Konga and Nigeria’s e-commerce industry – Challenges of doing Business
In my column of last month, I wrote about Nigeria’s retail industry and its potential to become the country’s next big industry. I also touched briefly on the gains made by the domestic e-commerce sector. Unfortunately, soon after the column...
Gas Flaring Law Error Cost Nigeria Billions of Dollars
Africa’s top oil producer plans to make gas flaring more costly for companies that have escaped the payment of billions of dollars despite being fined, Nigerian Finance Minister Kemi Adeosun said. In the “legal framework for the gas-flaring penalty, it...
Why every home in Nigeria deserves a Cooking gas cylinder
DESPITE its commercial natural gas endowment, Nigeria has not yet recorded significant utilisation of Liquefied Natural Gas, LPG. In this interview with Udeme Akpan and Ediri Ejoh, The Vice President of NLPGA and managing director/CEO of Banner Energy, Mr. Nuhu...
Nigeria: As Oil Prices Rise Again
On Tuesday last week, crude oil prices rose to about $61 per barrel in the international market, its highest since July 2015. There are indications that it rise to $70 and above in the next few weeks. This development is...
NNPC takes crude oil search to Benue
After it commenced the search for crude oil at the Nasarawa State end of the Benue Trough last week, the Nigerian National Petroleum Corporation on Thursday announced that it had started mobilising for oil exploration in the Benue State area...
Nigeria Earns N362.43bn From Crude Oil Export in June
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 as stakeholders in the oil and gas industry have underscored the drawbacks of the Petroleum Industry...
UK, China, Togo increase petroleum import from Nigeria
United Kingdom (U.K.), China, and Togo, increased their import of crude oil from Nigeria in the month of May 2017, according to import destination report of the Nigerian National Petroleum Corporation (NNPC). Giving a breakdown of oil export to the...
FG to meet with NUPENG over strike
The Federal Government says it will meet with the Nigeria Union of Petroleum and Natural Gas Work, (NUPENG) on Tuesday toward apprehending the ongoing industrial action embarked by the union. The Minister of Labour and Employment, Sen. Chris Ngige, said...
FG’s N720bn debt threatens oil workers’ jobs
The Petroleum and Natural Gas Senior Staff Association of Nigeria has alleged that oil marketers may have concluded plans to sack their workers if the Federal Government fails to settle the N720bn debt owed the marketers. PENGASSAN said this in...