Liu Kan, Consul-General of the Consulate General of People’s Republic of China in Lagos, on Thursday expressed his country’s growing interest in Nigeria’s oil and gas industry. Liu said that China would also depend on Nigeria to satisfy the demand of her increasing population for crude oil and gas. “China is the most populous nation…
Nigerians Groan as Fuel Crisis Persists
For over one week, Nigerians have been battling with the pangs of fuel scarcity. A number of the filling stations are believed to have petroleum products, but refuse to sell to consumers. Isibor Mark caught this scene in one of the filling station.
Rallying Against Subsidy Scam
A coalition of human rights activists and non-governmental organisations has taken up the gauntlet to enforce the recovery of various huge sums of money diverted from the Federation Account It is a rare collaboration but one that has the common good of Nigerians as its sole objective. Femi Falana, fiery Lagos lawyer and counsel to…
Saving a Multi Billion Dollar Investment
The federal government and Delta State collaborate to save the multi-billion dollar gas project at Ugborodo, Delta State, threatened by feuding host communities Twice in a space of two weeks, the federal government read out the riot act to the feuding parties in the seemingly intractable crises that have claimed many lives and made life…
The Politics of Privatisation of Refineries
After several years of tinkering with privatisation of the nation’s ailing refineries, the government yields to pressure again to put the process on hold, creating room for more years of rot in the oil sector Investors who are prospecting for Nigeria’s moribund refineries may have to wait for a longer time for inexplicable reasons. In…
Eland Oil & Gas Set for Full Operation
After shutting down its facility for seven years, Eland Oil & Gas plc has completed the restoration work of its production facilities at the Opuama oil field. To Andrew McGeary of Northland Capital partners, an investment partner to the company, the production would start soon after the pre-commissioning and testing has been successfully completed. He…
The Politics of Privatisation of Refineries
Investors who are prospecting for Nigeria’s moribund refineries may have to wait for a longer time for inexplicable reasons. In the face of the current political upheaval and sundry economic issues his government has to contend with, President Goodluck Jonathan is not willing to allow any pressure group to have its way by lashing onto…
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