Business & Finance

Nigeria’s downstream sector records a yearly income of 56 billion dollars, Mr Abayomi Awobokun, Chief Executive Officer, Enyo Retail and Supply Limited, has said. Awobokun made this known at an interactive session with…
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The ongoing gas flare commercialisation programme of the Federal Government will attract $3.5bn worth of investments to Nigeria. In a reply to enquiries on the status of the programme, senior officials of the Federal Ministry of…
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Billions of dollars have been lost due to government’s inability to conduct bid rounds for major and marginal oil fields, former co-founder and Executive Director, Pillar Oil Limited, Seye Fadahunsi, has said. Fadahunsi could…
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The Nigerian Content Development Monitoring Board, NCDMB, has announced plans to introduce a new financing scheme to address the gaps witnessed under the Bank of Industry, BOI, funding initiative for companies operating in the Nigerian…
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Top Civil society activists in Nigeria have reiterated the need for appropriate reforms and right policies to govern, moderate and drive the oil and gas sector in the country for a prosperous economy. The Coordinator of Publish What…
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A businessman who sells off his controlling stake in a successful and lucrative organisation is either stupid or a genius. However, Femi Otedola is not a fool, as his exploits in the Oil and Gas industry speaks volume. Last year,…
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*Says the ANOH project is designed to provide the linkage between the Eastern, Western and Northern gas pipeline system. The Nigerian National Petroleum Corporation (NNPC) has announced the execution of Final Investment Decision (FID)…
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The Nigerian National Petroleum Corporation (NNPC) has signed a Final Investment Decision (FID) with its Joint Venture (JV) partners – Shell Petroleum Development Company (SPDC), Total Exploration and Production Nigeria (TEPNG), and…
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The fraction of oil monies accruable to Nigeria from Production Sharing Contracts (PSCs) related agreements it has with International Oil Companies (IOCs) has remained the lowest among other oil producing jurisdictions with same…
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A Federal High Court Lagos Wednesday adjourned until April 30, the $69 million suit filed by the federal government against Chevron Petroleum Nigeria Ltd, seeking to recover oil revenue. The federal government filed the suit against…
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