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An earthquake with a preliminary magnitude of 5.0 struck the Hokkaido region in Japan’s northernmost prefecture, the Japanese weather agency said on Wednesday. According to the Japan Meteorological Agency (JMA), the temblor’s epicentre was located at a latitude of 42.7degrees north and longitude of 144.2 degrees east and occurred at...
The Federal Government has agreed to slash the pump price of Premium Motor Spirit (PMS), known as petrol, by N5 from Monday next week. Sen. Chris Ngige, Minister of Labour and Employment, disclosed this while addressing newsmen at the end of a closed door meeting with the organised labour on...
Moody’s Analytics has won the Climate Risk category in the 2021 Chartis RiskTech100®, the first year this category has appeared. It’s one of 10 awards for Moody’s Analytics to go along with the #2 overall ranking. The Moody’s Analytics offering helps customers first identify whether they have exposure to climate...
With a long trajectory in sustainability, and having recently achieved carbon neutral farms, the company is honored at PR Daily’s 2020 Corporate Social Responsibility Awards taking home the win for Green and Environmental Stewardship   Fresh Del Monte Produce has been honored first place in the Green and Environmental Stewardship...
With tensions running high between the United Arab Emirates and its petroleum allies, Saudi Arabia and Russia, Abu Dhabi considers the idea of leaving OPEC+, media reported. The Bloomberg news agency reported this on Thursday, citing its sources. This step was not in line with the UAE’s policy, as the country...
The Nigerian National Petroleum Corporation (NNPC) has reiterated its resolve to grow the nation’s hydrocarbon reserves to 40billion barrels through reinvigorated exploratory activities in the inland frontier basins across the country. Group Managing Director of the Corporation, Mallam Mele Kyari, stated this while delivering a goodwill message at the opening...
Dr Otive Igbuzor, a developmental activist says various developmental challenges associated with oil production had affected the development of oil host communities in the country. Igbuzor made this known at a Host Community Colloquium on the Petroleum Industry Bill (PIB) in Owerri, on Tuesday. He presented a paper on: ” The...
Certification will assist company in measuring and improving environmental efficiency Sintavia, LLC, a Tier One additive manufacturer supporting the Aerospace, Defense, & Space industry, announced today that it had achieved ISO 14001 approval for its environmental management system at its Hollywood, Florida, location. The new accreditation, which is issued to...
Nigeria and the UK have had a troubled history. Nearly a hundred years of resource extraction and colonialism has left its mark on both our countries. Now, Nigeria and the UK are bound by the Commonwealth, an alliance which has been described as a ‘family’ by British Prime Minister...
The Port Harcourt Electricity Distribution Company (PHED) on Monday commenced the distribution of about one million pre-paid meters to customers in four states. The states are Akwa Ibom, Bayelsa, Cross River and Rivers. Dr Henry Ajagbawa, Managing Director of the company, flagged-off the exercise in Port Harcourt as part of the...
Transcorp Consortium is pleased to announce the 100% acquisition of the 966MW installed capacity Afam Power Plc and Afam Three Fast Power Limited (jointly referred to as “Afam GenCo”), at an acquisition cost of N105.3bn. The announcement was made at the State House, Abuja on Thursday, November 5, 2020, during...
…Invites Kyari to Speak at Its Virtual Meeting The Extractive Industries Transparency Initiatives (EITI), a multi-stakeholder coalition that promotes extractives transparency and accountability in over 50 countries, has commended the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, for honouring his commitment to promote and...
Another oil leak, the third in six months, has discharged a yet-to-be-ascertained volume of crude oil polluting the Okpoama community and its environs in Brass Local Government Area of Bayelsa. The leak reportedly occurred on Oct. 28 on the 50-year-old Ogoda-Brass crude pipeline belonging to the Nigerian Agip Oil Company...
The Department of Petroleum Resources (DPR) says the bid round process for its 57 marginal oilfields in the country is still ongoing. Mr Paul Osu, Head, Public Affairs, DPR, told the News Agency of Nigeria (NAN) on Friday in Lagos that the bidding process has not been completed. “The 2020 marginal...
The Nigerian Electricity Regulatory Commission (NERC)  on Tuesday said 59.6 per cent of electricity consumers in the country were still on estimated billing as at March 2020. NERC made this known in its First Quarter 2020 Report which was obtained from its website by the News Agency of Nigeria (NAN)...
The Nigerian National Petroleum corporation (NNPC) has cautioned motorists not to engage in panic buying of Premium Motor Spirit (PMS) also known as petrol, assuring of normalcy in the supply of petroleum products. Dr Kennie Obateru, the Group General Manager, Group Public Affairs Division, who disclosed this to the News...
Bacardi, the world’s largest family-owned spirits company, has made a giant leap forward in the fight against climate change and plastic pollution today, as it unveils plans to put the world’s most sustainable spirits bottle on shelf by 2023. The new 100% biodegradable bottle will replace 80 Million plastic bottles...