International

Nigeria has the resources and the leadership, we have never been more ready for business,” President Tinubu tells global energy industry

Published

3 years ago

September 20, 2023

Charles Flames

337 Views

ExxonMobil pledges nearly 40,000bpd in new Nigerian production in the short-term

President Bola Tinubu played host to a delegation consisting of the global leadership of an Oil & Gas transnational giant, ExxonMobil, on Monday in New York, where he made his position known that Nigeria is no longer settling for crumbs and leftovers on the investment agenda of the world’s most prolific energy conglomerates, saying “Nigeria has never been more ready for business than it is now.”

President Tinubu says, following an illustrious private sector career as a professional accountant in the oil & gas industry, he has proven his capacity to take difficult decisions as President and is best prepared to solve problems and crush all bottlenecks standing in the way of new and large-scale capital flowing into Nigeria’s oil & gas industry.

“The knotty issues require direct supervision on my part. Despite many contending obligations, I will sit down and oversee the process of removing these encumbrances to job and wealth creation for the Nigerian people. We know the industry. We grew up in it. We are positioned to solve the problems, and we are pragmatic, and we will solve the problem,” the President firmly assured.

ExxonMobil President of Global Upstream Operations, Liam Mallon, assured President Tinubu that he is aware of the new and personal commitment that the President is bringing to bear on behalf of Nigeria and is well placed to reciprocate the President’s efforts with new investment as he pledged new production of nearly 40,000bpd in its Nigerian operations in phase one of a new investment push in Nigeria.

“What you told us was that your team would collaborate with us, and that has proven true. We have made significant progress since we last met. We are growing our production, and we are working hard on expanding in the deep water production. We appreciate your efforts, and we will respond in kind. The time is right. Thank you for your leadership,” the ExxonMobil President stated.

Related Topics:Featured Global Energy Industry Tinubu

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International

FG hails Elias’ election to UN International Law Commission

Elias emerged successful in a competitive election conducted to fill the vacancy created by the resignation of Kenya’s representative, Professor Phoebe Okowa. Candidates from Ghana and Botswana also contested the seat.

Published

3 days ago

May 7, 2026

OCHEFA

47 Views

The Federal Government has hailed the election of Nigerian international legal expert, Taoheed Elias, into the United Nations International Law Commission during the commission’s 77th session held in Geneva.

In a statement issued on Thursday by the spokesperson for the Ministry of Foreign Affairs, Kimiebi Ebienfa, the government described the election as a recognition of Nigeria’s contributions to the development of international law and multilateral diplomacy.

The government said Elias brings decades of experience in international legal affairs to the commission, having previously served as Registrar of the International Residual Mechanism for Criminal Tribunals with the rank of United Nations Assistant Secretary-General.

International

CNN’s founder, Ted Turner, dies at 87

Published

4 days ago

May 6, 2026

OhiBaba

51 Views

CNN’s founder Ted Turner / AFP

Ted Turner, the flamboyant US entrepreneur who transformed television news with the creation of CNN in 1980, has died at the age of 87, the network said Wednesday.

The mustached southerner, yachting enthusiast and philanthropist, whose empire also included sports clubs, had been suffering from the degenerative disease Lewy Body Dementia.

Cable News Network upended established broadcasting with its dedication to around-the-clock breaking news and shot to global recognition with its coverage of the Gulf War in 1990-91.

The 24-hour network was the first in the United States to run non-stop news and quickly built a worldwide footprint.

Correspondents brought live coverage from major events ranging from the collapse of the Soviet Union to the Chinese crackdown on the Tiananmen Square protests.

CNN’s decision to keep reporters in Baghdad amid US bombing on the Iraqi capital cemented the network’s reputation as an indispensable source of breaking news.

International

Explosion at China fireworks factory kills 21 people

Authorities deployed nearly 500 personnel to conduct search and rescue operations and treat the injured, while robots were used to help find those trapped within the building.

Published

6 days ago

May 5, 2026

OhiBaba

76 Views

A blast at a fireworks factory in China’s Hunan province has killed 21 people and left 61 wounded, according to state media.

The explosion at the Huasheng Fireworks plant happened at around 16:40 local time (08:40 GMT) on Monday, in the city of Liuyang, leading rescuers to evacuate everyone within a 3km (1.9mi) radius of the plant.

Authorities deployed nearly 500 personnel to conduct search and rescue operations and treat the injured, while robots were used to help find those trapped within the building.

Police, who are investigating the cause of the blast, have taken “control measures” against the person in charge of the fireworks company, Chinese state media reported.

Authorities said that two gunpowder warehouses within the factory area posed a high risk amid rescue efforts, state media reported.

Rescue teams had to evacuate everyone within a 3km (1.9mi) radius of the fireworks plant.

They also implemented measures like humidifying the area to “prevent secondary accidents during the rescue”.