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By Tsvetana Paraskova Royal Dutch Shell does not see its upstream oil operations in Nigeria as compatible with its strategy to become a net-zero energy business, chief executive Ben van Beurden said at the supermajor’s annual general meeting on Tuesday. “The balance of risks and rewards associated with our onshore portfolio is no longer compatible with…
May 19, 2021
Ask FG To Reject Proposal Corporate Accountability and Public Participation Africa (CAPPA) led climate activists in Lagos, on Tuesday to protest against the Net Zero carbon emissions plan proposed by oil multinational -- Royal Dutch Shell as solution to the ongoing climate crisis. The protesters stormed the Corporation’s headquarters in Nigeria located along Broad Street,…
May 18, 2021
The National Bureau of Statistics (NBS), says inflation rate reduced by 0.05 per cent in April compared to what obtained in March.’ It said while inflation rate stood at 18.17 per cent in March, it reduced to 18.12 per cent in April. The rate is contained in the NBS’s Consumer Price Index (CPI) report for…
May 17, 2021
Write Archbishop of Canterbury Say Shell's Net-zero Carbon Emissions Proposal 'Misleading' 40 Civil Society Organisations based in Nigeria and around Africa have asked the Church of England to not endorse a climate and energy plan put forward by the global oil giant, Royal Dutch Shell which aims to achieve net-zero carbon emissions by 2050. Shell,…
May 14, 2021
Leading cryptocurrency, Bitcoin dropped to its lowest point in almost three weeks, Wednesday after Tesla CEO, Elon Musk said the electric-car company will discontinue accepting bitcoin as a form of payment due to environmental concerns. In a tweet on Wednesday, Musk said:“We are concerned about the rapidly increasing use of fossil fuels for Bitcoin mining and…
May 13, 2021
The Company Income Tax (CIT) sector of Nigeria has recorded a growth rate of 32.84%(year on year basis) in the first quarter of 2021, according to a report of the National Bureau of Statistics (NBS) Nigeria generated a total of N392.8 billion from the CIT in the Q1 2021. This accounted for a 32.84% increase…
May 12, 2021
...As War Looms Between Elon Musk And Telcos SpaceX, an American aerospace manufacturer and space transportation services company owned by world's richest man, Elon Musk, has further advanced its plans to establish Starlink, its satellite internet service in Nigeria, following the company's recent meeting with the Nigerian government. Before now, SpaceX has been in virtual…
May 11, 2021
To avoid using generators that run on fuel (fossil energy that emits CO2), Orange, is putting in place several initiatives such as solar panels. The multi-service operator is accelerating its solar projects in Africa and the Middle East to reduce its carbon footprint to zero by 2040. Across the entire region, many sites are not…
May 10, 2021
Deputy President of the Senate, Senator Ovie Omo-Agege, on Saturday restated President Muhammadu Buhari's commiment to ending the estimated billing syndrome in the nation’s power sector, which has continued to milk energy consumers dry. Senator Omo-Agege, who represents Delta Central Senatorial District made this known at the ground breaking ceremony of the Power Sub-Station in…
May 9, 2021
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By Tsvetana Paraskova Royal Dutch Shell does not see its upstream oil operations in Nigeria as compatible with its strategy to become a net-zero energy business, chief executive Ben van Beurden said at the supermajor’s annual general meeting on Tuesday. “The balance of risks and rewards associated with our onshore portfolio is no longer compatible with…
May 19, 2021
Ask FG To Reject Proposal Corporate Accountability and Public Participation Africa (CAPPA) led climate activists in Lagos, on Tuesday to protest against the Net Zero carbon emissions plan proposed by oil multinational -- Royal Dutch Shell as solution to the ongoing climate crisis. The protesters stormed the Corporation’s headquarters in Nigeria located along Broad Street,…
May 18, 2021
The National Bureau of Statistics (NBS), says inflation rate reduced by 0.05 per cent in April compared to what obtained in March.’ It said while inflation rate stood at 18.17 per cent in March, it reduced to 18.12 per cent in April. The rate is contained in the NBS’s Consumer Price Index (CPI) report for…
May 17, 2021
Write Archbishop of Canterbury Say Shell's Net-zero Carbon Emissions Proposal 'Misleading' 40 Civil Society Organisations based in Nigeria and around Africa have asked the Church of England to not endorse a climate and energy plan put forward by the global oil giant, Royal Dutch Shell which aims to achieve net-zero carbon emissions by 2050. Shell,…
May 14, 2021
Leading cryptocurrency, Bitcoin dropped to its lowest point in almost three weeks, Wednesday after Tesla CEO, Elon Musk said the electric-car company will discontinue accepting bitcoin as a form of payment due to environmental concerns. In a tweet on Wednesday, Musk said:“We are concerned about the rapidly increasing use of fossil fuels for Bitcoin mining and…
May 13, 2021
The Company Income Tax (CIT) sector of Nigeria has recorded a growth rate of 32.84%(year on year basis) in the first quarter of 2021, according to a report of the National Bureau of Statistics (NBS) Nigeria generated a total of N392.8 billion from the CIT in the Q1 2021. This accounted for a 32.84% increase…
May 12, 2021
...As War Looms Between Elon Musk And Telcos SpaceX, an American aerospace manufacturer and space transportation services company owned by world's richest man, Elon Musk, has further advanced its plans to establish Starlink, its satellite internet service in Nigeria, following the company's recent meeting with the Nigerian government. Before now, SpaceX has been in virtual…
May 11, 2021
To avoid using generators that run on fuel (fossil energy that emits CO2), Orange, is putting in place several initiatives such as solar panels. The multi-service operator is accelerating its solar projects in Africa and the Middle East to reduce its carbon footprint to zero by 2040. Across the entire region, many sites are not…
May 10, 2021
Deputy President of the Senate, Senator Ovie Omo-Agege, on Saturday restated President Muhammadu Buhari's commiment to ending the estimated billing syndrome in the nation’s power sector, which has continued to milk energy consumers dry. Senator Omo-Agege, who represents Delta Central Senatorial District made this known at the ground breaking ceremony of the Power Sub-Station in…
May 9, 2021
