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 […]

Africa’s Richest Man to boost Nigerian Gas Supply

http://www.forbes.com/profile/aliko-dangote/ Aliko Dangote, a businessman with a net worth of $17.7 billion, plans to increase Nigeria’s supply of gas by 400% in two years’ time. The project will be backed by Blackstone Group LP and Carlyle Group LP, two of the biggest private-equity firms based in the U.S. Dangote will invest around $2.5 billion in […]

TCN Demands Upward Review of Transmission Tariff

TCN has applied to the Nigerian Electricity Regulatory Commission (NERC) to review its tariff upward to accommodate extant expenditure incurred in transmitting power. The Transmission Company of Nigeria (TCN) is requesting for an upward review of the fees for transmitting electricity from generation points to distribution points in electricity supply. TCN stated that a number […]

FG, Russia Firm Discuss Nuclear Power Plants

The Federal Government is discussing with a Russia firm, Rosatom, to build four nuclear power plants worth about $20bn in the country. The Chief Executive, Nigeria Atomic Energy Commission, Franklin Erepamo Osaisai, said that nuclear power would guarantee long-term energy supply as the first nuclear plant will be operational in 2025. Nigeria has no experience […]

NIPP Set for Second Phase Restructuring, Targets 4,000mw

The Niger Delta Power Holding Company (NDPHC) has announced a minor reshuffle of its management structure as the company prepares for second phase of its operations. A statement by the Company stated that the restructuring of its management is to reposition NDPHC towards contributing about 4,000mw into the national grid on completion of its phase […]

LCCI Urge CBN to Reduce Charge on Bank Deposit

The Lagos Chamber of Commerce and Industry has called on the Central Bank of Nigeria to reduce charges on bank deposits, especially the 0.5 per cent fee payable to the Nigeria Deposit Insurance Corporation and another 0.5 per cent to the Asset Management Corporation of Nigeria. The LCCI noted that the additional costs were invariably […]

Nigeria to Host World Banking Conference

International delegates at the 21st World Conference of Banking Institutes (WCBI) in Seoul has unanimously voted Nigeria to host the next conference in Lagos in 2017. The WCBI is a biennial event established in 1975 to foster the education and training of financial services personnel around the world. Over 50 personnel from 25 countries and […]

Nigerian Banks Have The Capacity To Fund The Oil Industry

By Elias Igbinakenzua   The oil and gas industry in Nigeria has been vibrant for the past fifty years of its operational activities. The secret of this success has been attributed to the aggressive banking sector in the country especially with its support to indigenous oil companies after the emergence of the marginal field programme. […]

Oil & Gas Sector: Tasks Before Gen. Mohammadu Buhari (GMB) rtd.

By Osaneku Monday Now that Nigerians have elected a new President, GMB, one sector of the economy that Nigerians will expect a lot of positive changes and complete over-haul is the oil and gas sector because of its strategic importance to the economy as it is the major source of revenue to the Federal Government. […]

Gas: The Dorminant Energy Of The Future

By Ogodo Douglas Due to the fallen oil price which has dealt a serious blow to Nigeria’s economy due to over dependence on oil, the country has been advised to diversify to gas. Although it is challenging, stakeholders believe that gas will grow the economy of Nigeria and that the country needs to exploit its […]

Deepwater Trends & Challenges

By Osaneku Monday The search for more oil/gas reserves by E&P Companies will continue in as much as hydrocarbon continues to play a very vital role in our daily life. The depletion of onshore fields over the years has compelled oil companies to focus on shallow-water oil fields and later the ultra-deep water measuring about […]

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