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Industry
Nigeria loses N29trn to Fuel Subsidy, Oil Theft in 16 Years
By Adaobi Rhema Oguejiofor
The Federal Government has said that the amount of money spent on subsidizing petrol between 2005 and 2021 was about N13 trillion, and that the country also lost about N16.3 trillion to oil theft from 2009!-->!-->!-->!-->!-->…
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NCDMB Completes Training of 500 Youths in Bayelsa
By Moses Patience Chat
The Nigerian Content Development and Monitoring Board (NCDMB) has completed the training of 500 youths in mobile telephony repairs, hardware, software, and entrepreneurship from Bayelsa State under the!-->!-->!-->!-->!-->…
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NNPCL Restates Commitment to Achieving Energy Sustainability for Nigeria
By Moses Patience Chat
The Nigerian National Petroleum Company Limited (NNPCL) has restated its unwavering support for the growth and development of the energy sector in reaching the country's security, sustainability and net zero!-->!-->!-->!-->!-->…
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Invest in Modular Refineries to Stabilize Nigeria’s Economy, Prof Ife tells FG
By Adaobi Rhema Oguejiofor
A Development Economist, Professor Ken Ife, has said that the federal government must invest in modular refineries in order to bring stabilization to Nigeria’s economy.
Ife said this while reacting to!-->!-->!-->!-->!-->!-->!-->…
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‘We’re not exiting Nigeria’ …Shell Affirms As It Deepens Operations
By Saidu Abubakar
Energy giant, Shell, yesterday reiterated commitment to its presence in Nigeria, confirming that it is instead, deepening its operations in the country thanks to several exciting projects coming on stream. Shell!-->!-->!-->!-->!-->…
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Rainoil Commissions Mega Filling Station in Benin
By Moses Patience Chat
Rainoil Limited, a major downstream petroleum products marketer, has opened a 5000 squared-metre petrol filling station in Azagba Community of Benin City, the Edo State capital.
This was disclosed by the!-->!-->!-->!-->!-->!-->!-->…
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Seplat Delivers Necessary Documents on CEO to FG
By Adaobi Rhema Oguejiofor
Seplat Energy has delivered the necessary required documentation concerning its Chief Executive Officer (CEO), Roger Brown, to the Nigerian government.
The Company revealed this on Thursday following!-->!-->!-->!-->!-->!-->!-->…
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NNPCL Dismisses Allegations on Inappropriate Appointment of Heads
By Moses Patience Chat
The Nigeriain National Petroleum Corporation Limited (NNPCL) has dismissed all allegations made against the company by Sahara Reporters in regards to inappropriate appointment of heads in the Group.
This!-->!-->!-->!-->!-->!-->!-->…
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Seplat’s Current Crisis not Related to Economic Activities – Yuguda
By Adaobi Rhema Oguejiofor
The Director General (DG) of the Securities and Exchange Commission, Lamido Yuguda, has said that the current crisis shaking Seplat, an indigenous Nigerian energy company, has nothing to do with its!-->!-->!-->!-->!-->…
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Shell Denies Violating Nigerian Contract Regulations
By Moses Patience Chat
Shell Companies in Nigeria on Wednesday dismissed allegations that the firm was in violation of Nigerian Content laws in awarding contracts to indigenous players from its hosts communities in the Niger Delta.
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