2024 outlook: NUPRC targets below $20/barrel production cost
With oil production in Nigeria falling significantly short of the budget benchmark and allotted quota of the Organization of Petroleum Exporting Countries, OPEC, in 2023, the Nigerian Upstream Regulatory Commission, NURPC, has drawn out an ambitious plan to improve production by attracting more investment into the industry.
NEXIM Bank, CRIN, others explore ways to boost cocoa export
•As summits to revive production, exportation hold in Abuja, Lagos By Tunde Oso To return cocoa as a leading non-oil export commodity in Nigeria, stakeholders are organising the International Cocoa and Chocolate Forum (ICCF) conference, with the theme: “Putting Value in Cocoa at the Producing Region” in Lagos and Abuja. The 2024 ICCF conference being […]
NGX off to strong start, as investors gain N665bn
The stock market, yesterday, opened the year on a very strong note, with investors gaining N665 billion following bargain hunting in some blue chip companies.
Electricity generation drops 9.6% as Discos generate N757.8bn in 9mths
Nigeria’s Electricity generation dropped Month-on-Month, MoM by 9.6 per cent to 4,402.5 megawatts, MW yesterday January 2nd, from 4,869.71MW due to limited gas supply and other problems.
2024: OPS projects mixed economic outlook
The organised private sector (OPS) has projected a mixed economic outlook for 2024.
Energy firm receives ISO 20400 certification for sustainable procurement
Asharami Energy, a Sahara Group upstream company, has been awarded the international Organization for Standardization (ISO) 20400 certification for sustainable procurement. This significant milestone in the upstream supply chain and procurement management system is a recognition of the company’s commitment to sustainable practices and responsible sourcing. The ISO 20400 certification is a globally recognized standard […]
