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Firms to Build Mini Refineries in Nigeria

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Evolve Trading & Investment Limited with offices in the United Kingdom and Nigeria has signed a Memorandum of Understanding with Awaritse Nigeria Limited, a local oil servicing company, to build mini refineries with the capacity to process crude oil, produce water and generate electricity.

The partnership, according to a statement, was signed after meetings in London between Awaritse Nigeria team and Evolve Trading and Investments, represented by the Senior Vice President, Mr. George Irvine, and the Strategic Alliance Partner, Mr. Godwin Atsimene Jnr.;

Irvine was quoted to have said, “Our innovative refining technology is far ahead of the standard refining process, which does not produce the additional outputs of electricity and drinking water. The unit has been named the ‘Genesis Life Cube’ and is based upon the context of creating life by producing the basic elements of water and light.

“Evolve feel that these are the first building blocks needed to expand the socio-economic benefits to communities where the Genesis Life Cubes are sited.”

According to the statement, the GLC has the ability to produce a basic yield of refined products designed for the local market as well as electricity and drinking water for local consumption.

It said apart from boosting the local capacity to refine products, it would help to mitigate the challenges associated with the transfer of the crude feedstock via third party pipelines or by road for further transport by sea to a foreign destination only to be re-imported as refined products.

The statement said each unit would provide up to 20 megawatts of power and up to 800,000litres of fresh drinking water per day based upon a maximum processing capacity of 30,000 barrels per day of crude oil.

“The Evolve GLCs are going to be a game changer for the Niger Delta region which has suffered from years of neglect and environmental degradation. The GLC could easily replace the illegal modular refineries in the region and produce refined products, water and electricity as well as create jobs in the communities in the region” said Atsimene.

Evolve is optimistic that it will deliver the Genesis Life Cubes and make them operational within the next three years in Nigeria, the statement said.

“The GLC units are going to be provided on a fully funded basis and as such the company is discussing with the Federal Government agencies,” it said.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Business

Transcorp Hotels Expand into Marketplace, Launches Aura to Connect People, Hoteliers, Others

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Transcorp Hotels Plc, on Thursday, announced it has launched a new digital platform, Aura, through which people can book accommodation, restaurants and experiences.

Aura, Transcorp’s first in the alternative accommodation segment, is part of the company’s asset-light model, leveraging technology to deliver true hospitality, exciting experiences, and drive shareholder value.

It’s a new dawn in the hospitality industry! I am thrilled to introduce you to Aura by Transcorp, the digital platform we are using to connect people to quality accommodation, great food, and awesome experiences,” Managing Director and Chief Executive Officer of Transcorp Hotels Plc. Dupe Olusola said.

For more than 30 years, Transcorp Hotels Plc has been at the forefront of creating a superior guest experience at our locations. Today, our commitment to innovation has offered us an opportunity to extend this beyond the hotel premises,” Olusola added.

The launch of Aura by Transcorp is one of the most significant developments in the company’s history as it seeks to transform the travel and tourism industry in Africa by focusing on three important components of travel, whether for leisure or business — where you stay, what you eat and how you spend your time. With its people-driven hospitality model, Aura is set to revolutionise travel and help remind Africans of our deep history of hospitality.

Speaking on the launch of Aura, Obong Idiong, Chief Executive Officer at Africa Prudential Plc, Aura’s technology partners, expressed his excitement. “Finding the right accommodation when you travel can be incredibly complex. Options available for the right prices are often limited, and travellers sometimes end up with accommodation that taints the travel experience. Transcorp Hotels Plc has been able to fix that with Aura and we are proud to be associated with them.”

To ensure topnotch user experience, we built a solution to drive digital transformation through the adoption of shared living spaces for the Aura business. With an advanced search algorithm powered by artificial intelligence, Aura determines the relevance of locations taking into consideration, the customers’ preferences and requirements to meet them at the point of their needs,” Idiong added.

Priscilla Adeboye, a travel enthusiast and early adopter of Aura, said the global pandemic has pushed international travel down her list. “But I still want to be able to take some time off work or spend a weekend away from home with the family. I have found incredible homes on Aura that meet my need for space and privacy.

 

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Siemens Energy Nigeria Appoints Seun Suleiman as Managing Director

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Seun Suleiman is the New Managing Director of Siemens Energy Nigeria

Mr. Seun Suleiman is the new managing director of Siemens Energy Nigeria, the company announced on Wednesday.

According to the statement released by the energy company, Suleiman will be responsible for the entire management of operations and decisions on business policies and corporate strategy.

Commenting on his appointment, Suleiman said, “It is an absolute honor to lead the business for Siemens Energy Nigeria and I look forward to delivering on the brand’s promise of excellence.

Suleiman joined Siemens Energy in 2014, bringing over 15 years’ experience and deep expertise in the private sector across Europe and West Africa.

The statement said, “He is an accomplished business strategist and success-driven leader with strong business acumen. Suleiman has also been a core member of the executive management team at Siemens Energy serving in roles as Sales Director West Africa – Service Distributed Generation Oil & Gas and Vice President Service & Digital.

“Prior to this, he also held various functional and managerial positions with ABB Ltd UK, ABBNG Nigeria, Schneider Electric Nigeria and Dresser-Rand Nigeria Ltd.

It added that Suleiman was experienced in establishing operational excellence with specific competence in the power, oil and gas sectors.

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FG Reopens Osubi Airport Warri for Daylight Operations

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FG Reopens Osubi Airport Warri for Daylight Operations

The Federal Government on Monday said the Osubi Airport in Warri has been reopened for daylight operations.

The Minister of Aviation, Hadi Siriki, disclosed this in a tweet.

The airport was closed in February 2020 over mismanagement and debt allegation involving aviation service providers and airport management.

However, Oberuakpefe Afe, a lawmaker representing Okpe/Sapeie/vaie federal constituency, recently moved a motion for the Federal Government through the ministry of aviation and relevant authorities to reopen the airport for flight operations.

On Monday, Hadi Siriki said “I have just approved the reopening of Osubi Airport Warri, for daylight operations in VFR conditions, subject to all procedures, practices and protocols, including COVID-19, strictly being observed. There will not be need for local approvals henceforth.

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