Singapore — The court-appointed manager for Ocean Tankers Pte Ltd has applied to the Singapore court to return most of…
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Asia’s coal developers feeling left out by cold shoulder from banks. Developers of coal mines and coal-fired power plants in Asia are facing difficulties
Mkpoikana Udoma 21 December 2018, Sweetcrude, Port Harcourt — Akwa Ibom State Government has signed a Memorandum of Understanding, MOU,…
“The Ministry remains committed to making Ajaokuta Steel Plant function effectively, convinced that steel remains the most important engineering material and backbone of industrialisation in any economy.”
Chuks Isiwu 13 December 2017, Sweetcrude, Lagos – The Chairman and Chief Executive Officer of Petrolex Oil and Gas Limited, Mr.…
“NPDC continues to be unaccountable to state institutions and the laws of the country. NPDC has consistently refused to give account of its operations and its management of national oil assets in its possession. NPDC failed to cooperate with the forensic audit ordered by the Auditor-General of the Federation in 2015.”
22 October 2017, Sweetcrude, Lagos – The Miners Association of Nigeria, MAN, has appealed for a strategic plan by the…
“Already, the mining sector has begun to record very impressive results. We achieved a 300% increase in revenue (royalties and fees) between 2015 and 2016, and as at July of this year, the sector had already surpassed the entire revenue of N2Billion generated for the whole of 2016,” Fayemi said.
“There was growth in the basic metal, iron and steel industry during this period. The construction industry, which has been in negative growth, started picking up as a result of the implementation of the budget,” Fashola said.
NEITI has criticized the decision to transfer the country’s oil asset to NPDC as not founded on sound economic judgment. The agency noted that although the company was established to foster indigenous participation in the upstream sector of the industry, it has so far not been able to produce substantial levels on its own.