Atlantic Energy Drilling Concepts Nigeria Limited, an indigenous exploration and production company, said it is undergoing a holistic transformation aimed at placing it on a good pedestal to compete in the nation’s oil and gas industry. This followed the approval by the Presidency for the implementation of the company’s debt repayment plan, which before now has prevented it from operating optimally as an exploration and production company.

The Minister of State for Petroleum Resources and Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mr. Ibe Kachikwu has emphasized the need for oil producing countries to position themselves to ensure they play a strategic role in the Organisation of Petroleum Exporting Countries, OPEC and in the global petroleum industry in general.

AS President Muhammadu Buhari presents the 2016 Appropriation Bill to the joint session of the National Assembly comprising the Senate and the House of Representatives today, there were strong indications, yesterday, that the lawmakers are ready to ensure speedy passage of the bill.

Amidst the deteriorating economic climate, there is a growing concern that Nigerian electricity consumers will soon be paying high tariff following the abolition of the monthly N750 fixed charge by the National Electricity Regulatory Commission, NERC.

Conscious of the need to assist Nigeria to defeat the surging Boko Haram scourge, the British Government, yesterday, announced the immediate increase of its military experts to Nigeria to help sharpen the Nigeria troops to tackle the insurgents.