18 November 2016, Lagos — Nigeria needs at least $14 billion a year in new investment over the next five…
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“The minister added that these financial abuses have been going on for a decade, whereby the agencies hide revenues that ought to go into the Federation Account,” Obiano said.
Under the new funding stream, the JVs would become incorporated and source for their own financing, freeing up the federal government from the budgetary obligations of coming up with the cash calls already put at $2.3 billion so far this year alone.
18 November 2016, Sweetcrude, Vienna, Austria — The price of OPEC basket of fourteen crudes stood at $42.83 a barrel…
When asked what happened to the Gas Master Plan by a previous administration in 2008, Kachikwu said, “If the gas master plan was that fantastic how come we don’t have changes in that sector.
Kachikwu last week said Royal Dutch Shell, Exxon Mobil, Italy’s ENI, Chevron and France’s Total had “accepted” what he described at the time as an “outline settlement”.
The president noted that guaranteeing energy security and focusing on renewable sources remained a top priority of his administration by strengthening the policy and regulatory base of renewable energy.
Akah said it was on record that from January to September, EEDC recorded over 2,466 unresolved electricity complaints from customers who were dissatisfied with services rendered.
17 November 2016, Abuja — Savannah Petroleum plc has signed a Memorandum of Understanding with New Nigeria Development Company Ltd…
17 November 2016, Sweetcrude, Vienna, Austria — The price of OPEC basket of fourteen crudes stood at $42.90 a barrel…