‘Oil Industry Still Suffering Significant Damage from Covid-19’
Nigeria’s wholly indigenous oil company, Oando Energy Resources, has said the oil industry will continue to suffer the fallout of the coronavirus pandemic despite the
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Nigeria needs 41 years to achieve stable power’
The Senate Committee on Power, yesterday, declared that it might take the next 41 years for the country to experience stable power supply due to
Low passenger volume as domestic flights resume fully
***Air Peace to begin flights to Johannesburg Domestic flights have resumed at Nigeria’s busiest airport, the Murtala Mohammed Airport, Lagos, but on a slow start.
Nigeria records $362.84m FDI in six months
Nigeria recorded $362.84m Foreign Direct Investment in six months, figures from the National Bureau of Statistics revealed on Monday. The NBS’ latest capital importation report
Electricity generation capacity dipped to 5,564MW in Q1
The Nigerian Electricity Regulatory Commission (NERC) has said the average generation capacity of the Nigerian Electricity Supply Industry (NESI) dipped by 11 per cent to
EndSARS vandalism: Insurers’ll settle all genuine claims –NIA
The Chairman of Nigeria insurers Association (NIA), Ganiyu Musa, has said that all valid claims arising from the EndSARS vandalism and looting from policyholders would
Oil companies to incorporate host community development trust- PIB
Oil companies operating in Nigeria are expected to incorporate a host community trust for social and economic benefit from petroleum operations in the host communities.
New PIB proposes gas infrastructure fund
The New Petroleum Industry Bill (PIB) currently before the National Assembly has proposed the establishment of a Midstream Gas Infrastructure Fund for effective gas development
Nigeria considers supplying electricity to Chad
The Federal Government is considering supplying electricity to the Republic of Chad following a recent request by the neighbouring country. The government-owned Transmission Company of
114,837 retirees collected N28.46bn, quit pension scheme – Report
Many workers whose employers did not adequately fund their Retirement Savings Accounts and retired with balances less than N550,000 have collected their contributions and left
