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Anxiety mounts as more stakeholders divest from downstream sector

UGO AMADI, BUSINESS EDITOR

The recent outburst by the Major Oil Marketers Association of Nigeria (MOMAN) on tough operating environment in the downstream sector of the Nigerian oil and gas industry which has warranted many players in the industry divesting while some close shops has become a source of worry to stakeholders.

Access Bank reaffirms support for oil and gas sector

UGO AMADI

Despite challenges in energy sector, Access Bank Plc. has said that it will continue to give support and back operators in the country’s oil and gas sector with the right financial support required to efficiently grow the industry.

Chevron reinforces its commitment to socio-economic development of Nigeria

UGO AMADI

The Nigerian National Petroleum Corporation (“NNPC”) and Chevron Nigeria Limited (“CNL”) have signed a Gas Sale and Aggregation Agreement (“GSAA”) with Dangote Fertilizer Limited (“DFL”) and Gas Aggregation Company of Nigeria Limited (“GACN”) as the ‘Aggregator’.

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