THE Electricity Distribution Companies, DISCOs have vowed to comment on government initiatives in order to protect their huge investments in Nigeria’s power sectorRead More
Nigeria spent N995.835 billion on the importation of Premium Motor Spirit, PMS, also known as petrol, in the first half of 2018, according to latest data released by National Bureau of Statistics, NBS.Read More
Moritz Abazie is the Chairman of Strides Group, the owners of Strides Energy & Maritime Limited. In this interview with Cynthia Alo, he speaks on a wide range of issues, including the ways and means of funding infrastructural development.Read More
Stakeholders in Nigeria’s oil and gas industry have called on the President, Muhammadu Buhari, to sign the Petroleum Industry Governance Bill, PIGB, into law.Read More
RECKLESS disposal of plastics has been identified as a major environmental problem in Nigeria’s oil and gas- bearing areas.Read More
THE Nigerian mining sector is gradually becoming the toast of both local and foreign investors, going by the current reforms undertaken by the Federal Government in the sector.
Data obtained from the Federal Government revealed that Nigeria currently has over 44 known types of minerals of varying mixes and proven quantities, some of which are concentrated in certain regions.
THE Minister of Mines and Steel Development, Mr. Abubakar Bawa Bwari has revealed why the Federal Government, through his ministry, ordered the suspension of blasting and mining activities around areas that experienced minor earth tremor last week.Read More
THE Department of Petroleum Resources, DPR, has directed Energia Limited, a major indigenous oil and gas producing company, to pay N900 million to sacked workers in order to escape a court-driven compensation valued at N2.0 billion.Read More
Despite promises, the Federal Government has not yet removed Value Added Tax, VAT, from locally sourced Liquefied Petroleum Gas, LPG.Read More
MT Sahara Gas, the newly built vessel acquired by the West Africa Gas Limited, WAGL, has delivered 7,000 metric tons of Liquefied Natural Gas, thus increasing domestic supply in the nation.Read More
POWER supply in Nigeria has dropped, as the Transmission Company of Nigeria, TCN and Nigerian National Petroleum Corporation, NNPC, record system collapse and pipeline shutdown respectively.Read More
The Shell Nigeria Gas (SNG) has donated an ultramodern ICT Centre and well-equipped science laboratories to African Church Community Secondary School in Ewupe, a community hosting the company’s facilities in Ota area of Ogun State.Read More
THE Nigerian Content Development and Monitoring Board (NCDMB) has been tasked to ensure that the Nigerian oil and gas industry is able to produce all its needs by year 2027, the Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu has directed.Read More
THE Nigerian Electricity Regulatory Commission, NERC, has slammed the Ibadan Electricity Distribution Company, IEDC with a fine of N50 million for alleged giving out of loan worth N6 billion from the N11.367 billion it received from the Nigeria Electricity Market Stabilisation Fund, NEMSF, granted by the Central Bank of Nigeria, CBN, to its core investor group.Read More
There are indications that Nigeria’s crude oil biggest buyer, India has started looking up to the United States for the product. According to Platts, “Indian Oil Corporation (IOC) issued a tender for one Suezmax or VLCC cargo of US crude loading in December, along with one Suezmax or VLCC of West African crude.Read More