Nigeria is Africa’s largest oil producer and, in global terms, ranks 11th, with an output of around 2.45 million barrels per day. However, an increase in output of 500,000 barrels per day could take it to 7th worldwide

Nigeria’s electricity distribution companies, DISCOs, under the umbrella body, the Association of Nigerian Electricity Distributors, ANED, has claimed that the revenue shortfall in the Nigerian Electricity Supply Industry, NESI, has reached N809.8 billion,

There are indications that the Federal Government may be at discord with the gas sector operators over incentives with the government calling on private investors to tap into opportunities available in the industry to grow their investments as well as the economy.

The Nigeria Liquefied Natural Gas Limited, NLNG, paid $489.226 million, about N151.6 billion, in various forms of taxes to the Federal, States and Local Governments in 2016.

Nigeria’s oil production is expected to increase as Shell Nigeria Exploration and Production, Company, SNEPCo, concludes its turnaround maintenance, TAM, at the 225,000 barrels per day, bpd, Bonga Floating Production Storage and Offloading, FPSO, this month.

MINERS under the auspices of Miners Association of Nigerian, MAN, have expressed frustration over high cost of mining equipment due to recession and high exchange rates.

The price of cooking gas, otherwise known as Liquefied Petroleum Gas, LPG has risen by 25 percent in the domestic market between the fourth quarter (October to December) of 2016 and the first quarter (January to March) 2017.

Oil-producing communities, under the auspices of Host Communities of Nigeria, Producing Oil and Gas (HOSTCOM) have called on the Federal Government to immediately allocate 10 oil blocks to its nominees and stakeholders and also award licenses for its proposed ten modular refineries with capacities ranging from 1,000 to 3,000 barrels per day.

The Nigerian National Petroleum Corporation, NNPC, said it is facilitating the growth of the midstream oil sector with a view to opening up other ancillary sectors that will help boost the industrial sector.

An indigenous company, AOS Orwell is partnering with Emerson Automation Solutions to sensitise oil and gas companies on operational challenges associated with Shutdown, Turnaround and Outages (STO).

Nigeria’s quest for regular power supply may not be achieved in the nearest future as the distribution companies, DISCOs, still battle to cope with several failed expectations from the underlying agreement behind the electricity industry performance milestones.

Amidst complaints of recession, hostile business environment and lack of foreign exchange, an indigenous Nigerian company has promised to give Nigerians 24 hours a day, seven days a week electricity supply.

Mr. Oscar Onyema, the Chief Executive Officer, Nigerian Stock Exchange, NSE, has expressed confidence in NIPCO’s ability to ensure continuous investors interest in the capital market following its recent acquisition of 60 per cent stake in Mobil Oil Nigeria (MON).

Nigeria’s power sector has just gone from bad to worse. The long standing problems have become complicated.

The industrialization dream of the Federal Government will only be realised when the country develops a critical mass of skilled people, the Managing Director of Total Upstream Companies in Nigeria, Nicolas Terraz said.