Why Nigerian Govt should get out from oil and gas sector —El-Rufai
El-Rufai said whatever the government manages turns out bad, and the sectors that are doing well, like entertainment, telecoms, fintech and others, have no government involvement.
Tag: Nigerian government
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Court stops FG from auctioning 11 abandoned oilfields
The companies whose licenses were revoked appealed the decision of the Nigerian Department of Petroleum Resources and the federal high court granted this week an injunction, preventing the government from auctioning off the 11 oilfields “pending the determination of the substantive suit.
How Nigeria can leverage on negative oil prices
By Ijeoma Nwogwugwu With the price of a barrel of West Texas Intermediate (WTI), the benchmark for US crude oil, sinking into negative territory on Monday for May deliveries, and the price of Brent Crude – the benchmark used by Europe and the rest of the world – down by 25% to $19 yesterday, it…
Power transmission upgrade: FG assures AfDB of transparent utilisation of funds
The Nigerian government has promised that funds approved and released to the Transmission Company of Nigeria (TCN) by the African Development Bank (AfDB) for the upgrade of the national grid will not be embezzled. The Minister of State for Power, Mr. Goddy Jedy-Agba, gave the assurance to Acting Vice President, Power, Energy, Climate and Green…