NIGERIAN MARITIME INDUSTRY HAS BEEN A WASTED OPPORTUNITY – LADOL MD

The Managing Director of the Lagos Deep Offshore Logistics, Dr. Amy Jadesimi, speaks about the potential of the maritime sector and LADOL’S $500m investment in a vessel-fabricating facility expected to generate 50,000 jobs and attract $10bn private sector investment: How has it been running LADOL for eight years? As the Managing Director of LADOL, I have a very broad charge. […]

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NIGERIA LOSES AFRICA’S TOP OIL PRODUCER POSITION TO ANGOLA

Sheds N83 billion in one month Nigeria’s crude oil production fell by 156,900 barrels per day (bpd) to 1.269 million bpd in March, from 1.426mbpd recorded in February. Consequently, the country lost its status as Africa’s top oil producer to Angola, according to latest data from the Organisation of Petroleum Exporting Countries (OPEC). With the cumulative loss of 4.8 million […]

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KACHIKWU CONTINUES OIL INVESTMENT OVERTURES, WOOS EXXONMOBIL ON LOCAL REFINING

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has continued his drive to have International Oil Companies (IOCs) operating in Nigeria deepen their investments in the country with a visit to United States oil firm, ExxonMobil. The minister according to a statement from the ministry yesterday in Abuja, met with top executives of ExxonMobil at its headquarters in […]

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