President Bola Ahmed Tinubu
Nigeria to roll out compressed natural gas (CNG) on democracy day
The Nigerian Government said the Presidential Compressed Natural Gas Initiative (PCNGI) will be rolled out on democracy day.
Oil and Gas Exploration is on The Rise In Africa
In its Q1 2022 Outlook, The State of African Energy, the African Energy Chamber investigates Africa’s oil and gas exploration landscape in 2022 and beyond
Source: African Energy Chamber
OPEC’s historic deal is a victory for African oil companies, empowers the industry to beat COVID-19
OPEC and OPEC+ member countries have finally decided to cut oil production by 9.7 million barrels a day starting on May 1st, 2020 and until June 30th, 2020.
Nigeria joins other OPEC+ partners to cut World oil supplies
The curtailment of crude oil production by 9.7 million barrels promises an appropriate balancing of Nigeria’s 2020 budget that has been rebased at $30 per barrel.
Source: African Energy Chamber
Equatorial Guinea Pledges Continued Support to Foreign Operators in its Hydrocarbon Sector
Equatorial Guinea continues to be proactive in encouraging foreign direct investment into the country
The Nigeria Ports Authority disclosed on Monday that ship load of fuel and other goods would arrive the country before March end
Nigeria expecting fifteen ship load fuel import in March – NPA
Nigeria will receive seventeen ship imports before the end, out of which, 15 of them are carrying fuel. This information was revealed by the Nigerian Ports Authority, NPA, in its daily publications 'Shipping Position'. The report, according to NAN, further discloses that the ships are expected to arrive between March 17 and March 29 at the Lagos Apapa/Tin Can Island…
Legacy of PDP: Nigeria loses $6bn in corrupt oil deal
Nigeria will lose an estimated $6 billion in revenue to international oil companies, Shell and Eni, over the deal on the controversial oil block, widely known as Oil Prospecting License (OPL) 245. icirnigeria.org reported the new findings quoting a report by Global Witness called Take The Future. According to icir.org, leaked emails and confidential documents also showed that the oil…
Dr Maikanti Baru -NNPC
Baru claims NNPC has enough petrol stock
NNPC Boss, Dr Baru said that the Corporation would continue to live up to its responsibility by intervening in the supply of deregulated petroleum products to ensure supply sufficiency.
DPR seals four petrol stations in Abuja
The Department of Petroleum Resources (DPR) has sealed four petrol stations in Abuja for hoarding, under dispensing and other sharp practices in selling Premium Motor Spirit (PMS)
Oando PLC Boss, Wale Tinubu
Tinubu blames oil prices, weak naira for Oando’s loss
The Group CEO of Oando Plc, Adewale Tinubu, has blamed the company’s record loss on falling crude oil prices and the weakness on the naira.
Nigerian Oil firm plans to invest N2bn in mega filling stations
Chris Igwe, Managing Director, Mainland Oil and Gas, on Tuesday said the company planned to invest about N2 billion in mega filling stations across the country.
FG Seeks Polish Support On Power Sector Transformation
The federal government has asked the Polish government to support it with expertise especially in the area of transmission as the existing lines in the country are old and weak. While soliciting their support to develop the nation’s evacuation of...
Harnessing Local Content For Nigeria’s ICT Growth
The near absence of Nigerian information and communications technology companies to compete effectively on the local market is of great concern to many. CHIMA AKWAJA in this write-up looks at the challenges of enabling indigenous companies to excel, wh...
Nebo Settles Manitoba, PHCN Union Rift
The Minister of Power, Prof. Chinedu Nebo, has asked the management of Manitoba Hydro, the management contractors for the Transmission Company of Nigeria (TCN) to respect the rights of Nigerian workers as entrenched in the law of the land. The minister...
We Did Not Embarrass President Jonathan – PHCN
PHCN Eko Electricity Distribution Company has said it was not responsible for the power interruption on Easter Sunday at Our Saviour’s Anglican Church during the President’s visit. This was contained in a statement issued by the Assis...
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