23 oil blocks failed to produce crude –FG
No fewer than 23 oil blocks managed by both international and local oil companies, which are under crude oil Production Sharing Contracts with the Nigerian National Petroleum Company Limited, failed to produce crude or were inactive, the Federal Government has said. It disclosed this in the latest Oil and Gas Industry Report for 2021 released […]
Fed Govt offers N150b Sukuk for infrastructure
The Federal Government yesterday launched a N150 billion Sukuk issuance to raise funds for the construction and rehabilitation of roads and bridges across the country. The Debt Management Office (DMO) yesterday opened application list for subscription to the N150 billion Ijarah Sukuk. Sukuk is a non-interest, asset-backed instrument, based on the principles of Islamic finance. […]
Inadequate financing still barrier to solar adoption, penetration
The Executive Director, Gennex Technologies, Toyin Ilo, has stated that inadequate financing for solar development is still a factor mitigating the adoption and penetration of solar energy in Nigeria. Indeed, solar penetration in Nigeria is still relatively low, despite the country having about 60 per cent of the world’s best solar resources. Speaking at the […]