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Nigeria still flares commercial gas, loses N128bn in five months

The Vice President, Professor Yemi Osinbajo (SAN), accompanied by Lagos State Governor, Mr Akinwunmi Ambode and the All Progressives Congress (APC) Governorship candidate in the State, Mr Babajide Sanwo-Olu on Monday launched the The Federal Government special enterprise and empowerment programme otherwise known as TraderMoni in three additional markets in Lagos.

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Nestoil, others operate below capacity despite investments to boost Local Content

WITH the making of a commercial oil find in 1956, there were strong indications that the International Oil Companies, IOCs would dominate Nigeria’s oil and gas industry for some reasons. First, the IOCs had the technology and other resources to invest in exploration and production of oil and gas. Second, their indigenous counterparts were not visible then.

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