Interviews

MEDIATRACNET The World Bank has approved $750m for the Nigeria State Action on Business Enabling Reforms (SABER) Programme-for-Results. The World Bank, which disclosed this on its website monitored on Friday in Abuja, said the approved International Development Association (IDA) credit, would help Nigeria accelerate the implementation of critical actions that…

By Bassey Udo Q: What has changed between NNPC as a corporation and NNPC as a commercial company? KYARI: What has changed is that the NNPC today as a company is smarter, more responsive and much more accountable and must act within the premises of all the regulations in the…

By Bassey Udo The challenges posed by the COVID-19 pandemic on the global economy and the current quest for energy transition away fossil fuel are driving Caverton Offshore Support Group to diversify its portfolio of services beyond the oil and gas industry, the company’s Chief Executive Officer, Olabode Makanjuola, has…

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.