Business

The Federal Government says it has introduced a N250 billion intervention facility to stimulate finance and motivate investors in the gas value chain for sustainable business development in the country. Minister of State for Petroleum Resources, Chief Timipre Sylva Mr Bitrus Nabasu, the Permanent Secretary, Ministry of Petroleum Resources, disclosed this while briefing newsmen, on Sunday, August 8, 2021 in ...

Chief Operating Officer, Oando Energy Resources, Dr Alex Irune, says the passage of the Petroleum Industry Bill (PIB) will unlock several partnership opportunities for indigenous oil and gas companies. Chief Operating Officer, Oando Energy Resources, Dr Alex Irune Irune made the assertion during a panel session at the ongoing Nigeria Oil and Gas (NOG) conference and exhibition on Wednesday, July ...

The Department of Petroleum Resources( DPR) has listed five ways to fortify the Nigerian oil and gas sector for economic stability and growth. Minister of State for Petroleum Resources, Chief Timipre Sylva Director and Chief Executive Officer of DPR, Mr Sarki Auwalu, made the suggestion while presenting a keynote address at the 20th Nigeria oil and gas conference, in Abuja ...

Deputy Managing Director, Deep Water District, TotalEnergies, Mr Victor Bamidele, says the company has invested over $60 billion in exploration and other projects in Nigeria. Patrick Pouyanné, Chairman and Chief Executive Officer of TotalEnergies Bamidele made the disclosure in Abuja on Monday, July 5, 2021 at the Nigeria Oil and Gas (NOG) Conference, which will come to a close on Thursday, ...

The Chief Web Advocate at the World Wide Web Foundation, Nnenna Nwakanma, and the Managing Director of the Nigerian Communications Satellite, (NigComSAT), Dr. Abimbola Alale, have been lined-up to speak at the 2021 Nigeria DigitalSENSE Africa Forum on Internet Governance for Development (IG4D), billed for Thursday, June 10, in Lagos. Nnenna Nwakanma DigitalSENSE Africa Forum series is a project of ...

The National Coordinator of the Media Centre Against Child Malnutrition (MeCAM Nigeria), Mr. Remmy Nweke, has urged civil society organisations (CSOs) to optimise the use of Information and Communication Technologies (ICT) tools in communicating nutrition in the country. Remmy Nweke Speaking at the first quarterly capacity building of the Lagos State chapter of the Civil Society on Scaling Up Nutrition ...

Organised mining began in Nigeria in 1902, when the Mineral Survey of the Northern Protectorate was created by the British colonial government.  President Muhammadu Buhari A year later, the Mineral Survey of the Southern Protectorates was founded and by 1940s, Nigeria was a major producer of tin, columbite and coal.  The discovery of oil in 1956 affected the mineral extraction ...

The Federal Government of Nigeria has assured that it is in tune with the reality to actualise economic diversification through massive investment in science and technology, transportation infrastructure, information and communications technology among others. View of some participants at the virtual 2020 WorldStage Economic Summit Top government officials including the Minister Of Transportation, Rotimi Ameachi; Minister of Science and Technology, ...

The Supreme Court on Tuesday, October 27, 2020 refused to hear a suit brought by the Bayelsa State Government seeking to stop the Federal Government from further paying monthly statutory allocation from Soku oil wells to the Rivers State Government. Supreme Court of Nigeria Justice Sylvester Ngwuta, who led the seven-man panel of justices of the apex court, declined hearing ...

Shell Nigeria Gas (SNG) is to facilitate domestic gas infrastructure development in Oyo State following the signing of a Memorandum of Understanding (MoU) with the state government last week. Standing from right: state Attorney General/Commissioner for Justice Professor Oyewo Oyelowo; state Head of Service Mrs. Amidat Ololade Agboola; Secretary to State Government, Mrs. Banwo Adeosun; SNG MD, Mr. Ed Ubong; ...