Nigeria spends N23bn on importation of gas turbines

27 june 2017, Sweetcrude, Lagos – Nigeria imported gas turbines for electricity generation valued at N22.607 billion in the first quarter of 2017, according to data obtained from the National Bureau of Statistics, NBS. The NBS, in its First Quarter 2017 Foreign Trade Statistics, disclosed that the amount was expended on the acquisition of 5,000 […] More »

Power & infrastructure projects: Fashola tackles lawmakers over budget cuts

Michael James 27 June 2017, Sweetcrude, Lagos — The Minister of Power, Works and Housing, Mr Babatunde Fashola SAN has expressed deep concern over the recourse of the National Assembly’s Spokespersons to name calling over his observations on the 2017 Budget. In a Press Release signed by his Special Adviser on Media, Mr Hakeem Bello, […] More »

Lekoil ships 250,000 barrels oil to Shell from Nigerian field

Ike Amos 27 June 2017, Sweetcrude, Abuja — Lekoil Limited, Monday, confirmed the lifting of a shipment of 250,000 barrels of crude oil to Shell Western Supply and Trading Limited. The company in a note to its shareholders said the crude oil was produced from the Otakikpo field in Nigeria. The company also stated that […] More »

NPA reiterates directive on number of agencies at the ports

27 June 2017, Sweetcrude, Lagos – The Nigerian Ports Authority, NPA, has reiterated the subsistence of a 2011 presidential directive for the reduction of the number of agencies that are to operate and have physical representation at the ports to eight. The directive communicated to the Managing Director of the NPA in an October 26, […] More »

Nigeria, Ghana plan MoU on maritime collaboration

Michael James 27 June 2017, Sweetcrude, Lagos –  The Nigerian Maritime Administration and Safety Agency, NIMASA, is set to provide support to the Ghana Maritime Authority, GMA, under a proposed Memorandum of Understanding , MoU, between the two agencies. GMA officials, led by its Director General, Mr. Kwame Owusu, were in Nigera recently, seeking assistance […] More »

Congo to launch new incensing round in October

26 June 2017, Sweetcrude, Lagos –  The Republic of Congo plans to offer new acreage under a licensing round that would be unveiled in October It is a follow up to a previous deep-water licensing exercise that is yet to be concluded. The country’s Hydrocarbons Minister Jean-Marc Thystere Tchicaya is expected to announce modalities for the new […] More »

Nigeria, Mexico trade volume hits $600m

26 June 2017, Abuja – The trade volume between Nigeria and Mexico has grown by 360 per cent from 166.5 million dollars in 2012 to 600 million dollars in 2016. The Mexican Embassy, Deputy Head of Mission, Rodrigo Tenorio, made this known in an interview with the News Agency of Nigeria in Abuja on Monday […] More »