According to the Q2/2023 Manufacturers Association of Nigeria (MAN) CEOs Confidence Index (MCCI),rising energy costs are the topmost challenges facing active Nigerian manufacturers. In the survey,it was suggested that manufacturers in the country are facing a myriad of problems that…
Two months after dissolving Lauretta Onochie-led board and management of the Niger Delta Development Commission (NDDC), President Bola Ahmed Tinubu has approved the appointment of Mr. Chiedu Ebie (Delta State) as the new Board Chairman with a new team, thereby…
According to a Wall Street Journal report yesterday, there are indications that the recent coup in Gabon is supporting crude oil prices. According to the WSJ, since Gabon’s coup announcement, global crude oil prices have seen a modest increase due…
By Akinyemi Precious According to NERC General Manager, Finance and Management Services, Dr Abdulkadir Shettima, electricity customers with faulty meters have the right to have it fixed within two working days. He said this while making a presentation on Metering Issues…
…Grants stronger legislative power to prosecute corruption, infractions in oil and gas sectors By Akinyemi Precious The House of Representatives has made it known that it plans to provide legislative back up and stronger power to the Nigeria Extractive Industries…
…6 game-changing liquid projects set to transform Nigeria by 2030 According to data from the Q2 2023 State of African Energy Report by the African Energy Chamber, six upcoming major pre-2030 liquids final investment decisions (FIDs) have been listed. Estimated…
Data from the National Bureau of Statistics has shown that Nigeria’s crude oil and gas mining sector recorded a negative real GDP growth rate of 13.43 per cent in the second quarter of 2023. This marks the 13th consecutive quarter…
The Minister of Power, Adebayo Adelabu, has hinted that the problem in the Nigerian power sector is not equipment but inadequate availability of innovative capability, therefore appealing to Nigerians to stop cursing electricity companies and their workers. He made this…
KPMG Nigeria, a multinational consulting firm, has revised Nigeria’s economic growth forecast for 2023 further downward to 2.65 per cent from the earlier promised 2.85 per cent, based on several factors, including the likelihood of a contraction in the country’s…
The Nigerian Content Development and Monitoring Board (NCDMB) and the Bank of Industry (BoI) have signed an amendment to the Memorandum of Understanding (MoU) on the $50million NOGaPS Manufacturing Fund. The Fund was created by the NCDMB and domiciled with…
