Delta State unveils roadmap to unlock 3,000MW potential
..Transcorp, Manitoba, InfraCredit, CNG Initiative pledge investmentsBy Babajide Komolafe, Economy Editor & Egufe Yafugborhi, Ochuko AkuophaASABA—Delta State yesterday unveiled a roadmap to unlock its nearly 3,000 megawatts of installed electricity generation capacity, with plans to establish a Delta State Electricity Regulatory Commission and a Delta State Rural Electrification Agency, as major investors in the power […]
DPR worries over decline in oil, gas reserves
The Department of Petroleum Resources, DPR, has expressed concern over the continued decline in Nigeria’s oil and gas reserves.“For the first time in many years, Nigeria’s oil and gas reserves are on the decline.”
Operators urge SEC to enforce corporate governance codes
Some capital market operators on Monday urged the Securities and Exchange Commission (SEC) to ensure that stakeholders were adhering strictly to corporate governance codes.
CBN seeks enforcement of dividend payment, seven days after AGM
The Central Bank of Nigeria, CBN, is considering issuing a directive to quoted companies to ensure that dividends declared are remitted to registrars for onward payment for shareholders within seven days after their annual general meeting.
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.
