Reports indicate that Nigeria has broken OPL 245 oil block into four new assets to be operated by Eni and Shell. This, it is believed, will eventually end the long-standing deadlock over Nigeria’s lucrative block in the centre of one of the oil industry’s corruption trials. Located 150 km offshore in the Niger Delta, it […]
Nigeria breaks OPL 245 oilfield into four blocks under deal with Eni, Shell Read More »
As tenants and accommodation seekers cry out over the astronomical rent increase in most cities, the federal and state governments have been urged on massive, affordable housing provision for the citizens. According to experts in the industry, prompt and decisive policies will prevent the rental situation from getting worse. They insisted that, beyond regulatory reforms,
Rent crisis: FG, states tasked on affordable housing provision Read More »
Except urgent steps are taken to clear all outstandings, power sector debts to the power generating companies (GenCos) may hit N8.8 trillion by the end of 2026. According to the Chief Executive Officer, Association of Power Generation Companies, Dr. Joy Ogaji, in her chat with Nigerian Tribune on Sunday, the legacy debts stood at N4trillion
Power sector debt to GenCos may hit N8.8trn by end of 2026 Read More »
Dr Olisa Agbakoba, a former president of the Nigerian Bar Association (NBA), has applauded President Bola Tinubu for reclaiming Nigeria’s sovereignty by signing the Executive Order (EO) directing the remittance of oil and gas revenues to the Federation Account. Describing the decision as a revolutionary administrative action, while speaking with journalists in Lagos, the legal
IOCs should be limited to work around commercial drilling —Agbakoba Read More »
