Anxiety rising over plans by India, current highest buyer of Nigerian oil to quit
…Fear hangs over 2017 budget regime if… Indications have emerged that leading buyer of Nigeria’s crude oil; India’s Hindustan Petroleum Corporation is about concluding plans to adopt United States’ low-sulphur oil over Nigeria’s sweet crude. The HPCL’s Finance Chief, J….
Confusion as Lagos, oil states lead in foreign debts
Anxiety is brewing as some naturally rich states including Lagos and key oil producing states are named in the rank of states with domestic and foreign debt stock. Details gathered from the Debt Management Office (DMO), indicates that Lagos and…
African nations seek investments in modular power systems
A new report released by Bloomberg New Energy Finance (BNEF) has shown that “The market for micro-grids and hybrid generation in emerging economies is getting bigger, with particularly strong demand from islands, remote regions, and the mining sector”. The report…
Why NNPC sealed new alternative financing agreements with Chevron, Shell
A top official of Chevron Nigeria Limited (CNL), weekend revealed the reason behind the fresh financing agreement with Nigerian National Petroleum Corporation (NNPC) is to drive incremental revenues of about $16bn within the assets’ life cycle and would boost gas…
Commissioner lists factors driving private investors in Akwa Ibom State
The Akwa Ibom State Commissioner for Information and Strategy, Mr. Charles Udoh has addressed issued bordering on why the state is trailing Lagos in attracting foreign direct investors in the last 20 months. He said the high level transparency leadership…
LAWMA may become redundant, if Visionscape succeeds, but…
The observed little or no involvement of the Lagos Waste Management Authority (LAWMA) in the emerging wave of waste management in Lagos speaks volume of what becomes of the agency if the scheme consolidates. Whereas analysts say the new scheme…
Two years after, NIMASA mulls Cabotage compliance strategy
More than two years of his appointment, the Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has introduced New NIMASA Cabotage Compliance Strategy (NCCS) towards the actualization of a successful coastal and inland trade regime….
MAN, NNPC partner to build capacity of seafarers
The management of the Maritime Academy of Nigeria (MAN), Oron, and executives of the Nigerian National Petroleum Corporation (NNPC) and other major oil exploration firms in the country have sealed an agreement for the training of seafarers from the Niger…
FG seals 30 year concession of narrow gauge rail with GE, seeks fresh Chinese $6bn loan
The Federal Government may have sealed a build and operate concession agreement with General Electric (GE) to rehabilitate and run two of Nigeria’s narrow gauge rail lines for a period of 30 years. Major attraction of the government to the…
Finally, Presidency approves 2 modular refineries in each 9 N’Delta states
Fresh relief is underway for the nine oil producing states as the Presidency on Thursday said each of the Niger Delta states would host two modular refineries under the Federal Government’s programme to discourage the rising trend of illegal refineries…
