Nigeria’s crude oil revenue is set to grow by $17.17 million, about N2.75 billion daily, as the Nigerian Petroleum Development Company, NPDC, is projecting a crude oil production of about 160,000 barrels per day, bpd.

Pioneer tools company, the Nigeria Machine Tools Limited, NMT has stated its readiness to commence full production, aimed at delivering value to critical sectors of the economy.

Nigerian National Petroleum Company, NNPC, is close to launching a multi-sourced financing for the roughly US$2.5 billion Trans-Nigeria Gas Pipeline, TNGP project.

The Federal Government’s desire to achieve commercial oil production in the Chad Basin this year may not come to fruition, due to insecurity caused mostly by Islamic insurgency under the code name, Boko Haram.
Vanguard learnt that the various technical personnel who provided support services for exploration activities have left the region from fear of being killed, while geologists in the Nigerian National Petroleum Corporation (NNPC), also shunned the volatile Basin in Borno State for fear of losing their lives.

Electricity supply in Nigeria, worsened in the fourth quarter (Q4) of 2013, at the peak of the privatisation process, power poll results just released by NOIPolls Limited have shown.
The report said that although power supply to households worsened in Q4, nevertheless, majority of Nigerians (70 percent) were hopeful about the ongoing reform in the power sector.