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Nigeria, the largest oil producer and exporter in Africa, hopes that its newly adopted petroleum industry law will help it hike its oil production by 310 percent to 4 million barrels per day (bpd), Nigerian Petroleum Minister Timipre Sylva said this week. Nigeria currently produces just below 1.3 million bpd, as per OPEC's latest official…
October 11, 2021
Former Governor of Central Bank of Nigeria (CBN) and immediate past Emir of Kano, HRH Muhammadu Sanusi II, has said Nigeria is investing its scarce resources to subsidize Premium Motor Spirit (PMS) otherwise known as petrol that never arrived at the country’s shores. The former CBN governor described the controversial fuel subsidy regime as a…
October 1, 2021
The Corporate Affairs Commission (CAC) has completed the Incorporation of Nigerian National Petroleum Company Limited. This is in accordance with provisions of the Petroleum Industry Act (PIA) signed into law by President Muhammadu Buhari on Aug. 16. The Registrar General of CAC,, Alhaji Garba Abubakar, revealed this on Tuesday in Abuja at the Quarterly meeting…
September 29, 2021
The Federation Accounts Allocation Committee (FAAC) has shared N696.965 billion as federation allocation for August. This is contained in a statement issued on Thursday by Mr Oshundun Olajide, Deputy Director (Information), Ministry of Finance, Budget and National Planning. The statement noted that the meeting of the committee was held virtually on Wednesday. The committee in…
September 24, 2021
The Central Bank of Nigeria (CBN), on Wednesday said the apex bank has concluded plans to launch the Central Bank Digital Currency (CBDC) on Oct. 1. Rukiya Mohammed, Director, Information Technology of the apex bank, disclosed this in a webinar, themed “Digital currency and the prospects of CBDC in Nigeria,” organised by the committee of…
September 23, 2021
The immediate past Governor of Delta State, Dr. Emmanuel Uduaghan, has been announced as the Keynote Speaker for this year’s Delta Online Publishers Forum’s annual Conference/lecture. The lecture will hold on Thursday, October 21st, 2021, at the Banquet hall Orchid Hotels and Conference Centre, Asaba, Delta state, beginning at 11am. This was conveyed in a…
September 23, 2021
The Federal Government has written to the Organisation of Petroleum Exporting Countries (OPEC), seeking an increment in the oil production quota. The country is seeking production quota rising to 1.829 million barrels per day; 400,000 barrels above what it does presently. The Minister of State, Petroleum Resources, Chief Timipre Sylva, made this known while addressing…
September 22, 2021
Even after 2050, global oil demand is set to continue to rise because renewables cannot entirely replace fossil fuels, energy markets expert Anas Alhajji said during a recent energy conference hosted by Nigeria. “The impact of climate change policies on oil demand are highly exaggerated – The impact is mostly on demand growth, not on…
September 21, 2021
Chairman, Dangote Sugar Refinery Plc, Aliko Dangote has said that the National Sugar Master Plan (NSMP), when executed as designed, can save the nation foreign exchange in excess of $700million yearly from the backward integration component. Dangote, according to a statement by the company, made the disclosure during a facility tour by some businessmen on…
September 21, 2021
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Nigeria, the largest oil producer and exporter in Africa, hopes that its newly adopted petroleum industry law will help it hike its oil production by 310 percent to 4 million barrels per day (bpd), Nigerian Petroleum Minister Timipre Sylva said this week. Nigeria currently produces just below 1.3 million bpd, as per OPEC's latest official…
October 11, 2021
Former Governor of Central Bank of Nigeria (CBN) and immediate past Emir of Kano, HRH Muhammadu Sanusi II, has said Nigeria is investing its scarce resources to subsidize Premium Motor Spirit (PMS) otherwise known as petrol that never arrived at the country’s shores. The former CBN governor described the controversial fuel subsidy regime as a…
October 1, 2021
The Corporate Affairs Commission (CAC) has completed the Incorporation of Nigerian National Petroleum Company Limited. This is in accordance with provisions of the Petroleum Industry Act (PIA) signed into law by President Muhammadu Buhari on Aug. 16. The Registrar General of CAC,, Alhaji Garba Abubakar, revealed this on Tuesday in Abuja at the Quarterly meeting…
September 29, 2021
The Federation Accounts Allocation Committee (FAAC) has shared N696.965 billion as federation allocation for August. This is contained in a statement issued on Thursday by Mr Oshundun Olajide, Deputy Director (Information), Ministry of Finance, Budget and National Planning. The statement noted that the meeting of the committee was held virtually on Wednesday. The committee in…
September 24, 2021
The Central Bank of Nigeria (CBN), on Wednesday said the apex bank has concluded plans to launch the Central Bank Digital Currency (CBDC) on Oct. 1. Rukiya Mohammed, Director, Information Technology of the apex bank, disclosed this in a webinar, themed “Digital currency and the prospects of CBDC in Nigeria,” organised by the committee of…
September 23, 2021
The immediate past Governor of Delta State, Dr. Emmanuel Uduaghan, has been announced as the Keynote Speaker for this year’s Delta Online Publishers Forum’s annual Conference/lecture. The lecture will hold on Thursday, October 21st, 2021, at the Banquet hall Orchid Hotels and Conference Centre, Asaba, Delta state, beginning at 11am. This was conveyed in a…
September 23, 2021
The Federal Government has written to the Organisation of Petroleum Exporting Countries (OPEC), seeking an increment in the oil production quota. The country is seeking production quota rising to 1.829 million barrels per day; 400,000 barrels above what it does presently. The Minister of State, Petroleum Resources, Chief Timipre Sylva, made this known while addressing…
September 22, 2021
Even after 2050, global oil demand is set to continue to rise because renewables cannot entirely replace fossil fuels, energy markets expert Anas Alhajji said during a recent energy conference hosted by Nigeria. “The impact of climate change policies on oil demand are highly exaggerated – The impact is mostly on demand growth, not on…
September 21, 2021
Chairman, Dangote Sugar Refinery Plc, Aliko Dangote has said that the National Sugar Master Plan (NSMP), when executed as designed, can save the nation foreign exchange in excess of $700million yearly from the backward integration component. Dangote, according to a statement by the company, made the disclosure during a facility tour by some businessmen on…
September 21, 2021
