Portugal plans to increase purchases of liquefied natural gas (LNG) from the United States and Nigeria as it aims to end already dwindling supplies from Russia. Environment Minister Maria da Graca Carvalho said on Tuesday that Portugal imported 49,141 gigawatt-hours (GWh) of natural gas in 2024, of which around 96 per cent was LNG. According…
European Commission President Ursula von der Leyen said on Tuesday that “it is in no one’s interest to break the bonds of the global economy in a new era of fierce geostrategic competition’’. “We will need to work together to avoid a global race to the bottom because it is in no one’s interest to…
EU Commission President Ursula von der Leyen said on Tuesday the European Union (EU) must deepen ties with China and strive for mutual benefits. “I believe we must engage constructively with China to find solutions in our mutual interests. The year 2025 marks 50 years of our union’s diplomatic relations with China, I see it…
The European Investment Bank is to invest 2 billion euros (2.07 billion dollars) in the European defence industry in 2025, the bank’s President, Nadia Calviño, announced on Tuesday. “Last year, the European Investment Bank reached a record 1 billion euros in investments in the area of security and defence,’’ Calviño said. He said this when…
The International Energy Agency (IEA) has urged global cooperation to ensure security of supplies amid a tightening global gas market. In its quarterly gas market report released in Paris on Tuesday, the IEA highlighted efforts from the past year to enhance market transparency, data sharing, and cooperation mechanisms for both natural gas and liquefied natural…
The French Republic has stated plans to upgrade the laboratory of the Nigerian Geological Survey Agency (NGSA), and provide it with advanced technological equipment. This followed advanced discussions on the Memorandum of Understanding (MoU), it recently signed with the Federal Republic of Nigeria. The French government made the commitment to Nigeria on the sidelines of…
Republican President-elect Donald Trump says he plans to acquire Greenland, bring the war in Ukraine to a close, and fundamentally alter the U.S. relationship with NATO during his second four-year term. In recent weeks, he has also threatened to seize the Panama Canal and slap Canada and Mexico with 25 per cent if they do…
Airtel Africa, a telecommunications and mobile money services provider, has partnered three renowned African artistes to educate customers on ways to enhance their digital experience. Its Chief Marketing and Sales Officer, Rohit Marwha, said this in a statement on Monday in Lagos. Marwha said that the three renowned artistes included Nigeria’s Simi, Fally Ipupa of…
The United Nations on Monday said that based on its assessments billions of dollars would be needed to rebuild Gaza after the war between Israel and the Palestinian militant group Hamas. A ceasefire between Israel and Hamas took effect on Sunday, suspending a 15-month-old war that has devastated the Gaza Strip and inflamed the Middle…
China National Chemical Engineering International Corporation Ltd (CNCEC) has expressed its readiness to support the development of the Federal Government’s $20 billion Ogidigben gas project in Delta. The CNCEC President, Li Zhenyi, stated this in Beijing when he received a delegation of Nigeria-China Strategic Partnership (NCSP), led by the Director-General, Joseph Tegbe. A statement made…
