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    2017 Will Be Good For Businesses, Experts Project

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    Having faced one of its most trying times, there is a rising optimism in the Nigerian business environment that the fortunes of the country would turn for the better in 2017. Analysts and business operators say with the various reforms in the country, the economy is expected to pick up from its current state of…

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  • muhammadu-buhari

    Better Prospects For Economy As OPEC Cuts Output By 1.2mbpd, Nigeria Exempted

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    Hopes of Nigeria’s economic recovery have been rekindled following a major output cut deal sealed by the Organisation of Petroleum Exporting Countries (OPEC). OPEC at its 171st meeting in Vienna, Austria, yesterday, agreed to cut oil production by 1.2 million barrels per day, with effect from January 1, 2017, after negotiations which lasted several months….

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  • ndd

    The Task Before NNPC, NCDMB Boards

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    The present administration’s commitment towards rejuvenating the oil and gas industry so as to use it as a panacea for the much desired diversification of the nation’s economy came to the climax last week Friday with the inauguration of the boards of the Nigerian National Petroleum Corporation (NNPC) and Nigerian Content Development Monitoring Board (NCDMB)….

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  • shell-logo_12

    Local Contractors To Access $2.2bn

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    In line with its aspirations of actualising the Nigerian Content Act, Shell Petroleum Development Company (SPDC) under the umbrella of Shell Companies in Nigeria, has signed a Memoranda of Understanding (MoUs) signed with the Nigerian banks. The scheme, which is supported by the Nigerian National Petroleum Corporation (NNPC) will allow Nigerian vendors and suppliers in…

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  • Vice-President,-Yemi-Osinbajo

    Nigeria Needs Oil Sector’s Contribution To Diversify Economy – Osinbajo

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    Nigerians have been warned to take cognisance of the trends in the global oil market which are gradually narrowing up and to take advantage of emerging opportunities and utilise the resources from it in tackling the country’s current economic challenges. Vice President Yemi Osinbajo, who disclosed this yesterday, noted that the nation’s chances of deriving…

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  • GAS EXPORT

    Emerging Prospect In Nigerian Gas Industry: The $51bn Target

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    Participants at the just concluded 13th Annual Conference and Exhibition of the Nigerian Gas Association (NGA) had a firsthand perspective of government’s intent to turn the gas sub-sector to Nigeria’s bread winner in the new future. Festus Okoromadu writes on the fallout of that meeting.  The annual conference and exhibition of the Nigerian Gas Association…

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    NNPC Tasks NAPE On Cost Effective, Novel Technology In Oil & Gas Exploration

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    The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti  Kacalla Baru, has urged members of the National Association Of Petroleum Explorationanist (NAPE) to champion a cost effective and novel technologies to enable the industry drill into deeper horizons. He made the call while speaking at a dinner organised to honour…

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