Industry

The Senate President, Godswill Akpabio, has assured Nigerians that the country will become self-sufficient in Premium Motor Spirit (Petroleum) production in the next four weeks. He commended President Bola Tinubu for having the…
Read More...

– Lists benefits of new gas gathering facility *Kwale Gas Gathering facility The Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, has commended the Nigerian Content Development and Monitoring Board…
Read More...

Crude Oil and Dollar The naira has remained firm against the dollar since the country received $925m additional inflow from ‘Project Gazelle Funding Limited’, a crude oil forward sales deal between the Nigerian National Petroleum…
Read More...

The African Export-Import Bank (Afreximbank) 2023 allocated a total of $18 billion to various projects across Africa, with a strategic goal of supporting the refining of 50 per cent of the continent’s 5 million barrels per day of crude…
Read More...

*Petitions US Attorney General on matter  *Asks Justice Dept to recommence probe  *Says Shell, Eni still profiting from fraud The United States House of Representatives is pushing for the reopening of a Foreign Corrupt Practices…
Read More...

The return of petrol subsidy in Nigeria could affect the country’s positive credit ratings, according to multiple analysts who spoke to BusinessDay. This may be negative for Africa’s most populous nation’s prospects of getting funds…
Read More...

After a sharp increase in the price of gasoline at the pump in surrounding nations, the Federal Government on Monday expressed concern about the resumption of smuggling of the commodity. According to the report, the average cost of…
Read More...

The Nigerian National Petroleum Corporation (NNPC) Limited has signed a significant deal with a North American firm, Golar LNG, to float Liquefied Natural Gas (LNG) offshore in Niger Delta region. The spokesperson for NNPC,…
Read More...

By William Emmanuel Ukpoju In a strategic move to advance Nigeria's green industrial vision and bolster investor confidence, President Bola Tinubu has approved several significant appointments to the National Council on Climate…
Read More...

L-R: Executive Secretary, Nigerian Content Development and Monitoring Board, Engr. Omatsola Felix Ogbe,  Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperipe Ekpo, Deputy Governor, Delta State, His Excellency, Chief Monday…
Read More...