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It is no longer news that Nigeria has the world’s 10th largest gas reserves but ranks only 17th in production – demonstrating untapped potential. While government seeks new measures to increase utilisation, more needs to be done in the fiscal environment. FEMI ADEKOYA writes. Some months ago, the Director of the Department of Petroleum Resources (DPR) Sarki Auwalu, said that Nigeria’s proven gas reserve has risen to 203.16 tcf, which is believed to be enough to support both domestic consumption and serve as a major foreign exchange earner if utilised. Notwithstanding, experts believe there is much yet undiscovered. But the incentive for exploring gas is limited, even as much of Nigeria’s discovered reserve can only be processed with great market incentives and better infrastructure. ....
The Lagos Chamber of Commerce and Industry (LCCI) says losses of Micro, Small and Medium Enterprises (MSMEs) in Lagos is about N2.7 billion, due to the recent Coronavirus (COVID-19) lockdown. ....
Ife Ogunfuwa The Lagos Chamber of Commerce and Industry says the resurgence of COVID-19 pandemic and significant oil price volatility are the grea. ....
Premium Content Subscriber only For a town more used to a sunburnt Christmas than a white one, our children sure love a bit of snow. This was the feeling on Carrington St on Christmas Eve as dozens of youngster danced about, laughing and playing as two snow machines sent “snowflakes” into the air. SANTA & SNOW: Dozens of children enjoyed a miniature winter wonderland when snow came to Lismore s Carrington St on Christmas Eve. Photo: Alison Paterson Parents took photos and laughed along with their children who ran around with their friends as they tried to catch snowflakes. LET IT SNOW: Dozens of children enjoyed a miniature winter wonderland when snow came to Lismore s Carrington St on Christmas Eve. Photo: Alison Paterson ....