NGX Group Chairman, Umaru Kwairanga, Visits Dubai Financial Market for Industry Partnership

Left: Permanent Secretary, Ministry of Agriculture, Lagos State, Hakeem...

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  Today, Allianz unveiled the first edition of its “Global...

As part of the National Insurance Commission’s drive to...

Access Bank Plc is issuing a 5-year Fixed Rate...

  Sterling Bank Limited has again emerged as the 2022...

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.

Nigeria’s foremost advertising leader and Chairman of Troyka Holdings,...