President Bola Tinubu has finally approved a targeted fiscal incentive designed to unlock the long awaited Final Investment Decision (FID) on the Bonga Southwest Aparo (BSWA) deepwater project. This presidential nod is coming after 18 years of deadlock. With the approval, the Bonga Southwest project becomes the first FID on a Nigeria deepwater Production Sharing…
The Speaker, House of Representatives, Hon. Tajudeen Abbas, has commended the National Agency of Science and Engineering Infrastructure (NASENI) for promoting affordable and cleaner energy solutions through the establishment of NASENI-Portland CNG Conversion, Training Centre and Refill Station, Kubwa, Abuja The Speaker represented by Hon. Alex Mascot Ikwechegh while inaugurating the NASENI-Portland CNG Hub noted…
Local manufacturers, acting under the aegis of Manufacturers Association of Nigeria (MAN) and Trade Union Congress (TUC) have rejected the proposed electricity tariff hike. They say the hike will seriously hurt the economy because local products will not be competitive with imported goods. MAN said incessant increase in electricity tariff is hindering the sector’s performance…
The Federal Government has allocated in excess of $75 million for the advancement of Compressed Natural Gas (CNG) infrastructure to foster cleaner and more sustainable energy across the nation. The Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, made the announcement at the 18th OTL Africa Downstream Energy Week in Lagos. The theme…
