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 […]

Development Bank of Nigeria Begins Operation

The Federal Government has inaugurated a Development Bank of Nigeria (DBN), to commence operation with a capital base of $1.5bn to  support medium to long-term lending to Micro, Small and Medium-scale Enterprises with duration of up to 10 years and a moratorium period of up to 18 months. Based on the projection of the Federal […]

No Dividend on Sovereign Wealth Fund Till 2017

The Nigerian Sovereign Investment Authority (NSIA) has said that it would not pay dividend on the Sovereign Wealth Fund until the end of the 2017 financial year. The Managing Director and Chief Executive Officer, NSIA, Uche Orji, disclosed that the law that set up the Sovereign Wealth Fund states that the agency will pay dividend […]

MPC: CBN Retains Benchmark Rate at 13%

As the Central Bank of Nigeria (CBN) struggles to meet demand for dollars in the foreign exchange market, the CBN governor, Godwin Emefiele, has said that the currency for transacting business in the country remains the naira and stressed that it is illegal in Nigeria to transact business in foreign currency and advised those involved […]

Oil Price Fluctuation Stalls Exploration Prospects

By Anthony Uche The petroleum industry is the largest sector and main generator of income for Nigeria. The industry accounts for over 95% of the country’s export earnings and about 75% of government’s revenue and these revenues are dependent on the volatile nature of crude oil prices in the international market. Oil prices have been […]

The Changing Face of The Oil & Gas Industry and Nigeria’s Future

By Ogodo Douglas The oil industry in Nigeria has gone a long way since 1958 when first oil was discovered at Oloibiri. It has become the main stay of the country’s economy for the past five decades and the government is committed to ensuring a vibrant oil and gas industry despite the fallen oil prices […]

NGTNC: Will The Network Code Succeed?

By Osaneku Monday Nigeria has significant gas reserve estimated at about 182 trillion cubic feet (tcf) and currently ranked 9th in the World in terms of proven and probable natural gas reserves and studies have shown that there are potential 600 tcf undiscovered gas reserves. Despite the abundance in reserve base, the domestic gas sector […]

Gas Will Grow the Economy of Nigeria

By Engr. Dada Thomas In 2003 when Frontier Oil got its license from the Federal Government to operate its marginal field, the company expected maximum output in terms of oil exploration but was disappointed when it turned out to be a gas field leaving a bitter taste in its mouth and a big pill to […]

Emerging Challenges To E&P Companies In Africa

By Oseneku Monday   Over the last decade, African Continent has recorded a huge success in the exploration for hydrocarbons. However, in recent times, some of the largest discoveries that were made in the continent includes the entry of new country players in East Africa such as Mozambique, Tanzania and Kenya with huge volumes of […]

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 […]

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