A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc
…Losses accumulate to N1.5trn By Michael Eboh Independent auditors and management of the Nigerian National Petroleum Corporation, NNPC, have raised doubts over the ability of the corporation to continue as a going concern, following rising losses and negative capital as a result of excess of liabilities over its assets as stated in its recently published
Read More
By Egufe Yafugborhi – Port Harcourt Shell Nigeria Gas (SNG) has commenced City Gate Gas Plant, a project to ensure safe transmission of gas to power booming businesses in Aba, Abia state’s commerce hub. Ed Ubong, Managing Director of SNG, a Shell company in Nigeria, said, “City Gate Plant will enable SNG remove more impurities
Read More
By Alice Ekpang The Minister of Mines and Steel Development, Architect Olamilekan Adegbite, has said that the ministry has a target of increasing the mining sector’s contribution to the nation’s Gross Domestic Product, GDP, by 5% in 2025. Addressing newsmen in Abuja, Adegbite lamented that mining which contributed about 12 per cent of the country’s
Read More
•Funds not effectively managed — Experts By Michael Eboh Despite the huge global crash in prices, Nigeria’s earnings from oil and gas in the first half of 2020, is N2.41 trillion just 8.7 per cent below the N2.63 trillion recorded in the corresponding period of 2019. This brings the country’s total earnings from this mainstay
Read More
After decades of embracing fossil fuels, Wall Street appears to be shifting its allegiance to renewable energy, a sharp turn apparent in the contrasting fortunes of NextEra Energy and ExxonMobil. Florida-based NextEra, a big player in wind and solar energy, has overtaken the global oil giant as the most valuable US energy company by market value.
Read More
By Michael Eboh Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari, on Tuesday, stated that the deregulation of the downstream sector of the oil and gas industry in Nigeria will increase investment in the refining business and facilitate exponential growth in the nation’s refining capacity. In a statement in Abuja,
Read More
By Prince Okafor Shell Nigeria Gas (SNG) said it would continue to optimise its onshore footprint while investing in gas development in Nigeria. This came as the company commissioned an indigenous contractor, Gredor Nigeria Limited, to begin the construction of the gas pipeline infrastructure to deliver gas to the Nigeria Content Development and Monitoring Board
Read More
By Prince Okafor Nigerian Content Development and Monitoring Board (NCDMB) said at least five innovative teams emerged over the weekend as winners of the Nigerian Oil and Gas Technology (NOGTECH) Hackathon. Each of the five winning teams was given a cheque of $10,000 equity-free grant and they will proceed to participate in a 3-month incubation
Read More
By Ediri Ejoh The Federal Government has been urged to deploy new strategy to unlock the potentials and maximize the use of the country’s available vast natural gas resources to improve the nation’s economy. Group Executive Director, Strategy, Capital Projects and Portfolio Development, Dangote Industries Limited (DIL), Mr. Devakumar Edwin said there was the need
Read More
By Prince Okafor The Nigerian Electricity Regulatory Commission (NERC) says the Federal Government spent N540 billion subsidizing electricity in 2019. The commission further stressed on the need to put an end to subsidy in the sector. NERC Vice-Chairman, Sanusi Garba, who spoke during an interview with TVC, stated that the amount spent on electricity subsidy
Read More
