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Nigeria: President calls for more investments in oil & gas

Nigeria’s President Muhammadu Buhari has urged local and foreign investors to inject money into the country’s oil and gas sector undergoing reforms, reports say. Speaking at the commissioning of Pinnacle Oil and Gas Limited’s Lekki Free Trade Zone Terminal in Lagos, the Nigerian President said that the operation of the new facility will lower the […]

UK’s XLCC sets up subsea cable factory for Morocco project

The UK’s XLCC is planning the setting up of a factory in Hunterston, Scotland, to manufacture the world’s largest subsea cable that will send clean energy from Morocco to the UK. Connecting the solar and wind plants in Morocco with Alverdiscott, North Devon, will start with a first phase in 2025-2027, Electric.co reported. The connection […]

New governor of Central Bank of Libya, his deputy sworn in at HoR in Benghazi

The newly appointed Governor of the Central Bank of Libya (CBL), Naji Belgassim, and his Deputy, Marie Al-Barasi, were officially sworn in during a House of Representatives (HoR) session in Benghazi on October 1. During the session, HoR First Deputy Speaker Fawzi Al-Nuwairi stressed the need to keep the CBL free from political interference and […]