Business

How to maximise Nigeria’s huge gas resources

The Department of Petroleum Resources (DPR) says the country’s natural gas proven and unproven reserves stand at 200.79 trillion cubic feet (Tcf) and 600 Tcf, making it more of a gas province than oil. However, industry operators say until the right regulatory and fiscal policies are put in place, optimising the potentials of natural gas […]

Business

Content Board trains 1000 science teachers

By Emeka Ugwuanyi   As part of its Teachers Development Training Programme (TDTP), the Nigerian Content Development and Monitoring Board (NCDMB) has trained over 1000 science teachers in secondary schools across the country. NCDMB Executive Secretary, Simbi Kesiye Wabote, stated this at the closing ceremony of the second phase of the training in Kastina State, […]

Business

‘Energy sector important to Lagos’

By Emeka Ugwuanyi   The Lagos State Commissioner for Energy and Mineral Resources,Olalere Odusote, has said the state administration is desirous of creating enabling environment for oil companies in the state in line with its campaign for ease of doing business. Odusote disclosed this at the inaugural Enyo Correspondents Breakfast Session organised by Enyo Retail […]

Business

NLNG Train 7 FID: Significant milestone to economic development

It was a good way to end 2019 for the country’s oil and gas industry when on December 27, the shareholders of the Nigeria Liquefied Natural Gas Limited (NLNG), including the Nigerian National Petroleum Corporation (NNPC), Shell, Total and Eni took the Final Investment Decision (FID) on NLNG Train 7 project. The decision, which signals […]

Business

Deregulation of gas market will improve power sector

In every economy, deregulation comes with various modes of payments for goods and services. Little wonder stakeholders in the electricity value chain, especially thermal plants operators, are seeking a review of the price of the product. This, no doubt, would impact positively on their operation and the sector, writes AKINOLA AJIBADE.   Like a recurrent […]

Business

‘Boosting domestic gas consumption ‘ll aid economic devt’

Nigeria has huge proven and unproven reserves of 200.79 trillion standard cubic feet (Tscf) and 600Tscf. Despite this huge gas deposit, the resource is not adequately utilised in-country, calling for the need to boost exploration and utilisation of gas, reports CLINTON OBETO.   Nigeria is blessed with huge deposits of hydrocarbon resources with a greater […]

Business

Enugu DisCo denies disconnecting prepaid meter customers

Our Reporter   The Enugu Electricity Distribution Company (EEDC) has debunked reports that it was disconnecting prepaid customers in the Southeast, describing the reports as false. Its Head of Communications,  Mr. Emeka Ezeh, in a statement, urged customers to disregard the report. According to him, the rumour was triggered by false online publications, which he […]

Business

Seplat gets stakeholders’ award

Our Reporter   Seplat Petroleum Development Company Plc has emerged as the Best Company in Stakeholders’ Engagement for 2019. The Lagos PR Industry Gala and Awards (LaPRIGA) hosted by the Nigerian Institute of Public Relations (NIPR), Lagos Chapter, gave the award to the indigenous oil and gas company at a ceremony in Lagos. LaPRIGA recognises […]

Business

Anxiety as govt concludes review of DisCos performance

The Federal Government has finally concluded the review of activities of the privatised electricity distribution companies (DisCos) in the country. The exercise gave the government opportunity to ascertain the level of compliance of the firms with the Performance Agreements (PAs) they signed after the privatisation of the sector in 2013. Stakeholders are divided on the […]

Business

NCDMB donates science lab, ICT centre to schools

Our Reporter   The Nigerian Content Development and Monitoring Board (NCDMB) has donated a modular science laboratory to Model Government Secondary School, Twon Brass and an Information Communication Technology (ICT) Centre to Government Secondary School Okpoama, both in Brass Local Government Area of Bayelsa State. The ICT centre was inaugurated by the Minister of State […]