By Oke Peter The leading event dedicated to the African Oil and Gas industry, Africa Oil Week (AOW) 2018 has come to an end, after a five-day content-packed conference and exhibition in Cape Town, South Africa. The intelligence business platform saw over 1,500 delegates from around the world exchanged thoughts and latest insights taking place…
AfDB says 645m people without electricity in Africa Although, there are about 645 million people without electricity in Africa, with about 90 million Nigerians affected, the Minister of Power, Works and Housing, Babatunde Fashola, has said the Federal Government is doing everything possible to reverse the trend in Nigeria. Fashola, at a post-invent interview with…
The International Monetary Fund (IMF), says Nigeria is expected to grow by 1.9 per cent in 2018, up from 0.8 per cent in 2017, mostly owing to fewer disruptions in oil production. Mr Amine Mati, the IMF Senior Resident Representative for Nigeria, said this while presenting the “Fall 2018 Regional Economic Outlook for Sub-Saharan Africa’’…
By Oke Peter Schneider Electric in Nigeria has been awarded the Nigerian Content Equipment Certificate on its assembly facility owing to its commitment to the country’s local content policy. The certification, which was awarded by the Nigerian Content Development and Monitoring Board (NCDMB), attests to the fact that the firm owns the assembly facility which…
The United States is now the world’s biggest crude oil producer, pushing Russia and Saudi Arabia to the back seat. In the week ending November, the U.S. crude production hit a whopping 11.6 million bpd, according to Energy Information Administration (EIA) data released on Wednesday. That’s a threefold increase from the U.S. low reached a…
