Nigeria produces vast amounts of oil. But the country has few functioning refineries, leaving Nigeria dependent on imports to fill up gas tanks across the country. It is a paradox of Nigeria: the
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Can Buhari clean up corruption in Nigeria’s oil industry?
July 2, 2015 1 Comment 95 ViewsPresident Muhammadu Buhari vowed on Tuesday to reform and streamline the country’s oil and gas sector. Since taking office on May 29, his administration has been investigating the “sickening”
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Nigeria’s Oando sells 60 pct of downstream business to Vitol
June 30, 2015 Comment Off 112 ViewsNigeria's Oando has agreed to sell a 60 percent stake in its downstream business to Vitol and Helios Investment Partners for $276 million, the energy company said on Tuesday. Oando, which is
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NAEE: How Buhari Can Solve Nigeria’s Energy Challenges
June 22, 2015 Comment Off 31 ViewsThe National Association of Energy Economists (NAEE) at the weekend said that without careful sequencing of key energy policies to minimise economic loss, the new government of President
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Buhari advised by transition committee to end fuel subsidy
June 21, 2015 Comment Off 66 ViewsPresident, Muhammadu Buhari, has been advised to end a fuel subsidy program and privatize Nigeria's four refineries in a report by his transition committee, senior sources in his party told Reuters
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Victim of shale, Nigeria stops exporting oil to US
October 6, 2014 Comment Off 47 ViewsNigeria has become the first country to completely stop selling oil to the US due to the impact of the shale revolution – an astounding reversal as the African nation was only four years
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Nigerian Businesswomen Work to Change Face of Oil and Gas Industry
September 16, 2014 Comment Off 56 ViewsThe oil and gas industry is still overwhelmingly male, with surveys showing that the executive boardrooms of petroleum companies are mostly a boys' club. In Nigeria, a number of well-financed
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Nigerian FG sign MoU with Benco Energy for 700MW power plant
September 2, 2014 Comment Off 32 ViewsBrazilian Benco Energy Limited, the energy arm of the Benco Group will assist the Federal Government of Nigeria build a 700MW power plant in Nigeria’s Bayelsa State, in the core Niger Delta
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Providing Renewable Energy In Rural Communities
August 31, 2014 Comment Off 50 ViewsWITH the worsening environmental degradation brought about by factors such as climate change, the world is shifting its focus from traditional energy to renewable energy, particularly in efforts
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Nigeria Now Trades Electricity Under Global Conditions
August 19, 2014 Comment Off 28 ViewsThe federal government has said Nigeria’s Electricity Supply Industry (NESI) is now showing signs of an electricity market with globally recognised standards in trading arrangements especially with
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