FG maps 500,000 MSMEs to drive industrial growth, competitiveness
…Disburses over N600bn through BoI to support business By Yinka Kolawole The Federal Government has captured more than 500,000 Micro, Small and Medium Enterprises (MSMEs) in a national database as part of efforts to strengthen industrial development, improve policy planning and enhance Nigeria’s competitiveness in regional and global trade. This is even as over N600 billion has […]
FG to introduce expatriate quota management
The Nigerian Content Development and Monitoring Board, NCDMD, has disclosed plans by the Federal Government to introduce an Expatriate Management Quota, EQM, to regulate the use of foreigners for jobs that could be performed by Nigerians in the oil and gas industry.
NNPC, Shell to increase NPDC production to 250,000 bpd
The Nigerian National Petroleum Corporation, NNPC, and the Shell Petroleum Development Company, SPDC, have agreed to turn the Nigerian Petroleum Development Company, NPDC, to a world class exploration and production company.
Olorunsogo contributes 160MW to national grid
Public power supply in the country recently received a boost from the OlorunsogoPower Station, as the plant is now contributing of 160mega watts of power to the National Grid. The power station has eight units with combined capacity of 304MW or 38MW each, but has been working far below capacity since its inauguration due to gas supply issues.
Shell’s Afam delivers 10 twh electricity into National Grid
The Afam VI Combined Cycle Power Plant in Rivers State achieved a milestone in May 2012, as it has delivered about 10 trillion watt-hour,TWh, of electricity into the National grid since first power in 2008.
‘Low crude production, major loss of revenue’
President of Global Water and Energy Strategy Team, Mr Paul Michael Wihbey, has expressed concern over the low production of crude oil in Nigeria, adding that it is a major loss of revenue to the country.
