The new head of Nigeria’s state oil firm has fired eight senior managers. His success or failure in turning around the wasteful oil sector could be a test of the resilience of President Buhari’s anti-corruption drive. It seems that Emmanuel Ibe Kachikwu, a former executive of Exxon Mobil and now head of the Nigerian National […]
Tag Archives: Nigeria’s
By Michael Eboh One of the first major tasks the administration of Gen. Muhammadu Buhari will have to contend with will be how to finance the 2015 budget in the wake of low oil price and rising threats from declining revenue. This becomes very critical when viewed against the backdrop of the tough economic conditions […]
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Concern over Nigeria’s ‘loss’ of LNG market 17 May 2012 The Nigeria Liquefied Natural Gas (NLNG) used to control ten per cent of the global market share. It has dipped to between seven and eight per cent. There are fears it may dip to five per cent, if its growth plans are not accelerated, […]
By Patrick Ugeh and Linda Eroke After a protracted meeting with government officials which lasted for 13 hours, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), and the Nigerian Union of Petroleum and Natural Gas workers (NUPENG) suspended their nationwide strike on Friday morning. Their industrial action was in protest against several […]
MR Liu Kan, the 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 told the News Agency of Nigeria (NAN) in Lagos that China would also depend on Nigeria to satisfy the demand of her increasing population for […]
