NIGERIA is poised to obtain another significant loan from after the Bank of China and Sinosure committed itself to funding 85% of the loan requirements of the proposed Ajaokuta-Kaduna-Kano (AAK) gas pipeline project.
Seen as a means of piping gas to Nigerian consumers, the AKK pipeline is a 614km-long natural gas conduit....
PETROLEUM minister Timipre Sylva has revealed that the Nigerian National Petroleum Corporation (NNPC) is set to resume oil exploration in the Lake Chad Basin despite the global demand for crude oil being in decline.
Historically, Nigeria has been a mono-economy with the federal government dependent on crude oil export...
NIGERIA'S National Petroleum Corporation (NNPC) has revealed that a total of 78 companies have submitted virtual bids to rehabilitate its downstream pipelines and upgrade its decaying infrastructural facilities.
Despite being the world's sixth largest crude oil exporter with a daily output of about 2.5m barrels, Nigeria's...
