Credit: Xinhua
Agreements have been concluded between China-based Sino-Arab Energy and Nigeria’s Osabo Refining and Petrochemical Industry Limited, to build a refinery in Akpabuyo, in Cross River State. The refinery will cost $7.5 billion and will have production capacity for 107,000 barrel of crude oil per day. The refinery is expected to grow government’s objective to refine more crude oil locally, and is expected to generate 10,000 jobs when running.
Speaking on the project, a member of the Cross River House of Assembly, representing Akpabuyo, and a member of the project team, Hon. Etim Okon said, “the process for the procurement of requisite licenses to establish and operate the refinery had fully commenced” and the refinery will have “other areas of activities include but not limited to gathering and the treatment of gas, establishment of industries and cogeneration. Product base will include Premium Motor Spirit, PMS, Kerosine, jet fuel, diesel, Gasoline, automotive gas oil, AGOP, low pour fuel oil, LPFOP, High pour fuel oil, HPFO, boat fuel, motor oil, lubricants, liquefied petroleum gas, and LPG”
e Creating a brand story that resonates with your target audience can significantly help differentiate your brand from your competitors. This means crafting a narrative that highlights your values and mission to Nigerians. Now, this isn’t just about selling products or services; although that is important, it’s about connecting with your customers on a deeper … Continue reading How to Create a Brand Story for Your Business
As an entrepreneur in today’s fast-paced business world, continuously enhancing your business’s efficiency and reducing operational costs is the way to stay competitive. One of the most effective methods to streamline your business operations and improve efficiency is leveraging technology. It does not matter the size of your business right now, whether you are … Continue reading How to Streamline Your Business Operations Using Tech
It is crucial to start early and strategically plan your holiday sales to position your business and attract new traffic. Here’s a detailed guide on the best times to start and how to drive traffic to your store, showcasing your Christmas bestsellers, and ensuring good conversion strategies to tap into the N1 billion online … Continue reading Maximize Holiday Sales: A Strategic Guide for Nigerian Online Retailers
Lexi Novitske is the General Partner of Norrsken22, based in Lagos, Nigeria. Through Norrsken22’s Africa Technology Growth Fund, Lexi oversees investments across African markets, leveraging the local expertise of her partners and the strategic guidance of a board composed of founders of billion-dollar companies. This unique combination provides exceptional value to Norrsken22’s investee companies. … Continue reading Lexi Novitske: Pioneering Investment in Africa’s Tech Ecosystem