Business Hilights

Tracking Nigeria's Headline Business News Online

Energy

NGA Exco visits Minister, seeks Industry, Regulator synergy

Top executive members of the Nigerian Gas Association (NGA), led by the President, Mrs. Audrey Joe-Ezigbo, Wednesday in Abuja, paid a courtesy visit to the Honorable Minister of State for Petroleum Resources, Chief Timipre Sylva. Their lead aim amongst others…

New IMO fuel sulphur regulation favours Nigerian sweet crude—PwC

Contrary to fears that Nigerian crude oil may be facing stiff market competition from next year over controversies facing OPEC cut regime from next year, a new report by PwC Nigeria, has projected higher demand for Nigeria’s sweet crude. This…

Discos’ metering capacity limited by allowable Capex in MYTO—PwC

Fresh fact has emerged on why electricity Distribution Companies (Discos) across the country, have continued to fall short of expectations in metering all their customers in record time upon signing onto Performance – Agreement to ensure that the gap in…

Discos licences hang in balance as NERC’s window expires

The only thing that will reassure Nigerians that the Federal Government, through the electricity regulatory agency, the Nigerian Electricity Regulatory Commission (NERC), has no hand in the poor services delivery of Discos is to wield the big stick following the…

NCDMB clarifies how local content drive’ll function on ICT, construction sectors

A clear picture on how local content drive will be tracked in other sectors of the economy other than oil and gas has started to emerge. Giving insights at the just concluded 9th Practical Nigeria Content Forum in Bayelsa on…

Why NNPC can’t award crude shipping contracts to local shippers for now

Clear facts have emerged on why the chances of local content adoption in the freighting or shipment of ordered crude oil to international customers’ by the Nigerian National Petroleum Corporation (NNPC) cannot be that feasible. Even though the provisions of…

WACT raises CSR, donates teachers’ quarters, waste disposal skips to Rivers towns

Leading maritime investor, West Africa Container Terminal (WACT), Onne Port, Rivers State, recently stepped up delivery of Corporate Social Responsibility (CSR) with the construction and donation of 10 units self contain apartments for use as Teachers Quarters to Ogu Town…

Renewables, natural gas a perfect pair for reliable flow of power in future—Minister

The Minister of State for Petroleum Resources, Chief Timipre Sylva, has revealed that the best pair of power sources that will drive developments in the near future remains renewable sources and natural gas. Speaking in his Ministerial Address at the…

10,000 jobs, revenue haul for FG expected from NLNG Train 7— NCDMB boss

Nigeria stands to gain a lot as soon as the upcoming Nigerian Liquefied Natural Gas (NLNG) Train 7 is activated by the highly expected Final Investment Decision (FID). This was the position of the Executive Secretary, Nigeria Content Development and…

FID on Train 7 project just days away— NLNG boss, Attah

The management of the Nigerian Liquefied Natural Gas (NLNG) has told Nigerians and industry stakeholders’ that all is getting set for the Final Investment Decision (FID) on its capacity expansion project, the Train 7 project. Speaking at the ongoing 9th…