News

How Potential Investors Can Qualify for Nigeria’s 2021 Crude Lifting Contract

Prospective local and international oil companies who desire to lift Nigerian crude next year must provide certificate of Registration/incorporation by Corporate Affairs Commission (CAC), if they are local companies and provide the equivalent of such documents issued by ho

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Gas Pricing, Inadequate Infrastructure Deter Industrialization in Nigeria

Ideally, homes in Nigeria, industries and vehicles could be running on natural gas, and industrialisation could have been well underway. Agriculture would be booming and job creation would happen in millions.

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Nigeria spent N8.9trn on subsidy in 10 years – PPPRA cpeel-admin Tue, 09/22/2020 - 14:39

The Petroleum Products Pricing Regulatory Agency (PPPRA) said that the Federal Government has spent a total of N8.94 trillion on oil subsidy between 2006 and 2015.

 

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Electricity Value Chain Infrastructure Demands

The Nigerian electricity value chain infrastructure is in a quandary like that of a butcher trying to cut a piece of meat with a meat tenderiser.

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Big Oil Goes Looking for a Career Change cpeel-admin Fri, 09/18/2020 - 13:09

For most of the past century, Big Oil executives found it pretty easy to explain to investors how their businesses worked.

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SUNREF £70m Green Energy Financing Will Make Manufactured Goods Competitive-MAN cpeel-admin Fri, 09/18/2020 - 13:04

A €70 million financing for businesses for green energy projects provided by the French Development Agency (AFD) and the European Union Infrastructure Trust Fund (EU-ITF) will help to make manufactured products in Nigeria competitive, some manufacturers have sa

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Oil Prices Below $40: What it Means for Nigeria, Local Oil Companies, Banks

The price of Brent, the benchmark of Nigeria’s crude oil has fallen to $39 as bearish factors mount and sentiment shifts add another wrench in the recovery for oil prices still reeling from the pandemic-driven blow to consumption.

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Nigeria's $10 Per Barrel Production Cost Target Requires New Process

Operators in Nigeria’s oil and gas space have often pointed to the high unit cost of production as one of the major factors eroding value, particularly in a low oil price environment.

 

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CBN Releases Guidelines for Solar Connection Intervention Facility

The Central Bank of Nigeria (CBN) on Monday introduced the Solar Connection Intervention Facility to complement the Federal government’s effort of providing affordable electricity to rural dwellers through the provision of long term low interest credit faciliti

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National Grid to Get Additional 126MW to Enhance Power Supply Network cpeel-admin Fri, 09/18/2020 - 12:34

There is a huge prospect for improvement in power supply networks as additional 126 megawatts (MW) of electricity are set to be added to the national grid in two months following the completion of work on the second gas turbine of the Gbarain Power Station in Y

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