Isaac Anyaogu, Author at Businessday NG https://businessday.ng/author/isaac-anyaogubusinessdayonline-com/ Mon, 24 Apr 2023 22:46:06 +0000 en-US hourly 1 188198514 Nigeria misses out as rivals lock in long-term LNG contracts https://businessday.ng/energy/oilandgas/article/nigeria-misses-out-as-rivals-lock-in-long-term-lng-contracts/ https://businessday.ng/energy/oilandgas/article/nigeria-misses-out-as-rivals-lock-in-long-term-lng-contracts/#respond Tue, 25 Apr 2023 01:40:37 +0000 https://businessday.ng/?p=724440 Gas plant

Oil-rich countries are signing multimillion-dollar Liquefied Natural Gas (LNG) contracts to lock in supplies over the next 20 years but Nigeria is unable to meet current orders, let alone fight for future contracts, setting the stage for a looming fiscal crisis. Home to the world’s ninth biggest natural gas reserves, Nigeria is struggling to replenish […]

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]]> https://businessday.ng/energy/oilandgas/article/nigeria-misses-out-as-rivals-lock-in-long-term-lng-contracts/feed/ 0 724440 10yrs after initiation, 150MW Delta Sunrise Project ready for financial close – Ikomi https://businessday.ng/interview/article/10yrs-after-initiation-150mw-delta-sunrise-project-ready-for-financial-close-ikomi/ https://businessday.ng/interview/article/10yrs-after-initiation-150mw-delta-sunrise-project-ready-for-financial-close-ikomi/#respond Mon, 24 Apr 2023 01:03:04 +0000 https://businessday.ng/?p=724206

Proton Energy Limited recently secured a Gas Sale and Aggregation Agreement with the Nigerian National Petroleum Company Ltd, the Shell Petroleum Development Company of Nigeria Limited, TotalEnergies EP Nigeria Limited, the Nigerian Agip Oil Company Limited, and the Gas Aggregation Company Nigeria Limited for the supply of natural gas to the 150 MW power generation […]

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]]> https://businessday.ng/interview/article/10yrs-after-initiation-150mw-delta-sunrise-project-ready-for-financial-close-ikomi/feed/ 0 724206 Analysis: Three years on, Nigeria’s ‘Decade of Gas’ remains just a slogan https://businessday.ng/energy/oilandgas/article/analysis-three-years-on-nigerias-decade-of-gas-remains-just-a-slogan/ https://businessday.ng/energy/oilandgas/article/analysis-three-years-on-nigerias-decade-of-gas-remains-just-a-slogan/#respond Mon, 24 Apr 2023 01:01:35 +0000 https://businessday.ng/?p=724151 Gas flaring

Three years after the Federal Government launched a programme to harness the country’s gas resources, key projects marked for execution under it have been ignored, indicating it may have amounted to nothing more than sloganeering, BusinessDay analysis shows. Nigeria’s ‘Decade of Gas’ is a government-led initiative aimed at harnessing the country’s vast gas reserves to […]

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]]> https://businessday.ng/energy/oilandgas/article/analysis-three-years-on-nigerias-decade-of-gas-remains-just-a-slogan/feed/ 0 724151 Petrol price post-subsidy hangs on dollar rates https://businessday.ng/energy/oilandgas/article/petrol-price-post-subsidy-hangs-on-dollar-rates/ https://businessday.ng/energy/oilandgas/article/petrol-price-post-subsidy-hangs-on-dollar-rates/#respond Wed, 05 Apr 2023 02:00:05 +0000 https://businessday.ng/?p=720133 Petrol subsidy

The naira-dollar exchange rate is a major factor that will determine the pump price of petrol after the removal of subsidy. At the current petrol pricing template, the pump price of the product would hover around N385 per litre in Lagos (using the official exchange rate of N461 per dollar), while it could sell for […]

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]]> https://businessday.ng/energy/oilandgas/article/petrol-price-post-subsidy-hangs-on-dollar-rates/feed/ 0 720133 Buhari burnt N11.7trn on petrol subsidies, will his successor be different? https://businessday.ng/energy/article/buhari-burnt-n11-7trn-on-petrol-subsidies-will-his-successor-be-different/ https://businessday.ng/energy/article/buhari-burnt-n11-7trn-on-petrol-subsidies-will-his-successor-be-different/#respond Tue, 04 Apr 2023 08:16:19 +0000 https://businessday.ng/?p=719725

Prior to his emergence as president, Buhari, who had labeled subsidy a fraud, would have burned through N11.75 trillion of Nigeria’s cash funding the scheme by the end of his tenure, raising questions about the capacity of the next president to keep his word and end the practice. Subsidies have become something of an albatross. […]

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