Daily Archives: February 13, 2018

Nigeria to save billions of Naira training oil workers locally — OGTAN

Capital flight plaguing the country must be curtailed if the oil industry domesticates training of oil and gas workers, Dr. Afe Mayowa, President of Oil and Gas Trainers Association of Nigeria (OGTAN), has said.   Speaking ahead of the forthcoming maiden edition of the Nigeria Education Summit of the association billed for April 16, Mayowa […]

Gas Supply, Others Deny Nigeria’s Power Sector N40.55bn Revenue in One Month

Despite over 192 trillion standard cubic feet of gas reserves yet to be tapped, power plants in the country still lack adequate gas to run turbines, giving rise to N40.548 billion revenue losses by the sector in one month.   This loss was due to insufficient gas supply, distribution infrastructure, transmission infrastructure and water reserves. […]

Nigeria Earned N1.2B From Oil in Fourth Quarter of 2017

The Federal Government earned N1.226 billion from crude oil during the last quarter of 2017, according to the Central Bank of Nigeria (CBN).   Besides, about N115.58 billion was allocated to the 13 per cent Derivation Fund for distribution among the oil-producing States during the period under review.   This was lower than both the […]