Emirates Denies Allegation of Flight Suspension from Nigeria

Right: Mrs. Abimbola Shobanjo, Manager, Corporate Responsibility and Sustainability,...

  Mr. Yazid Shehu Umar Danfulani Managing Director /CEO His Excellency, President...

L-R: Head, Oil and Gas, Anthony Saiki; Executive Director,...

A merger of two of the UK's mobile networks...

The National Pension Commission (PenCom) has developed an online...

Committed to ensuring that its customers get the best...

Independents are projected to account for about 500kbpd by the year 2020, representing 25% of crude oil production in Nigeria, from the current level of 10%. The development is seen as a reflection of the changing landscape of the oil and gas industry in Nigeria. Key Recommendations: • Integration of the upstream to other parts of the value chain may eventually be driven by the independents. • Challenges such as security, especially for independents operating in shallow waters. Local companies reiterated that security and community challenges have greatly altered their cost of production which cannot be fully ascertained. When coupled with Government take and interest from loans the cost per barrel increases. • Government is to ensure that an enabling environment is created - independents need to be able to deliver on capacity growth and funding.

 The Central Bank of Nigeria (CBN) acknowledges the judgment...