PTDF expects oil bid rounds next year to improve finances

Petroleum Technology Development Fund (PTDF) on Monday said it expects its income to improve significantly early next year when oil block bid rounds hold. The...

OPEC seeks hydrocarbon production for electricity generation

Oil producing nations have been tasked to explore and produce more hydrocarbons for electricity generation. The Secretary General of the Organisation of Petroleum Exporting Countries,...

Maritime sector suffers cancer of ineptitude – Tambuwal

Speaker of the House of Representatives Aminu Waziri Tambuwal has said that the Nigerian maritime sector has over the years suffered from the cancer...

No group should collect money at ports, says ANLCA chief

The National Association of Nigerian Licensed Customs Agents (ANLCA) has advised officers of the Apapa Area Command of the Nigeria Customs Service (NCS) to...

Why cabotage fund failed, by ex-NIMASA boss

Former Director General of Nigerian Maritime Administration and Safety Agency, NIMASA, Mr. Temisan Omatseye has said the Cabotage Vessel Financing Fund, CVFF, project failed...

Inadequate gas supply: ALSCON suffers $60m loss

The Aluminium Smelter Company of Nigeria said it had lost about $60m due to inadequate gas supply to its facility at Ikot Abasi, Akwa...

Fuel depot explodes in Lagos

A petroleum depot has exploded at Edmor street, by Wilmer crescent, Olodi Apapa area of Lagos. According to the National Emergency Management Agency (NEMA), two buildings were...

Japaul contends with high operating, financing costs

Japaul Oil and Maritime Services Plc has bright prospects but high operating and financing costs are hampering its ability to realise those prospects, writes...

Cabotage fund hits N33.4bn in 10 years

A total of N33.4billion has accrued to the  Nigeria Cabotage Vessel Financing  Fund (CVFF) in the last 10 years. The funds, which came in local...

Substandard cylinders hinder gas development

The high incidence of substandard, unbranded and smuggled cylinders into the Nigerian market has deterred genuine importers of the product from investing in the...

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