The pragmatic implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act has saved Nigeria the sum of US$2bn in the Engineering Procurement and Construction (EPC) contract for Nigeria LNG Train 7 Project.

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye…

Transmission Company of Nigeria (TCN) and the electricity distribution companies (Discos) will henceforth be sanctioned by the Nigerian Electricity Regulatory Commission (NERC) if they fail to deliver the quantum of power required or reject power allocated to them in the case of the Discos.

The TCN and the Discos will…

As part of the efforts to stimulate finance to critical sectors of the economy, the Central Bank of Nigeria (CBN) has released the guideline for the recently introduced N250 billion intervention facilities to help stimulate investment in the gas value chain.

Within the framework, large-scale projects under the intervention would…

Egyptian House of Representatives have validated a 336m million Euros loan agreements from the European Bank for Reconstruction and Development (EBRD) and the French Development Agency (AFD).

The money from the banks is intended to finance renewable energies in the country.

The two agreements will enable Egypt…

Nigeria, Africa’s largest oil producer, has said that it is banking on revenue from the mining sector in a new diversification plan which will see the country move away from dependence on oil revenue.

The woes of falling crude prices - which earlier this year hit two-decade lows - has…

Nigerian government has called for bids from local and international oil companies to lift Nigerian crude and condensate over 2021.

Nigerian crude is so popular with global refiners because it normally commands a premium to Dated Brent, since they are largely light and sweet.

The peculiar nature…

…Said too many charges squeezing gas dealership
Cooking gas dealers in Nigeria under the auspices of Nigeria LP Gas Association (NLPGA), has protested against the proposed plan by the Petroleum Products Pricing Regulatory Agency (PPPRA), to impose an administrative fee on liquefied petroleum gas (LPG), also known as cooking gas.

Eko Electricity Distribution Company (EKEDC) and Ikeja Electricity Distribution Company (IKEDC) have commenced implementation of the new Service Reflective Tariff Plan.

The firms disclosed this on Tuesday in Lagos.

The DisCos cited Nigerian Electricity Regulatory Commission (NERC) approval of the Multi Year Tariff Order 2020, the DisCos…