April 27, 2015
NERC calls for review of gas supply to generation plants

The Chairman of Nigeria Electricity Regulation Commission, NERC, Dr. Sam Amadi, has called for the separation of gas supply to power generation plants from the Nigerian National Petroleum Corporation, NNPC, to guarantee regular power supply. Amadi, told journalists through an email last week that the poor power supply being experienced at the moment could be…

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April 21, 2015
Reviving Nigeria’s moribund oil industry

With perceived executive high-handedness, long contracting cycle, crude oil theft and non-passage of the Petroleum Industry Bill (PIB), among others, Ejiofor Alike writes that the incoming administration has enormous task to revatilise the moribund oil and gas sector, restore the confidence of investors and reposition the industry on the path of sustainable growth. In recent…

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April 1, 2015
External reserves fall to $29.79bn

The nation’s foreign exchange reserves fell by 4.9 per cent to $29.79bn on March 30, from $31.35bn in February, data from the Central Bank of Nigeria on Tuesday showed. Year-on-year, the reserves fell by 21.3 per cent from $37.83bn in March 2014 to stand at the new balance of $29.79bn on Monday, the data showed….

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