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“OceanGate Oil & Gas Engineering Company, a Nigerian Indigenous company Partners with Global Petroleum Group to Unveil the Largest Oil and Gas Project in Caribbean History – Grenada Set to Become a Major Energy Hub”

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Oceangate Oil and Gas Engineering, under the leadership of Group CEO Dr. Aisha Sulaiman Achimugu, has secured a historic multi billion dollar deal with Global Petroleum Group to launch one of the Caribbean’s largest oil and gas ventures.

This transformative partnership aims to develop Grenada’s significant hydrocarbon reserves, paving the way for the island nation to emerge as a major energy hub in the Caribbean and beyond.

With a vision to fuel long-term economic growth and sustainable development, this ambitious project promises not only to elevate Grenada’s energy production capabilities but also to foster job creation, infrastructure development, and technology transfer within the local economy.

Set against the backdrop of the Caribbean’s evolving energy landscape, the venture is expected to provide unprecedented economic opportunities, delivering benefits across sectors and positioning Grenada as a key energy supplier in the region.

“We are thrilled to enter this partnership with Global Petroleum Group, which will bring substantial economic benefits and energy resources to Grenada,” said Dr. Achimugu.

“This venture underscores Oceangate’s commitment to investing in sustainable energy solutions that drive economic prosperity while respecting environmental standards.

We believe this project will lay the foundation for future economic collaborations between Africa and the Caribbean.

Business

Governor Umar Bago approves N80k minimum wage for Niger state civil servants

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Umar Bago, governor of Niger, has approved N80,000 as the new minimum wage for civil servants in the state.

The governor approved the minimum wage for workers on Friday during a meeting with representatives of organised labour in Minna, the capital of Niger state.

In a statement released on his X, Bago announced that the state government had adopted N80,000 as the new minimum wage.

“In our own magnanimity as a state government, we have decided to adopt the minimum wage of N80,000 (Eighty Thousand Naira),” he said.

“In our own magnanimity as a state government, we have decided to adopt the minimum wage of N80,000 (Eighty Thousand Naira),” he said.

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Business

‘No funding request from Nigeria’ — IMF speaks on speculations

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The International Monetary Fund (IMF) says Nigeria has not made any request for funding.

Abebe Aemro Selassie, director of the African department at the IMF, spoke during a press briefing in Washington DC.

Selassie was responding to a question on speculations within Nigeria’s business circle that the government is considering going to the fund for financing.

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Starlink temporarily suspends subscription price hike over regulatory challenges

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Starlink, a satellite internet service owned by Elon Musk, the richest man in the world, has temporarily suspended the increase in the monthly subscription for its Nigerian subscribers.

The development comes nearly one month after the internet provider increased its standard package (residential) monthly subscription to N75,000, from N38,000 per month — an increase of 97.37 percent.

Also, the cost of the Starlink hardware was increased from N440,000 to N590,000.

Following the increase, the Nigerian Communications Commission (NCC) said the company did not receive its approval before reviewing its subscription.

According to NCC, it had commenced a pre-enforcement action on Starlink.

In a notice to customers on Thursday, Starlink said it has decided to put the increase on hold due to “regulatory challenges”.

“Last month, we increased the monthly service price for Starlink in Nigeria to account for inflation, helping us maintain operations and continue delivering reliable service,” Starlink said.

“Today, we are temporarily suspending this price increase as we navigate regulatory challenges.

“If you’ve already been charged at the higher rate, a one-time credit will be applied to your account to cover the difference. You also have the flexibility to cancel your service at any time.

“We remain committed to providing high-speed Internet in Nigeria, but we need regulatory support to make the improvements necessary for a better customer experience.

“Without these approvals, our ability to continue delivering service is at risk.

“Thank you for choosing Starlink and supporting our mission to bring affordable, high-speed internet to more people as many people around the world as possible.”

Also, TheCable observed that on its website, Starlink has reversed its standard residential plan to N38,000, and mobile regional plan to N50,000, from N167,000, but its hardware remained at N590,000.

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Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others

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