A new report by GlobalData, a data and analytics company has said that efforts by Nigeria to revive its ailing refineries alongside other upcoming private refinery projects will place the country second in global refining capacity after China. The report said Nigeria is planning a massive refinery expansion to meet growing domestic demand for petroleum…
To conduct an unbiased final periodic review of the performance of the privatised electricity Distribution Companies (DisCos), by December 31, 2019, the National Union of Electricity Employees (NUEE), has asked that the Bureau of Public Enterprises (BPE), be excluded from being part of the process. The union, which argued that a player cannot be a…
The Minister of Mines and Steel Development, Alhaji Abubakar Bawa Bwari, has said Nigeria is open for business for genuine Chinese investors in the mining sector. The minister said this in his address titled: “Nigeria’s Solid Minerals Sector: A New Haven for investors,” at the recent third Sino-Nigeria Mining roadshow, during the 2018 China Congress…
The Chief Executive Officer of Axxela Limited, Bolaji Osunsanya has tasked stakeholders in the nation’s gas sector to find lasting solutions to the challenges besetting the industry. He gave the challenge Axxela’s in his keynote address titled “Actualising Gas Infrastructure Development; Untangling the Bottlenecks”, delivered at the recent Nigerian Gas Association conference and exhibition in…
Welcome. We are hoping to have an increased regional trade integrations among African countries and to drive the index from a paltry 15% to somewhere between 25 and 50%, which is close to our European (68%) and Asian neighbours (53%). With or without the AfCFTA, we need to achieve this in the nearest future for…
The Management of Port Harcourt Electricity Distribution Company, PHED, has set aside two days in a month across all the Integrated Business Centres, in Akwa Ibom, Bayelsa, Cross river and Rivers states for special reconciliation of customers’ accounts with billing related issues. PHED in a statement by the Manager, Corporate Communications, John Onyi, said that…
National Oil Companies (NOCs) are diversifying beyond their upstream oil and gas core, with major NOCs forecast to spend over US$116 billion in new petrochemicals projects, according to GlobalData, a leading data and analytics company. The company’s analysis of NOCs’ portfolios shows that while many NOCs have historically diversified internationally, this strategy was generally not adopted…
In a move to speed up the development of its local subsidiary (Entrepose DBN), and widen its reach in the nation’s Oil, Gas and industrial sectors, Entrepose Group has formed a strategic partnership of being an EPC contractor with Shoreline through the sale of 51 per cent of the company’ share capital. Engineering, Procurement and…
• Nigeria records $3.038b, N60.997b loss in oil sector • Oil prices fall as Russia promises high output • We expect OPEC to hold firm on $70, says Kachikwu President Muhammadu Buhari (right); ECOWAS President, Jean Claude Brou; Special Representative of UN Secretary General on West Africa and Sahel, Dr. Mohammed Ibn Chambers and ECOWAS…
The federal government has disclosed plan to re-sell the Yola Electricity Distribution Company as well as privatise the Afam Power Plant. The proceeds from the sale are expected to be utilised in funding part of the 2018 budget. The Director General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh, revealed this in Lagos…
