Ghanaian Government has given approval to the Plan of Develop­ment (PoD) for the Sankofa complex offshore Ghana where it envisages first oil in 2017 and first gas by 2018.

Afren Plc., a United Kingdom-listed oil firm, said it would ear­mark its first oil from the Okoro Further Field Devel­opment, Aje and Okwok oilfields offshore Nigeria in 2015.

There is, therefore, a need for a new national economic policy, orientation and implementation – towards a diversification of the oil-based, forex in-flow into the Nigerian economy

There is, therefore, a need for a new national economic policy, orientation and implementation – towards a diversification of the oil-based, forex in-flow into the Nigerian economy

Following the inability of operators of about 19 marginal oil fields to meet the objectives of bringing the fields to pro­duction since 2003, the Depart­ment of Petroleum Resources (DPR) has warned that it would withdraw the licences of non-performing marginal blocks by March 2015.

(NERC) has cautioned the various Electricity Distribution Compa­nies (Discos) in Nigeria’s Elec­tricity Supply Industry (NESI) against unfair electricity ration­ing and directed them to work out fair and ingenious plan of shedding electricity loads to en­sure adequate supply of same in their respective coverage areas.

The United States Trade and Development Agency (USTDA) has signed memoranda of cooperation with Eko Elec­tricity Distribution Company (EKEDC) and Ikeja Electricity Distribution Company (IKEDC) to help reduce electricity losses.

An eventful week in the Nigerian Stock Ex-change which saw the 2015 budget presented to the National Assembly, a hint on austerity measures to be in-troduced in the second quarter of 2015 and a break from an eight (8) day straight downward trend in the All Share Index (ASI) with a last day high recorded on the floor.

 The Deputy President, Nigerian Society of En-gineers (NSE), Mr Otis Anyaeji, has advised the Federal Government to use policy-based financial instruments as alternative sources of funding na-tional Infrastructure.