OTC recognizes 2025 Spotlight on New Technology® Award winners
The technologies spotlighted this year represent the brilliance, ingenuity, and collaboration of our workforce.
Year: 2025
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Federal Government’s Naira-for-crude deal continues as Dangote Refinery imports 12.6m barrels
The initiative is going to continue because it is now obvious that the policy has a great impact on not just fuel prices, but also on other economic indices. It also positively impacted the FX rate
Nissan Navara Warrior by Premcar sets out to write its own World Record in the Northern Cape desolation
By Oke Peter Augrabies, Northern Cape – Few days after its official introduction to the South African market, a TopGear SA team of five Nissan Navara Warriors by Premcar have embarked on a record-breaking expedition into South Africa’s most extreme hinterland. “Last year, Nissan Africa conceived Daring Africa, an eight-country, 8 000km odyssey linking our…
NEITI set to review $6.03bn divestments by IOCs, amid environmental issues
NEITI said the oil and gas divestments were reshaping Nigeria’s industry, hence the need to ensure that the divestments adhered to due process.
Nigerians to pay more for petrol as naira-for-crude talks crumble
Immediately after the announcement, the cost of loading petrol at private depots in Lagos jumped to about N900/litre. It was less than N850/litre before the announcement.
Global growth in demand for electricity accelerated drastically
Despite the risk of global economy slowdown, the global growth in demand for electricity accelerated substantially: in 2023, global electricity consumption grew by 2.5%, and in 2024 – by 4.3%. In absolute terms, the growth reached 1,080 TW*h exceeding the total annual electricity consumption in France and Germany.
Nigeria courts Chinese investment as interest booms in oil, gas and bigger opportunities
Abuja pushes for shift towards value-added exports amid increasing concern about trade imbalance that favours Beijing
NDPHC boss seeks Federal Government’s intervention over power sector N4tn debt
The intervention should begin with the settling of over N4tn owed to power-generating companies and facilitating funding for ongoing projects to enhance electricity access nationwide
Shell CEO seen focusing on LNG as key part of growth strategy
The company in recent months spun off its UK North Sea business, sold its onshore Nigeria exploration and production arm and suffered drilling setbacks off Namibia.
Egbin Power boosts human capital development with Learning Academy
This strategic initiative directly aligns with our long-term goals of fostering innovation and ensuring sustainable growth,