copper in a nation that’s becoming the sector’s exploration hot-spot. Melbourne-based BHP’s local unit, Cerro Quebrado, will spend about $82 million on exploration, having established a base in the capital, […]