Energy pipelines back in investor favor after Trump orders

29 January 2017, New York — Investors have rushed back into North American pipelines after U.S. President Donald Trump revived growth prospects in a sector that struggled to cope with a two-year oil price slump and strident opposition from environmental and Native American activists. Investor confidence in the industry was shaken last year when the […] More »

House committee summons NNPC, CBN, others over $1.7bn oil blocs proceeds

Gwani said in the course of investigation, his panel, among others, uncovered how oil blocs were awarded by persons other than the President or Petroleum Minister, as prescribed by the Petroleum Act. More »

Nigerian govt, marketers, labour agree to retain petrol price at N145/l

“The stakeholders strongly opposed the peddling of refined petroleum products across the Nigerian borders to neighbouring countries and would therefore apply strict sanctions against any member of the oil marketing associations found culpable in this regard.” More »

Report identifies challenges to growth of mining sector in Nigeria

It noted that there are no large-scale miners in operation in Nigeria today outside the limestone industry, as investors perceive the policy and investment climate to be hostile to business and lack of required infrastructure. More »

Nigeria: High import duties threaten LPG market growth – NLPGA

28 January 2017, Sweetcrude, Lagos —The Nigeria Liquefied Petroleum Gas Association has said that the high cost of importation of Liquefied Petroleum Gas (cooking gas) equipment is seriously affecting the industry and threatening its growth. The NLPGA also said that if the situation persisted, the growth of the LPG market in the country could be […] More »

CBN defends economic policies, brand crtitics as unpatriotic

Kunle Kalejaye 28 January 2017, Sweetcrude, Lagos — The Central of Nigeria, CBN has defended its economic policies aimed at stabilising the Naira and reducing inflation rate while branding critics of its policies as self-serving and unpatriotic individuals. CBN said attackers of its economic policies have resorted to derail propaganda to misinform and the mislead […] More »

Nigeria: EKEDC source alternative power supply

Kunle Kalejaye 28 January 2017, Sweetcrude, Lagos — Apart from getting electricity supply from the national grid, the Eko Electricity Distribution Company, EKEDC has kick-started arrangements to source alternative power supply and distribute to customers within its network. This was disclosed by the company’s Chief Executive Officer, Mr. Oladele Amoda at a town hall meeting […] More »