Derefaka explains launch of the National Gas Transportation Network Code
Technical Adviser (TA) to the Minister of State, Petroleum Resources on Gas Business & Policy Implementation, Mr Justice Derefaka has provided additional insights to the launch of the National Gas Transportation Network Code on Monday, saying the scheme remains key…
GTBank Oil outlook 2020 shows how MPR would raise N4.45tn for national budget
More facts smoked out from the GTBank’s Oil Outlook 2020, have shown that of the 2020 targeted spend of N10.59 trillion, the Ministry of Petroleum Resources (MPR) will contribute circa N4.45 trillion. Commenting under the title; ‘The Ministry of Petroleum…
All set for launch of National Gas Transportation Network Code by FG today
After years of strategic planning, the Federal Ministry of Petroleum Resources (FMPR) will today, Monday, February 10, 2020, formally launch the National Gas Transportation Network Code (NGTNC). The unveiling, Business Hilights gathered, would form key part of the opening ceremony…
DPR plans new minimum safety certification for downstream gas vendors
Worried by the endless gas explosion and accidents in parts of the country involving downstream operators, who do business in unsafe outlets, the Department of Petroleum Resources (DPR), is currently structuring what it described as Minimum Industry Safety Training for…
Untimely, inappropriate privatization root of Nigeria energy crisis—Expert
Former Chairman of the Nigerian Electricity Regulatory Commission (NERC), Dr Sam Amadi has opened up on the exact root cause of the endless crisis rocking the nation’s electricity sector, saying “We are offering band aid to a mortally sick patient.”…
Why Sylva led Nigeria’s investment meetings in the US
More facts have emerged on the team of Nigerian top government officials at the US-Nigeria Binational Commission Meeting held in Washington DC earlier this week. It was that gathered that the Minister of State for Petroleum Resources, Chief Timipre Sylva…
Feb. 14 OPEC ministerial meeting may make or mar Nigeria’s 2020 budget if…
Serious challenge is brewing for the 2020 budget of the Federal Government following strong indications OPEC may consider cutting 500,000bpd in its next ministerial meeting come Friday, February 14 in Vienna, Austria. Analysts say if such decision is taken coupled…
2020 budget funding shocks heighten as oil steadies at downward trend
The observed continuous drop in the international oil benchmark, Brent crude, which plummeted to its lowest level in more than a year since Monday, had become a source of worry for the Nigerian economy as the earnings is the pivot…
Togo now W’Africa’s Largest Solar Photovoltaic investor with 50MW
Republic of Togo has taken lead West Africa’s drive to renewable energy revolution via its 50MW Mohamed Bin Zayed Photovoltaic Solar Power Complex today in Blitta. The project was launched in presence of H.E. Faure E. Gnassingbe, President of the…
Revealed: Crude swap data contradicts FG’s claim on reduced fuel use in Q3 ‘19
A humongous contradiction has been smoked out from the claims by the Federal Government that border closure reduced domestic fuel consumption in third quarter 2019. Otherwise, the impression created by the government that part of the advantages of border closure…
