Marine Cable Market: Big Opportunity for Local Content Development
-By Yange Ikyaa
Today, the value of Coleman Cables, a Nigerian cable manufacturing company, is well in excess of N25 billion and still growing, according to data sourced by Valuechain from the company. In 2009, the company had 120 staff!-->!-->!-->…
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US, India, others shun Nigeria’s April Crude despite high offers
-By Gideon Osaka
There are concerns that Nigeria, whose mainstay of the economy is oil, may not achieve its expected revenue from the product in 2019, as the United States, India and other buyers appear to be shunning the country’s!-->!-->!-->…
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LPG: Nigeria’s Leading Clean Fuel Alternative
-By Yange Ikyaa
With African peers not resting on their oars to grow Liquefied Petroleum Gas (LPG) used as a clean domestic, transportation and industrial fuel, Nigeria is also doubling its efforts to save its natural environment and!-->!-->!-->…
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2019 budget oil price benchmark: Minister allays fears
The Minister of Budget and National Planning, Sen. Udoma Udo Udoma, on Wednesday in Abuja allayed fears over the oil price benchmark for the 2019 budget.
There have been concerns by stakeholders that the 60-dollars-per-barrel projection!-->!-->!-->…
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Axxela inaugurates greater Lagos IV gas pipeline network
Axxela Limited has officially commissioned its Greater Lagos IV (GLIV) gas pipeline network and the newly renovated Elegbata Sports Complex.
Greater Lagos IV (GLIV) is Axxela’s gas pipeline network, developed by its Gaslink Nigeria!-->!-->!-->…
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Africa’s gas reserves can unlock gold, diamond, other potentials – Baru
The Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru, has said the enormous natural gas reserves in Africa is capable of unlocking the huge natural resource potentials, such as gold, diamond, iron!-->…
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Baru directs NNPC staff to engage in sporting activities
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru has pledged to encourage the corporation’s workforce to engage in sports to boost their productivity and healthy living condition.
Dr.!-->!-->!-->…
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FEC approves N1.4bn for design of new DPR office
The Federal Executive Council (FEC), has approved a memorandum from the Minister of State (Petroleum), Ibe Kachikwu, for the design of a new head office for the Department of Petroleum Resources (DPR).
The design for the proposed!-->!-->!-->…
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OPEC daily basket oil price closes at $67.03 per barrel
The price of OPEC basket of fourteen crudes stood at $67.03 a barrel on Tuesday, compared with $66.19 the previous day, according to OPEC Secretariat calculations.
The OPEC Reference Basket of Crudes (ORB) is made up!-->!-->!-->!-->!-->!-->!-->…
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Nigeria showcases $48bn oil, gas projects to investors
• Seek paradigm shift as contribution to GDP shrinks
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, yesterday said $48billion oil and gas investment opportunities have been identified in!-->!-->!-->…
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