By Olatunde Dodondawa The ministers will be using Africa Oil Week Summit as a platform to discuss national strategies, sovereign competitiveness, issue licences and finalise tenders. With pressure growing on Sovereigns to develop attractive operating environments, the ministers will be detailing their hydrocarbon strategies to an audience of 1500+ senior […]
Business
Why Nigeria signs nuclear technology pact with Russia
By Olatunde Dodondawa Nigeria recently signed an agreement with Russia for the construction of nuclear power plants and a nuclear research centre in Nigeria. The nuclear technology agreement with Russia will help to generate more electricity, improve healthcare, science, industry and agriculture sectors. According to Chief Executive Officer (CEO) […]
NOGIC Act: NCDMB decries high rate of non-compliance by indigenous firms
By Olatunde Dodondawa The Nigerian Content Development and Monitoring Board (NCDMB) has decried high rate of non-compliance to the Nigerian Oil and Gas Industry Content (NOGIC) Act by indigenous oil firms in the oil and gas sector. Speaking during a media briefing on the forthcoming Nigerian Oil and Gas […]
How NDPHC intervenes in power sector crisis
It is a public knowledge that epileptic power supply hurts the economy of any nation. Nigeria was once unfortunately named to occupy the 70th spot on the global electricity production chart by the CIA World Fact book. In this report, OLATUNDE DODONDAWA examines the intervention of Niger Delta Power Holding […]
BRT operator to assemble buses in Lagos next year
The operator of Bus Rapid Transit system in Lagos, Primero Transport Services Limited, has said its bus assembly plant being built in the state will begin operation in the second quarter of next year. The Managing Director of the firm, Mr Fola Tinubu, disclosed this in Lagos on Tuesday. He […]
Investors gain N38bn as 14 stocks appreciate
Investors in the nation’s equities market on Tuesday recorded N38.14bn increase in their holdings at the close of trading on the floor of the Nigerian Stock Exchange. At the close of trading, 14 gainers pushed the market capitalisation up from N11.700tn on Monday to N11.738tn on Tuesday, while 23 stocks […]
Kachikwu Sets up Nigerian Content R&D Council
The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu has inaugurated the Nigerian Content Research and Development Council (NCRDC). The Council is expected to advise the Nigerian Content Development and Monitoring Board (NCDMB) on matters relating to Research, Development and Innovation strategy for the oil and gas industry. The council’s terms of […]