Industry

Simbi Wabote By Gideon Osaka There is no denying the fact that when the success story of the Muhammadu Buhari administration will be told, it would be incomplete without reference to the contributions of a transformational, enigmatic…
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The cost of Nigeria’s fuel subsidies rose to 525.714 billion naira ($1.22 billion) in August, bringing the total spent this year to 2.568 trillion naira, according to figures submitted to the government. The ballooning costs of…
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"…Any company with good ESG credential stands better chance of having better community engagement" Speaking at the Centre for Petroleum Information (CPI), Industry Public Symposium (IPS-XVI) with the topic: Do ESG Practices have a…
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The Group General Manager, Public Affairs Division of the Nigerian National Petroleum Company (NNPC) Limited, Garba Muhammad, says the organisation is not aware of the existence of secret account linked to it. Muhammed, who made…
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The Nigerian National Petroleum Company (NNPC) Limited says six international oil companies (IOCs) will remit N380.04 billion next month as proceeds from the sale of domestic crude oil in July 2022. The national oil company made…
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The Senate Adhoc Committee on Petroleum Resources Upstream has said the Nigerian Navy and other security operatives have questions to answer about the massive oil theft going on in the Niger Delta.Q The Chairman of the Committee…
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* FG to inject 10m gas cylinders into circulation by end of 2022 The Minister of State, Petroleum, Chief Timipre Sylva, said yesterday that when the Petroleum Industry Act (PIA) fully takes off, it will provide for a 10-year…
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The Nigeria Customs Service (NCS), Seme Area Command, says it has seized 75,000 litres of petrol, within bushes along Seme and Badagry, in Lagos. Comptroller Bello Jibo, Customs Area Controller, said this in a statement by Mr…
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The President of Petroleum and Natural Gas Workers Association of Nigeria (PENGASSAN), Comrade Festus Osifo, Wednesday, said heads of the Nigerian Military, Police and other security agencies collude to steal crude oil in the Niger…
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The Hon. Speaker of the Federal House of Representatives, Femi Gbajabiamila says Nigeria can no longer condone the theft of its crude oil. He has therefore tasked those responsible for safeguarding the nation’s crude oil to end the…
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