September 29, 2022
Nigeria: LPG Penetration - Govt, Indian Oil Firm, Others to Collaborate On Deployment of 20m Gas Cylinders Nationwide
The Nigerian National Petroleum Company Limited (NNPCL) and the Indian Oil Company (IOC) are in talks that may see the deployment of about 20 million gas cylinders to enhance the… Read more »
Nigeria: Shell Steps Up Fossil Fuels Divestment, Acquires Nigerian Firm in First African Renewables Deal
Royal Dutch Shell is set to purchase African solar provider, Daystar Power, as it expands its global renewables footprint and seek to work towards its carbon emission reduction… Read more »
Nigeria: N3.7trn Out of N9trn Intervention Funds Recovered, N5trn Not Due - CBN
The Central Bank of Nigeria (CBN) yesterday clarified that out of the N9 trillion interventions it had disbursed in critical sectors of the economy, about N3.7 trillion had so far… Read more »
September 28, 2022
Nigeria: Dilapidated Roads - House Urges Govt to Introduce Weigh-Bridge
To correct the incidences of dilapidated roads across Nigeria, the Chairman of House of Representatives Committee on Federal Road Maintenance Agency (FERMA), Hon. Femi Bamisile,… Read more »
Nigeria: NUPRC Begins Probe Into Nigeria's Oil Production Underperformance, Says Issues Deeper Than Oil Theft
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) last night said it was commencing a probe into Nigeria's perpetual crude oil underperformance, stressing that the… Read more »
September 27, 2022
Nigeria: CBN Raises MPR to 15.5%
The Central Bank of Nigeria (CBN) Tuesday raised the Monetary Policy Rate (MPR) by 150 basis points to 15.5 per cent from 14 per cent. Read more »
Nigeria: Shell's Nigerian Operations May Decline As Incoming CEO Set to Rev Up Renewables Drive
Shell's incoming Chief Executive, Wael Sawan, is set to accelerate the group's drive to build its renewable energy business, including through a possible "transformative" clean… Read more »
September 26, 2022
Nigeria: Flood - HYPPADEC Distributes Relief Materials to 113 Affected Communities, Tasks Govt On Sensitisation
The Hydroelectric Power Producing Areas Development Commission (HYPPADEC) has distributed relief materials worth millions of naira to victims of flood disaster in the 10 affected… Read more »
Nigeria: Ogoni Oil Spill - Floundering Clean-Up Roadmap and Tales of Anguish of Oil Communities
The Hydrocarbon Pollution Remediation Project, HYPREP, under the Federal Ministry of Environment was charged with the responsibility "to ensure full environmental recovery and… Read more »
Nigeria: In Quest for Increased FDI, Govt Sets Up Oil, Gas Investment Promotion Centre
As part of its drive for increased Foreign Direct Investments (FDI) into the Nigerian oil and gas industry, the federal government has finally set up the Oil and Gas Investment… Read more »
Africa: Obasanjo, Okonjo-Iweala, Okadigbo Seek Increased Investment in Power Sector to Tackle Africa's Energy Poverty
Former President Olusegun Obasanjo, the Director General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala and the Board Chairman of the Nigerian National Petroleum… Read more »
Nigeria: Oil Vandals Deceiving Nigerians With Job Offers in Modular Refineries, Alleges NNPCL
The Nigerian National Petroleum Company Limited (NNPCL) at the weekend revealed that oil thieves were deceiving innocent artisanal Nigerians into taking jobs in illegal refineries… Read more »
Nigeria: Fuelled By Investors Appetite for Higher Returns, Firms Raise N553.9bn CPs in 8 Months
As investors' appetite for higher returns continues to swell following rising interest rates, listed/unlisted companies are taking advantage raising a whopping sum of N553.8… Read more »
Nigeria: NNPCL Spent 94.7% of August Oil, Gas Revenue On Petrol Subsidy
The Nigerian National Petroleum Company Limited (NNPCL) spent 94.77 per cent of its revenue on petrol subsidy payment in August, latest data from the national oil company has… Read more »
September 23, 2022
Nigeria: Mixed Reaction Trail Govt's Choice of Ethiopian Airlines
Since it became public that the federal government is in talks with Africa's most profitable carrier, Ethiopian Airlines as its choice of core investor/ technical partner for the… Read more »
September 22, 2022
Nigeria: Nigeria's Investment in Security Yielding Positive Results - Buhari
President Muhammadu Buhari has expressed happiness that the present administration's investments in improving security are yielding good dividends across the country. Read more »
Nigeria: Earmark 60 Percent of Agriculture Funds for Small-Scale Farmers, Govt Told
In view of the persistent poor access by many small- scale farmers to the various funds for agriculture development in the country, the Association of Small- Scale Agro Producers… Read more »
Nigeria: INEC List - House Deputy Minority Leader Distances Self From Labour Party Ticket
The Deputy Minority Leader of the House of Representatives, Hon. Toby Okechukwu has distanced himself from the list published on Tuesday by the Independent National Electoral… Read more »
Nigeria: Robust Security Infrastructure Will Tackle Oil Theft, Says Expert
In view of the massive vandalism and rising cases of oil theft in Nigeria's oil producing region, the Director of Operations, PPC Limited, Dr. Patrick Ede, has advised the federal… Read more »
Nigeria: Nigeria Domestic Debt Service Increases to N5.24trn in 30 Months
With mounting domestic debt now standing at a whooping N20.95trillion as of June 2022, Nigeria's domestic debt service rose to N5.24trillion in 30 months, the Debt Management… Read more »
Nigeria: Nigeria-Siemens Power Project - Govt to Begin Inauguration of New Equipment in Two Weeks
The federal government, yesterday, said all was set for the commencement of inauguration of the first set of power equipment procured under the Presidential Power Initiative (IPP),… Read more »
Nigeria: Despite 12.3% Decline in Power Supply, Discos Raked in N393bn Revenue in Six Months
In spite of decreased electricity supply to Nigerian homes in the first six months of 2022, power Distribution Companies (Discos) raked in a whopping N393.15 billion between… Read more »
Nigeria: PIA Won't Solve Oil Industry Challenges Without Addressing Crude Theft - Senate
The Senate has said the current massive oil theft in the country, if not immediately curbed could frustrate the implementation of the Petroleum Industry Act (PIA) passed in to law… Read more »
September 21, 2022
Nigeria: Decreasing Value of Naira Affecting Nigerian Economy, Says Analyst
The alarming exchange rate has been described as a major challenge affecting the Nigerian economy, and which has brought untold hardship on Nigerians. Read more »
Nigeria: Dangote, MTN, Globacom Lead At 2022 'Top 50 Brands Nigeria'
Dangote Industries has emerged the Most Valuable Brand in Nigeria for a record 5th year in a row at the outcome of the 2022 corporate brand evaluation, conducted by the leading… Read more »