World oil demand will peak at 104.4 million barrels per day (bpd) in the mid-2030s, up from just below the current 100 million bpd. It shall be so as new technologies gradually eat into oil use, China’s Unipec said on Monday at the annual Asia Pacific Petroleum Conference (APPEC) in […]

No fewer than 13 ships carrying various products are at Apapa and Tin-Can Island ports, Lagos, waiting to berth, the Nigerian Ports Authority (NPA) said on Tuesday in Lagos. It said four of the vessels contained petrol, two containers, while the remaining seven would berth with urea, diesel, bulk oil, […]

There has been a reduction in the retail price of electricity by 6 per cent, subsequently cushioning 3.6 million users in Kenya. Kenya’s Energy Regulatory Commission (ERC) announced the reduction. According to ERC, the overall unit cost of power will reduce from Kshs 17.77/($0.18)KWh in 2017/18 to Kshs 16.64($0.17)/Kwh 2018/19 […]

The Federal Government, yesterday, inaugurated the Advisory Group on Technology and Creativity in the Nigerian Industrial Policy and Competitiveness Advisory Council. The event was presided over by His Excellency Yemi Osinbajo, Vice President of Nigeria. Members are expected to work closely with Government and other relevant stakeholders to articulate support, […]

  The new excise duty for alcoholic beverages and cigarette earlier approved by President Muhammadu Buhari has taken effect, according to finance minister, Kemi Adeosun. This is sequel to the expiration of 90-day grace period earlier availed manufacturers of the products. Under the new rates for tobacco, each stick of […]

The recently passed 2018 Appropriation Bill has been transmitted to the presidency for the assent of President Muhammadu Buhari. Sen. Ita Enang , the Senior Special Assistant to the President on National Assembly Matters (Senate), confirmed on Friday, the receipt of the 2018 Appropriation Bill. The NASS had on May […]

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