Oil Sector’ll Face Prolonged Reduced Demand - Fed Govt
The oil and gas sector is going to face a substantially reduced demand for a prolonged period as its recovery is not likely any time soon, the Federal Government said on Thursday.
It also announced the resolve...
Trump Rejects Nigeria's Ngozi Okonjo-Iweala For WTO
...Wants Reopening Of The Leadership Contest
The US has suggested that the process to find a new Director-General of the World Trade Organization (WTO) needs to be reopened, in what would be an unprecedented move.
Donald Trump's trade chief Robert...
CBN Tackles Recalcitrant IMTOs Over Diaspora Remittances
The Central Bank of Nigeria (CBN) has expressed displeasure that some International Money Transfer Operators (IMTOs) continue to pay remittances in local currency contrary to its recent policy that granted unfettered access to forex from Diaspora and other...
Nigeria’s Oil Output Drops By 14% To An Average Of 1.5mb/d
Nigeria might be under pressure to fund its N13.8 trillion 2021 budget following a significant drop of its oil output by 14.08 percent in the first 10 months of 2020, according to data obtained...
NCDMB, PETAN Seal $30m Working Capital Scheme Pact
The Nigerian Content Development and Monitoring Board (NCDMB) and the Petroleum Technology Association of Nigeria (PETAN) on Monday signed an agreement on US$30m Working Capital Scheme that will support the operations of oil companies against the adverse...
Renewable Energy Breakthrough Threatens Nigeria’s Gas Investments
Efforts by the government to harness its 203.16 trillion cubic feet (TCF) gas reserves to spur economic activities and boost revenue may remain elusive as an emerging energy solution, especially renewable energy and energy storage, are projected to...
