Leading professional services firm, PwC Nigeria, has restated its commitment to supporting the growth of the Nigerian mining sector in line with the country’s overall economic diversification efforts. The firm’s country Senior Partner Uyi Akpata gave the assurance in his opening remarks at the third edition of the Nigeria Mining Week in Abuja. Akpata, who…
Chikezie Nwosu, the director technical at Addax Petroleum, talks to TOGY about project costs in the lower oil price environment, the outlook for Nigeria’s oil and gas industry and encouraging gas production in the country. Addax operates OMLs 123, 124, 126 and 137 with 100% stakes as well as holding a 12% share in the…
Nigeria needs over one million poles for proper connection of electricity in the country, Dele Arigbede, the chairman of Reinforced Pole Producers Association of Nigeria (RPPAN) has said. Arigbede, who disclosed this in Lagos, said his association is in partnership talks with the federal government in order to ensure the connectivity. He decried the lack…
The Ebonyi State Government has formally signed an agreement with a Chinese company, Fonshan Sunchees Technology Company Limited, on the establishment of a solar power factory in the State. Also signed was a sales agreement on supply of $4 million worth of Solar Systems produced in Ebonyi State. Performing the functions on Monday at the…
Investors are shying away from the proposed $3billion refineries project of the Independent Petroleum Marketers Association of Nigeria (IPMAN) over leadership crises in the union, IPMAN’s Chairman, South-West, Alhaji Debo Ahmed, has said. He also said IPMAN is awaiting the judgment of the Supreme Court on the issue in December, this year, adding that the…
The engineering, procurement and construction of the planned $4.3bn Nigeria LNG Limited Train 7 plant will be done in-country by mostly indigenous companies, the Nigerian Content Development and Monitoring Board has said. According to the Executive Secretary, NCDMB, Simbi Wabote, the fabrication of pressure vessels, pipes, flare stack and other opportunities related to the Train…
The Nigerian National Petroleum Corporation (NNPC) has denied the insinuations that it has in its custody a $3.5billion subsidy fund. NNPC’s spokesman Mr. Ndu Ughamadu, in a statement on Wednesday in Abuja, explained that, at the hilt of the shortage of products supply at the close of last year, the National Assembly asked the NNPC…
Nigerian oil & gas company SEPLAT Petroleum Development Co PLC said it is not party to a USD114 million court judgement involving the chair of the SEPLAT board. SEPLAT said it has been “made aware” of media publications on the enforcement of the judgement made against SEPLAT Chairman Ambrosie Orjiako, as well as against Shebah…
China is likely to boost imports from African countries as it seeks new sources of commodities in the wake of a trade war with the United States, a senior executive of Standard Chartered Bank in China has said. Trade links between the Asian economic powerhouse and African nations like Kenya and Nigeria have been growing…
The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, has said that the investment drive that the government has embarked upon will attract over $3billion investments into refineries in the country. This was contained in the 8th podcast that he released to the social media on Wednesday with special focus on the “country’s…
