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FG Tasked On Appropriate Conditions For Divestment

FG Tasked On Appropriate Conditions For Divestment

Stakeholders in the oil and gas sector have highlighted measures to be adopted to ensure that divestment by international oil companies (IOCs) are mutually beneficial as well as not inimical to the wellbeing of the…

Ekpo Backs Natural Gas-Driven Industrial Parks Across Geo-Political Zones

Ekpo Backs Natural Gas-Driven Industrial Parks Across Geo-Political Zones

The Minister of State, Petroleum Resources (Gas), Ekperikpe Ekpo, has commended the Managing Director of the Oil & Gas Free Zone Authority, (OGFZA), Mr. Bamanga Usman Jada, for providing the company with the necessary space…

Crude Oil: Evaluating Experts’ Views On Naira Transaction

Crude Oil: Evaluating Experts’ Views On Naira Transaction

In a perceived measure to address the outcry of the President of the Dangote Industries Limited, Alhaji Aliko Dangote, of insufficient crude to his 650,000 barrels per day capacity refinery and the concerns of other…

FGN Power Company Signs $118m Contract With Elsewedy, Power China

FGN Power Company Signs $118m Contract With Elsewedy, Power China

The FGN Power Company (FGNPC) on Wednesday announced the signing of a major Engineering, Procurement, Construction, and Financing (EPC&F) contract with Elsewedy and Power China for the rehabilitation and construction of distribution lines under Phase…

Oando Faults Reports On Investment In Malta

Oando Faults Reports On Investment In Malta

Oando Plc has said that neither Oando PLC nor its executives have ever held shares, investments, or interests in Ras Hansir Oil Terminal Ltd. This is contained in a statement by Chief Compliance Office &…

Oil Revenue Grew 30% In H1’24

Oil Revenue Grew 30% In H1’24

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that government revenue from the oil sector rose to 30 per cent in the first half of 2024 from 11 per…

Minister: Nigeria’s Flared Gas Rose By 7% In Half Year

Minister: Nigeria’s Flared Gas Rose By 7% In Half Year

The Minister of State for Environment, Dr Iziaq Salako, has said indicators from the National Gas Flare Tracker showed Nigeria in the first half of 2014 flared gas seven per cent above the level it…

Renewable Energy: Potent Strategy For Addressing Power Crisis

Renewable Energy: Potent Strategy For Addressing Power Crisis

Many stakeholders in the power sector have opined that more utilisation of renewable energy is imperative to tackle the energy poverty in the country. They also called for more investments to make renewable energies more…

FG Deducts N120bn From April Revenue For Presidential Metering Initiative

FG Deducts N120bn From April Revenue For Presidential Metering Initiative

The Federal Government has pro – vided N120 billion as the first tranche of the Presidential Me – tering Initiative (PMI). This is according to the Federal Account Allocation Committee (FAAC) disbursement report for May…

Egbin Power Unveils Hub To Equip Future Leaders, Ignite Creativity

Egbin Power Unveils Hub To Equip Future Leaders, Ignite Creativity

In a move that underscores its com – mitment to advancing education, Egbin Power, Nigeria’s leading pow – er generation company, has commis – sioned an innovation centre designed to equip students with entrepreneurial, practical,…