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Expo and conference to focus on major industry trends The award-winning African Utility Week, taking place from 16-18 May in Cape Town, will showcase how the continent is coming up with innovative, home-grown solutions to its energy and water challenges and how these are creating exciting and lucrative opportunities for utilities and industry suppliers alike. Experts from respected partners in the industry...
Dear Friends Of Energypost Africa Africa Land and Ocean Spaces abound with sizeable and economically viable gas supply fields, these can create huge portfolios of assets for the continent, however, gas exploration business is basically market driven, this would demand substantial initial capital to develop its infrastructure- which can be tedious and capital intensive, but, once the investment hurdles are...
Lagos – The Ministry of Petroleum Resources and Department of Petroleum Resources (DPR), have started negotiations, targeted at working out the modalities for the involvement of Niger Delta youths in the ownership and management of modular refineries. Prof. Yemi Osinjajo had in a recent visit to the Niger Delta, promised that the Federal Government would get the youths involved in refining...
A tip from a whistleblower on Monday led operatives of the Economic and Financial Crimes Commission (EFCC) to intercept huge sums of money in various currencies at the popular Balogun market in Lagos. According to a statement by the commission’s spokesman, Mr. Wilson Uwajaren, the monies included €547,730 and £21,090 as well as N5,648,500. “The total haul was about N250million at...
President Mummadu Buhari will later this month on April 20  meet a body of African Maritime leaders under the aegis of Association of African Maritime Administration (AAMA) from across the continent to brainstorm on ways in which Africa can come together to maximize the economic opportunities of the continent’s large ocean. The meeting, which is part of the third edition...
Products supply and distribution have received a major boost following the resumption of loading activities by the Nigerian National Petroleum Corporation (NNPC) at its Mosimi Area depot in Ogun State, over the weekend. Group Managing Director of the Corporation, Dr. Maikanti Kacalla Baru, who supervised the recommencement of loading operations at the area, said the development marked a major milestone...
Junk status for South African investments, wobbles over the state of the Nigerian economy and the continuation of low oil prices are making Africa a hard continent to read right now. However, many experts believe that new opportunities are just around the corner as Donald Trump hints of a move away from aid towards more business deals with the African...
Experts at FSDH, a Lagos based research firm have predicted further decline in inflation rate to 16.52 per cent in March 2017. The National Bureau of Statistics (NBS) is expected on April 15, 2017 to release the inflation rate for the month of March 2017. NBS had announced 17.78 per cent inflation rate in the month of February 2017. FSDH...
The harsh economy, which has shrunk several businesses in the country, is also biting hard on wealthy Nigerians who hitherto flaunted their riches with the acquisition of state-of-the-art private jets or chartered aircraft for travel purposes. A document made available to Independent from the Nigerian Civil Aviation Authority (NCAA) indicated that private and charter jets ownership has reduced by 47...
Oil headed for its highest settlement in a month as Russia signaled it’s weighing an extension to OPEC-led production cuts, offsetting concern rising U.S. production will exacerbate a global glut. Futures rose as much as 0.7 percent in New York after advancing 3.2 percent last week following a U.S. military strike on Syria. Russia’s energy ministry has been in discussions...
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