Moritz Abazie is the Chairman, Strides Group, owners of Strides Energy & Maritime Limited. In this interview with STANLEY OPARA and EMEKA NWACHUKWU, he spoke on the future of Nigeria’s oil and gas industry, the economy and the need to bridge the country’s infrastructural gap.   How far can oil/gas revenue go in addressing Nigeria’s…

In line with the Federal Government’s aspirations to increase local consumption of Liquefied Petroleum Gas (LPG) in the country, Petroleum Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC) has disclosed plans by the government to remove the existing value added tax (VAT) on LPG sourced locally. The company’s Executive Director,…

Mojec International Limited, leading smart meters manufacturing company, has been commended by the Federal Government for its production of world-class meters and its plastic manufacturing factory. The firm aims to address the shortfall in meter accessibility by end users in Nigeria. The Vice President, Federal Republic of Nigeria, Prof. Yemi Osinbajo, paid a visit to…

LADOL Free Zone has commended stakeholders’ efforts targeted at promoting the local content policy of the Federal Government. Appreciating the support from all stakeholders in the Egina Floating, Production, Storage and Offloading (FPSO) vessel, the Chairman of LADOL, Ladi Jadesimi, said the project’s success was a pointer to the growth of local content and capacity…

Schneider Electric says it is committed to providing the industry with digital solutions for businesses that are guaranteed to enhance profitability and optimise costs. The foremost innovator and specialist in energy management solutions made this known during the Society for Petroleum Engineers/Nigerian Annual International Conference and Exhibition themed: “The role of the Oil and Gas…

Though the National Union of Electricity Employees (NUEE) has halted its siege to Ikeja Electric (IE) headquarters, it said it would not accept the current conditions of service presented by the company. Customers of IE were thrown into total blackout between Wednesday and Friday last week, as members of the union laid siege to the…

Abuja Electricity Distribution Company (AEDC) said it has invested about N10 billion in pre-paid meters to address the issue of estimated billing. Speaking at the flag-off of installation of 222,728 pre-paid meters yesterday in Abuja, the Managing Director, Engr. Ernest Mupwaya, disclosed that the investment was also to confirm to customers that AEDC was not…

Today the mining sector accounts for 0.3 per cent of national employment, 0.02 per cent of exports and about $1.40 billion of Nigeria’s Gross Domestic Product. Nigeria, no doubt, is endowed with vast reserves of solid minerals, including, but not limited to, precious and base minerals...

As part of efforts to fight corruption and institute accountability in the country’s oil sector, the former Minister of Education, Obiageli Ezekwesili, has called on Civil Society Organisations (CSOs), to demand transparency on the inflow and outflow of oil revenue...

The Independent Petroleum Marketers Association of Nigeria (IPMAN) says there is the likelihood of a scarcity of Petrol in Ibadan due to non-availability of the product at the depot.

The construction of the 650,000 barrels of crude oil per day Dangote Refinery is expected to help Nigeria save over $7.5 billion through import substitution.The project, will put Nigeria on the global map as major oil and gas hub in Africa, the Group Executive Director, Devakumar Edwin, has hinted.

Hundreds Onnes youths on Tuesday, stormed the Shell Nigeria Exploration and Production Company (SNEPCo) base over alleged plan by the company to pull its operations out of the Oil and Gas Free Zone, Onne, Rivers State.