Fishing industry can surpass oil sector with proper harnessing – Marine minister, Oyetola
“Nigeria has the best port in the world, every time you take a vessel on fishing after spending about N140 million to sail a vessel, you will realise N60 million..."
Commodity Exchange MD wants right policies to boost non- oil sector
Mrs Zaheera Baba-Ari, the Managing Director, Nigeria Commodity Exchange (NCX), has solicited for “the right policy initiatives” aimed at boosting the country’s non-oil export earnings.
Rep signifies major changes underway in oil sector
THE Nigerian National Petroleum Corporation (NNPC) may have started measures towards selling the nation’s old refineries, as well as withdrawal of licences from inactive investors in the sector.
Foreign investors stake $291m in Nigeria’s oil sector
FOREIGN investment inflow into the Nigerian oil and gas industry rose to $291.47 million in the first six months of the year, between January and June 2017, according to data released by the National Bureau of Statistics, NBS. The NBS in its Second Quarter 2017 Foreign Capital Importation Report, disclosed that foreign investment inflow into the oil and gas sector appreciated by 31.76 per cent compared to an inflow of $221.21 million recorded in the first six months of 2016.
Chinese banks invest $250m in Nigeria’s oil sector
NIGERIAN National Petroleum Corporation, NNPC, yesterday, said a consortium of Chinese banks have invested $250 million in the Nigerian petroleum industry.
FG rules out complete deregulation of oil sector
ABUJA — The Federal Government, yesterday, ruled out total deregulation of the downstream sector of the petroleum industry.
