‘Nigeria far from economic diversification despite gloomy oil fortunes’
The Nigerian Nation Resource Charter (NNRC) has again raised the alarm about the approach of the Federal Government towards the use of proceeds of oil and gas despite dwindling fortunes of the sector.
Nigeria, Ghana top list of countries to watch for key project developments
The African Energy Chamber In its latest African Energy Outlook 2020 report has highlighted the importance of increased infrastructure capacity in Africa’s long-term industrial development.
'Nigerian Content Act implementation aided over $2b investments inflow’
The Oil and Gas Trainers Association of Nigeria (OGTAN) has stated that the Nigerian Content Act established by the previous administration has started yielding positive impacts in different sectors of the economy, especially in the oil and gas industry.
TCN chapter at loggerheads with SSAEAC over illegalities, N25m dues
The recurring face-off between the national body of the Senior Staff Association of Electricity and Allied Companies (SSAEAC) and the Transmission Company of Nigeria (TCN) chapter of the association...
Nigeria to profit from PPP investments in oil sector
Partnership between the Federal Government and indigenous oil players is expected to drive new investments in the oil refining space, as new modular refineries are expected to come on stream.
BPE defends electricity privatisation, assures of improved power supply
The Director-General of the Bureau of Public Enterprises (BPE), Alex A. Okoh has assured that with the various interventions by the Federal Government in the power sector...
DPR eyes Q1 2020 to show results for sector’s priorities
There are indications that the Department of Petroleum Resources (DPR) will by first quarter of next year, show its scorecard on some priority agendas the Federal Government is working to reposition the oil and gas sector....
‘About 30% of $200m NCI fund still accessible’
The Nigerian Content Development and Monitoring Board (NCDMB) has revealed that over 70 per cent of the US$200 million Nigerian Content Intervention Fund (NCI Fund) has been accessed by operators.
IEA maintains oil glut projection for 2020 as prices steady at $65
Despite the OPEC+ cuts, the oil market is still facing a supply surplus in 2020, according to a new report from the International Energy Agency (IEA).