Sovereign Trust Insurance Holds 29th AGM in Lagos

The Nigerian Guild of Editors has expressed concern over...

By Elvis Eromosele Today the average consumer is inundated with...

L-R: Bimbo Abioye, President, ISPON, Hajia Thaibat Adeniran, CEO,...

The UK Payments Council says that over a million...

Can we stave off catastrophic climate change while building the energy systems needed to power growth, create jobs and lift millions of people out of poverty? That’s a crucial question for Africa. No region has done less to contribute to the climate crisis, but no region will pay a higher price for failure to tackle it. Meanwhile, over half of Africa’s population lacks access to modern energy. Africa’s leaders have no choice but to bridge the energy gap, urgently. They do have a choice, though, about how to bridge the gap.

L-R: Alhaji Auwalu Muktari, Group Managing Director/CEO, Royal Exchange...

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.

L-R: Okanlawon Adelagun, Executive Director, Technical, Linkage Assurance Plc;...