Optimism grows on oil demand returning 100mbd

September 29, 2020

The whiff of optimism being expressed in respectable quarters about chances that oil demand could yet return to the psychological comfortable figure of 100 million barrels per day received another heavyweight support last week with ConocoPhillips joining the fray to issue a forward-looking statement that demand will not only return to that number but that […]

Ewelukwa takes over as NBET acting MD

December 26, 2019

Mr. Nnaemeka Ewelukwa has taken over as the acting Managing Director/CEO of the Nigerian Bulk Electricity Trading Plc (NBET). He took over from Dr. Marilyn Amobi, who left the post on a ministerial order Tuesday. The Minister of Power, Engr. Sale Mamman, had asked Amobi to step down immediately over complaints raised by staff and […]

We may have to worry about peak oil demand soon

November 4, 2019

We may have to worry about peak oil demand soon

By Mudashir Tunde   A peak oil demand might continue to result in its rise in value for the next ten years if the world leaders implement low-carbon policies more strictly according to the Head of the Oil Industry & Markets Division at the International Energy Agency (IEA), Neil Atkinson. Speaking to  CNBC today, Neil said, “If the world does […]

NGO offers free business training to boost economic activities in Jos

October 28, 2019

By Hope Ikwe, Jos A non- governmental organization known as New Identity, in a bid to empower investors with necessary skills, boost economic activities and reduce poverty, has decided to offer  free business seminars in Jos. Funmi Adefeko, founder of New Identity, a Havard Business School trainee who has worked with the Coca-Cola company for […]

European refiners jostle for Nigeria’s Egina oil over high yields

Businessam StaffAugust 9, 2019

Nigeria’s newest export crude, the medium sweet Egina, is proving popular with European refiners due to its high distillate yields, as output from the Total-operated field nears its full capacity of 208,000 barrels of crude oil per day. The Egina deepwater field, which was developed at the cost of $16 billion by French oil giant, […]

African trade agreement will boost electricity generation, supply, say GENCOs

Businessam StaffJuly 10, 2019

The electricity generation companies, GENCOs, say they are optimistic the African Continental Free Trade Area (AfCFTA) agreement signed last Sunday in Niamey, Niger Republic by all heads of government of the African Union will boost power generation and supply in the continent. The companies, under the aegis of the Association of the Power Generation Companies […]

Eterna Plc looking to increase its retail footprint as it clocks 30

Chris IkosaFebruary 12, 2019

Eterna Plc is looking to scale up its presence in the Nigerian downstream oil and gas sector as the company celebrates its 30th year of operating in the Nigerian economy. Mahmud Tukur, chief executive officer of the company said the company plans 200 new retail outlets in the country in the next five years, which […]

Nigeria’s greatness depends on developing non oil sector – NEPC

Afolabi OluwaseunFebruary 7, 2019

Babatunde Faleke, executive secretary, Nigerian Export Promotion Council (NEPC), Thursday, said that for Nigeria to progress there is a need for the citizens to live as if the nation does not have crude oil for export. Speaking at NACCIMA Export Group’s 1-day interactive session, themed “Assessing and Analyzing Non-oil Export Prospect”, Faleke stated that Nigeria […]