Federal Government targets N3.6 trillion investments in oil, gas infrastructure

The Minister of State for Pretroleum Resources Emmanuel Ibe Kachikwu PHOTO: TWITTER/NNPC Federal Government has renewed its commitment to attract over $10 billion (N3.6 trillion) to the Niger Delta between 2017 and 2019 through investments in infrastructure. The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, who made the disclosure at the graduation ceremony […]

Why Federal Government shifted focus to modular refineries, by Ibe Kachikwu

Represented by the Permanent Secretary, Ministry of Petroleum Resources, Dr. Folasade Yemi-Esan, hesaid:  “One of the major policy thrust of the present administration is the development and engagement of local content. • Senate panel seeks expansion of local content act beyond oil, gas • NGPTC attributes N15.81b profit to transformation  The Federal Government’s focus on modular […]

Nigeria earns N362.43bn from crude oil export in July

Nigeria’s crude oil earning increased from the N253.02billion in June, to N362.43billion in July, according to the National Bureau of Statistics (NBS).     • Stakeholders identify setbacks in new PIGB Nigeria’s crude oil earning increased from the N253.02billion in June, to N362.43billion in July, according to the National Bureau of Statistics (NBS). This comes […]

Federal Government approves N26 billion to pay debt owed DISCOs by MDAs

Transmission Company of Nigeria • To investigate export of rotten yam tubers to U.S. • Don’t drag Nigeria into your predicament, FG tells Diezani The Federal Executive Council (FEC) yesterday approved N26 billion to facilitate the payment of accumulated debt owed electricity Distribution Companies (DISCOs) for power consumed by Ministries, Departments and Agencies (MDAs). Minister […]