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NEPC’s Zero Oil Plan targets N30.5tn revenue from non-oil export, but…


Though the Federal Government, through the Nigerian Export Promotion Council (NEPC) is targeting annual non-oil export revenue of $100bn (about N30.5tn, at N305 per dollar exchange rate) through the implementation ...

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Iheanacho explains why he sited refinery in Lagos than somewhere in Imo State


Core investor in the emerging Eko Petrochem & Refining, the special purpose company handling the Greenfield refinery project for Integrated Oil & Gas Group, Capt. Emmanuel Iheanacho, has provided fresh ...

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Inability to transmit ready 6,000MW translates to daily loss of N2.568bn—NESI

fashola switches op transmiter

More facts on why the nation’s power privatization spree by previous administration must be reviewed are still emerging. Weekend, the Nigerian Electricity Supply Industry Statistics (NESI) analysis revealed that the ...

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Conflicting statistics trending in Nigeria’s oil exploration, production worrisome

Ibe K

Only last week, a Senator, Ms. Stella Odua called for a reliable metering system that will help determine the exact volume of all oil output and sales in the country, ...

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Community youths protest lack of infrastructure, jobs at Shell crude flow station


Aggrieved host community members in their numbers, stormed a crude oil flow station belonging to Shell in the restive Niger Delta on Friday, demanding jobs and infrastructure development for the ...

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Dangote invests in solar power plant, seals MoU on 100MW with Kano State

Dangote Gan Emir

Kano State government is now changing its narrative on issues of electricity for industrial purpose in partnership with leading conglomerate, the Dangote Group. Already, both parties have sealed a Memorandum ...

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We are not currently recruiting at NNPC, Baru warns Nigerian job seekers, scammers


Considering rising cases of job scam hanging around the Nigerian National Petroleum Corporation (NNPC), the company has once again, announced that it never inaugurated a recruitment campaign of any kind ...

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Egina field to begin oil exploration in Q4 2018, says Total

Floating Vessel

Emerging major deepwater development in Nigeria, Egina oil field is expected to achieve first oil in the fourth quarter of 2018. The floating facility is coming with a capacity to ...

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Fears of crude oil price fall heighten as Nigeria, US, Libya’s outputs rise

OPEC Ibe kachukwu

The observed stability of light sweet crude in hitherto volatile Nigeria and Libya oil communities, plus stable US Shale explorations are becoming serious threats to global oil price which steadied ...

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Good news for 2017 budget as oil price jumps to $53 a barrel

After two days of decline, Brent crude LCOc1, the global benchmark, on Wednesday was up 50 cents at 52.64 dollars. Analysts say the trend is good for the Nigerian economy ...

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