Interviews

Excerpts: Update on activities of BDCs The only exchange rate the CBN recognizes today in the Nigerian foreign exchange market, which is the dominant market, is the investors and exporters (I&E) FX window. It is for everybody who want to procure or sell foreign exchange to import or export. They…

Excerpts: Reaction to Petroleum Industry Act (PIA) We are happy to have a petroleum industry that is today not governed by laws and regulations enacted in 1969, which were very stale, and did not move with the times, or recognized the fact that the oil industry has changed monumentally. The…

Second year performance review The PIB has been signed into law. But we are not here to speak about PIB. We are here to discuss our stewardship in the Ministry of Petroleum Resources in the last two years. When we started in August 2019, the President handed down nine mandate…

MEDIATRACNET EXCERPTS: QUES: Does the political authority support the CBN’s decision on BDCs and the FOREX allocation? EMEFIELE: It is important to know that the CBN, in line with the CBN Act, has a mandate to monitor the market and ensure financial systems stability. Other than price and monitoring of…

MEDIATRACNET To guarantee energy security and drive towards wealth creation for all Nigerians, the Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to effective stewardship of the nation’s hydrocarbon resources to realize set targets. Nigeria’s aspirations in the oil and gas industry are to grow crude oil production capacity…

Shortly after her confirmation as the Director-General Designate of the World Trade Organization (WTO), Ngozi Okonjo-Iweala held her maiden virtual media briefing during which she fielded questions on issues bordering on her priorities and agenda as she prepares to assume office come March 1, 2021. BASSEY UDO, Team Lead, MEDIATRACNET…

If the government cannot finance all its obligations, I think it will be irresponsible on the part of the CBN as a lender of last resort not to support the Federal Government.

What Nigeria is seeing today in the industry in the COVID-19 situation is an opportunity she must take advantage of and produce more of her oil .

MEDIATRACNET Until recently, the Federal Competition and Consumer Protection Commission (FCCPC) was largely unknown to many. But today, the Director-General of the Commission, Babatunde Irukera, in this interview, says the agency has achieved a lot and looks forward to ensuring robust enforcement and wider consumer education in 2020. Excerpts: QUES:…

After a week’s delay, partners to the Nigeria Liquefied Natural Gas (NLNG) Limited last Friday finally sealed the final investment decision (FID) to construct Train 7 of the project initiated to raise its production capacity from the current 22 million metric tonnes per annum to 30 million MTPA by 2024.…