Local content not to reserve oil contracts for Nigerians – Nwapa

Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB) Engr. Ernest Nwapa said that Nigerian Content is not about Nigerianisation or making...

ELSHCON targets Angola, Ghana for marine, fabrication services

Buoyed by the huge investments it made to grow its capacity and capability since the enactment of the Nigerian Content Act, ELSHCON Nigeria Limited,...

Oil producing firms in N Delta face possible losses over 2015 elections

Oil producing firms in the Niger Delta risk losing their investments to pre- and post-2015 election conflicts unless urgent steps are taken to avert...

ExxonMobil has operations disrupted by protests in Akwa Ibom

Some angry youths from Ibeno Local Government Area of Akwa Ibom on Wednesday disrupted operations in ExxonMobil over the sacking of some contract staff...

NERC seeks firm commitment from gas producers with $2.50/mcf revised price

The Nigerian Electricity Regulatory Commission (NERC) has said that it expects gas producers in Nigeria to improve their supply of gas to thermal power...

About 311 investors partner FG on power financing

Over 311 investors have expressed  interest to partner the federal government on the financing of power sector. The Permanent Secretary of the Ministry of Power,...

How we spent unremitted U.S.$10.8 billion – NNPC

The Nigerian National Petroleum Corporation (NNPC) has given more details of how it spent the alleged missing $10.8 billion, which is part of the...

Nigerian economy lost N1.0trn in six months to attacks on oil facilities

About N1.0 trillion may have been lost to production shortfalls due to the resurgence of attacks on oil and gas facilities in the Niger...

NERC renews regulatory enforcement drive

The Nigerian Electricity Regulatory Commission (NERC) has begun re-focusing its attention on regulatory enforcement with the inauguration of an enforcement task team, National Mirror...

Non-oil revenue drops by 14% In 6 months

Even as Nigeria’s revenue from oil continues to drop, non-oil income from tax and excise duties is also on the decline resulting in a...

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