Gas pricing differences hobble Dangote Cement in Tanzania
Authorities of Dangote Cement in Tanzania have started discussions on how to run production machinery on gas from the Tanzanian state-run Petroleum Development Corporation as part of moves to cut down on production costs. Though negotiations are held up over…
NSE partners with musicians to grow industry, create jobs
Chief Executive Officer of Nigerian Stock Exchange (NSE), Oscar Onyema has expressed the readiness of the Exchange to partner with credible musicians to grow the industry using the capital market as an instrument. In his welcome address during the flag…
NNPC accepts PIGB, unbundling to 3 bodies, dumps PIB
The Nigeria National Petroleum Corporation (NNPC) has thrown its weight behind the new Petroleum Industry Governance Bill (PIGB) that seeks to unbundle the corporation and create a window for further development in the sector. The corporation said the new bill…
India, others lineup for Nigeria’s crude oil for 2017, orders 11mmt
Just as Indian state-run oil refiners have indicated interest to increase total crude oil consumption volume next year with additional 2 million metric tonne (mt) of crude oil import from Nigeria in 2017, the Minister of State for Petroleum, Ibe…
9 power plants shut as Shiroro, Jebba lose 245MW
Indications of emerging nationwide blackout as nine of the nation’s 26 power plants abruptly stopped generation earlier in the week, thereby sending fears to millions of Nigerians and companies relying on national grid for power supply. Besides, there has been…
Bill seeking special status for Lagos, others may kill census in Nigeria– Expert warns
Though the House of Representatives on Wednesday passed the second reading of a Bill seeking to grant special economic status to states with over 10 million inhabitants, a leading political economist, Dr. Emma Gomwak has called for caution. In an…
CBN’s uncomplimentary trade policies killing FG’s non-oil export drive
More export stakeholders have continued to look at the frustrating policy somersaults of the Central Bank of Nigeria (CBN) in terms of terms and conditions for products exportation from Nigeria. Many observers who spoke to our correspondent say the latest…
NASS begins probe on $17bn undeclared crude sells
Thursday, the House of Representatives while looking at the new Petroleum Industry Governance Bill (PIGB) that seeks to unbundle the corporation, swooped on series of undeclared crude oil sells of about $17bn and in anger postponed the seating with the…
S/African banks, consultant appointed transaction parties for FG’s $1bn Eurobond
Three South African banks doing business in Nigeria, Citigroup, Stanbic IBTC, and Standard Chartered, have been appointed transaction parties for $1bn Eurobond. It would be recalled that yesterday, the Federal Executive Council (FEC) has approved a consortium of financial, legal…
Experts predict ‘cyber kidnapping’ from next year as attacks hit $500m in Nigeria
Experts in Nigeria’s cyber space gathered Thursday in Lagos to review current challenges and proffer solutions to avoid series of planned attacks next year. Stakeholders decried the rising cases of system hacking and feared the chances of the crime to…
