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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the successful bidders for the Nigerian gas flare commercialisation programme. This initiative aims to harness gas released as a byproduct of oil production and eliminate routine gas flaring by 2035. The NUPRC awarded 42 companies/entities with 49 flare sites for development. These companies will now proceed to execute commercial agreements and obtain permits to access flare gas. KPMG will partner with the commission to ensure the successful outcome of the programme.
Prosper Dania, a young Nigerian artist, has gotten one step closer to realizing his childhood dream of exploring space. His artwork titled "Shared Aspiration" has been selected amongst other African youth paintings to be exhibited on China's Tiangong space station by the Shenzhou-16 taikonauts. This achievement is a result of his top prize win in the "My Dream" Painting Competition, co-hosted by the Secretariat of the Chinese Follow-up Committee of the Forum on China-Africa Cooperation, the China Manned Space Engineering Office, and the Chinese missions in Africa. Dania's art showcases a Sino-African collaboration symbolized by a space-bound taikonaut surrounded by the Chinese and Nigerian national flags, and stars.
Napoli striker Victor Osimhen scored a hat-trick for Nigeria in their dominant 6-0 victory over São Tomé and Príncipe in the final round of AFCON qualifying. This win secured Nigeria's top spot in Group A, with Osimhen emerging as the star of the match.
Victor Osimhen, the Napoli striker, scored a hat-trick for the Nigerian national team in their resounding 6-0 victory over Sao Tome and Principe in the final round of qualifiers for the 2024 African Cup of Nations. Nigeria secured the top spot in their group with 15 points after previously guaranteeing qualification. Read on for all the details.
Latest news summary in Nigeria
The world's largest meeting for natural gas, LNG, hydrogen, low-carbon solutions, and climate technologies, Gastech 2023, has commenced in Singapore. The event attracted a record-breaking number of attendees from around the globe. Industry stakeholders, policymakers, and business leaders gathered to discuss the challenges faced by the global energy sector and the role of natural gas, LNG, and hydrogen in achieving energy security and transitioning to a sustainable future.
The Nigerian Exchange Limited (NGX) has been ranked as the second best-performing exchange in Africa in the second quarter of 2023. Despite concerns about inflation and weak macroeconomic conditions, the Nigerian stock market has remained strong, attracting investors' confidence. The bullish trend can be attributed to favorable policies introduced by President Bola Tinubu's administration and the recent formation of the country's economic cabinet. Analysts anticipate a broadly favorable market in the second half of 2023, projecting strong earnings performance for listed Nigerian corporates.
Airbus has opened a new automated A321XLR equipping hangar in Hamburg, Germany. This expansion aims to modernize and digitalize the company's industrial system and increase its ramp-up capacity for the A320 program. The new hangar will focus on manufacturing A321 fuselages and contribute to the development and production of the A321XLR, the flagship of the A320 Family. The state-of-the-art facility incorporates sustainable design principles and reflects Airbus' commitment to climate-neutral aviation.
An appeals court in Nigeria is set to rule on President Bola Tinubu's election victory, which has been challenged by the opposition due to allegations of qualification and electoral process violations. The court's decision holds significant implications for Nigeria's political landscape and could lead to protests if ruled in favor of Tinubu.
Two security guards in Ogun State have been arrested for shooting a man in his right eye. The victim opened the community gate himself when the guards were not available. The police have described the incident as attempted murder. The victim has lost his sight in his right eye and is undergoing treatment at a hospital.
The Ndigbo community in Eti-Osa Local Government Area of Lagos State has announced that it will hold its 2023 New Yam Festival on September 9. The festival aims to showcase the rich cultural heritage of the Igbo people and empower the indigents, widows, youth, elderly, and needy in the community. It will also honor deserving individuals with chieftaincy titles and awards. The event will take place at Royal Gardens Estate in Lekki-Ajah, Lagos State.
Nigerian equities opened the week with strong gains, recording a massive increase of N412 billion on demands in Dangote Sugar Refinery Plc and other major stocks. The market capitalization rose to N37.370 trillion, while the All-Share Index gained 1.11% to close at 68,279.14 points. The upturn was driven by price appreciation in large and medium-capitalized stocks, indicating positive market breadth.
Governor Bababjide Sanwo-Olu has assured residents of Lagos State that the construction of the redline light rail system from Ebute Metta to Agbado would be ready by the end of 2023. The project, which is about 95 percent completed, aims to provide efficient transportation options for the growing population of Lagos State.
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