WHO’S WHO IN THE NIGERIAN OIL & GAS INDUSTRY

Who’s Who in the Nigerian Oil and Gas Industry makes available within one source, comprehensive information on Nigerian professionals and entrepreneurs who have and are making significant contribution to the growth and development of the industry. Nigerian professionals have been contributing significantly to the development of the Nigerian industry since its modest beginnings to its […]

Japan to Provide Solar Electricity in Nigeria

Japan has signed an agreement to provide about 75 durable and portable solar panels to Kabo community in Gurara local government area of Niger State. The project is a joint partnership between the Japanese government and Kawaguchi Energy Natural Solution (Kens.co), a Japanese private company. The project will be implemented in collaboration with a local […]

Africa Needs $3.2tr to Meet Energy Requirement by 2035

The African continent would require about $3.2 trillion cummulative investment to meet the energy demand by 2035 due to growing population. The Managing Director, Africa, Electrical Sector, Eaton, Shane kilfoil, who disclosed this at its inaugural West Africa Technology Day in Lagos, said that about 55 per cent of Africa’s population currently lack access to […]

CBN Introduces New Policy on Dormant Accounts

The Central Bank of Nigeria has introduced new guidelines for the treatment and management of dormant account balance by deposit-taking financial institutions. The CBN, in a circular, signed by its Director, Financial Policy and Regulation Department, Kevin Amugo, stated that the absence of clear guidelines for the management of dormant accounts had resulted in the […]

Bold Move Towards Naira Equilibrium

The CBN took the bold and audacious step to allow the naira to float towards its fair value. It did this by de-segmenting the forex market from three to two levels. It also changed the structure from a price discriminating monopoly to one tending towards pure competition, leading to a unification of rates to approximately […]

Nigeria Attracts $20bn FDIs in Three Years

The Executive Secretary/Chief Executive Officer of the Nigerian Investment Promotion Commission (NIPC), Saratu Umar, has said that Nigeria has attracted Foreign Direct Investments (FDIs) worth over $20 billion in the last three years. Speaking in Abuja at the signing of Memorandum of Understanding [MoU] between the NIPC and Nigerian Export Promotion Council (NEPC), Umar said […]

Packaging Marginal Field to Access Fund

  By Osaneku Monday In 2003, about 31 marginal fields (MF) were awarded to indigenous oil companies (Indigenous Operators). A review of the total fields acquired by indigenous companies in the 2003 bid rounds, shows that six (6) are producing, two (2) were formally on production stage, three (3) are running gas plants and one […]

Universal Discussion-Input Model: A Tool to Boost Local Content Compliance in the Nigeria Oil and Gas Industry

  By Professor Otokpa Agada The Nigeria Oil and gas Industry Content Development Act also known as Local Content Act was enacted in 2010 and the act is expected to impact positively in order to grow investment, boost manufacturing and also increase indigenous participation through human capacity development in the country. To this end, Professor […]

Enhancing Logistics Management in The Downstream Sector

  By Anthony Uche The implementation of proven logistics management solutions play a very vital role in the oil and gas industry as it reduces and controls the supply chain expenditure that helps in the prompt delivery of petroleum products. The players in the downstream sector are fully aware of the situation whereby the various […]

Brazil Remain Centre Stage in Rig Market

Brazil would likely become one of the largest oil exporters in the world over the next decade or two. In September 2014, Brazilian Federal Energy Planning Company, Empresa de Pesquisa Energetica (EPE), laid out its 10-year plan for energy expansion, which foresees that the country will be able to produce 5 MMb/d by 2023 from […]

Russia to Build Uganda’s Refinery

A significant milestone has been made in Uganda’s quest for a refinery with the announcement that a Russian consortium has won a contract of $4 billion for the construction Uganda’ first refinery. The Russian consortium led by Rostec subsidiary, RT Global Resources won the contract after competing with a group led by South Korea’s SK […]

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