Mkpoikana Udoma Port Harcourt — Terminal operator, BUA Ports and Terminal Limited, has lamented over what it described as inappropriate demands and illegitimate harassment from communities and unauthorized government agencies in Rivers State. General ...
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A Review of The Nigerian Energy Industry

NEWSLETTER - Mon, May 16 2022

BUA decries incessant demands from host communities, others

Mkpoikana Udoma Port Harcourt — Terminal operator, BUA Ports and Terminal Limited, has lamented over what it described as inappropriate demands and illegitimate harassment from communities and unauthorized government agencies in Rivers State. General Manager of BUA Ports and Terminal Limited, Mr. Mohammed Ibrahim, speaking during a visit by members of Energy and Maritime Reporters...

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South Africa’s Eskom increases length of daily power cut

Johannesburg — South Africa’s state power utility Eskom said on Sunday that it would increase the hours of daily power cut for Monday and Tuesday because it lost more generation capacity over the weekend. The beleaguered company, which runs 15 ageing coal-fired power stations, resumed more than two hours of rolling power cut on Saturday […]

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Nigeria’s markets regulator publishes rules on crypto assets

Abuja — Nigeria’s markets regulator has published a set of regulations for digital assets, signaling Africa’s most populous country is trying to find a middle ground between an outright ban on crypto assets and their unregulated use. Nigeria’s central bank last year banned banks and financial institutions from dealing in or facilitating transactions in digital […]

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‘Deutsche Bank not financing controversial African oil pipeline’

Frankfurt — Deutsche Bank (DBKGn.DE) is not financing a pipeline in Africa that environmental campaigners have said will displace thousands of families and disrupt nature reserves, a person with knowledge of the matter said on Sunday. Germany’s largest lender has come under pressure to clarify its stance on the financing of the planned $3.5 billion […]

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Nigeria’s inflation surges in April as companies feel pinch

Abuja — Nigeria’s double-digit inflation climbed in April to 16.82%, rising for a third straight month, the statistics office said, a reading that could prompt a central bank rate hike next week and further squeeze companies already struggling with high costs. Muhammad Abba, a small bakery owner in Abuja, said she cut nearly half of […]

The post Nigeria’s inflation...

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NCIF bags US Congressional Citation, Houston City Proclamation.
City declares May 2 ‘Nigerian Content Investment Day’

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About SweetCrude

Sweetcrude is a review of the Nigerian energy industry. The publication has evolved to become the voice and watchdog of industry, reporting all spectrum of the energy chain in-country and serving as an interface between the Nigerian energy industry and that of Europe, the Middle-East and the American continent.


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