Nigeria seen included in possible OPEC oil output cap

Oil prices

There are strong indications that the Organisation of Petroleum Exporting Countries (OPEC) may revisit the issue of including Nigeria in its output cap deal. This followed Royal Dutch Shell lifting of its force majeure on exports of Bonny Light crude after pipeline repairs which is expected to lead to significant increase in Nigeria’s crude oil […]

World coal production just had its biggest drop on record

2016 saw a record drop in global coal production as the price ofrenewable energy continued to decline. World coal production drops 6.2% as renewable energy becomes cheaper to generate. With the rise of green energy and increasing use of lower carbon alternatives, including natural gas, coal production has been declining for several years. According to […]

B-R-E-A-K-I-N-G: Hakeem Belo-Osagie steps down as chairman of Etisalat Nigeria

The Chairman of Etisalat Nigeria, Mr. Hakeem Bello-Osagie, has resigned his appointment following the approval of a restructuring plan for the telecommunications firm. The resignation is effective immediately. Although the chairman had planned to leave immediately the banks made the take-over move, he opted to tarry until a road map for the company was finalised. […]

B-R-E-A-K-I-N-G: Oniha takes over from Nwankwo as DG DMO

The newly appointed Director General of the Debt Management Office, DMO Patience Oniha, resumed office Friday to put an end to the 10-year tenure of Green Nwankwo. Oniha, a former staff of the DMO, was seconded to the ministry of finance. The new DG was the former Head of the Efficiency Unit of the federal […]

Nigeria’s former power minister calls for segmentation, privatisation of transmission lines

Barth Nnaji, Nigeria’s former power minister Thursday called for the segmentation and subsequent privatisation of the nation’s power transmission lines to competent hands to improve electricity supply and check national grid breakdown. The former minister, while delivering a presentation at a public discourse; `The Big Ideas Podium’, said that with competent companies handling transmission and […]

ARM analysts place overweight ratings on Seplat

Pursely Resources,

*See stock price of N518.74 in 2018…. Analysts at ARM Securities Limited have placed overweight ratings on the stock price of Seplat Petroluem Development Company Plc, which means the share price of the Nigerian oil and gas giant is better value for money than others. Analysts at the equity research firm forecast a share price […]