Industry

—80% of the financial liabilities are owed by the NNPCL —The Federation earned $23.04billion in 2021 with $13.2billion or 57.27% of total revenue shared to the federating units after deductions —Report urges computation of 13%…
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An Adjutant Professor of the North Dakota University, USA, Engr. Dr. Wisdom Patrick Enang, has enjoined the Central Bank of Nigeria (CBN) to devise other means of reducing inflation beyond raising the Monetary Policy Rate (MPR), in…
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Samuel OgbukuManaging Director, NDDC By Moses Patience Chat About $27.3bn funding is being targeted to finance power and roads infrastructural projects in the Niger-Delta region by the Niger Delta Development Commission (NDDC),…
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By Fred Ojiegbe The Nigerian National Petroleum Company Limited, in partnership with Shell Nigeria Exploration Company Limited (NNPC/SNEPCo), has been working with The Irede Foundation to support pupils living with disabilities.…
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By Adaobi Rhema Oguejiofor The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has assured that the Petroleum Industry Act (PIA), which made provisions for Host Community Development Trust (HCDT) under section 20 of the…
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Scores of commuters plying the Benin-Sapele were killed on Sunday in a multiple auto crash involving a tanker laden with petrol and over 15 commercial and private vehicles. The tanker was said to have fallen on its own while…
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By Adaobi Rhema Oguejiofor The Federal Government has said that, as part of measures to tackle the withdrawals by international oil companies out of Nigeria, it is removing all exploration and production restrictions in the oil…
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By Patience Chat Moses Fluenta, a global leader in ultrasonic sensing technology for measurement of flare gas, has completed the installation of 18 ultrasonic flare gas meters on large pipelines around the Dangote Refinery Plant in…
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By Patience Chat Moses Minister of State Petroleum Resources (Gas), Mr. Ekperikpe Ekpo, has urged contractors handling the Obrikom, Obiafo and Oben (OB3) gas pipeline project to ensure its completion by December this year. The…
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By Adaobi Rhema Oguejiofor  The Nigerian Extractive Industries Transparency Initiative (NEITI) has revealed that the Nigerian National Petroleum Company (NNPC) Limited did not pay approximately N2.8 trillion in taxes to the Federal…
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