Industry

The financial pressure on the three tiers of the Nigerian government is escalating as deductions from the oil revenue, the major source of inflow to the Federation Account, rise sharply. The Vanguard Public Finance Report findings…
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The Federal Government through the Nigerian National Petroleum Company Ltd is planning massive investments in pipeline infrastructure that will deliver gas from Nigeria to Europe through the North African region. The Group Managing…
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Between October 2021 and February 2022, huge volumes of crude oil stolen from the Trans Niger Pipeline in Nigeria.The development has prompted condemnation from major sectors in the Nigerian oil and gas sector, including Tony Elumelu…
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The Nigerian National Petroleum Company Ltd. (NNPC), has strengthened collaboration with the Joint Security Task Force and other stakeholders to tackle oil theft and illegal refineries in Nigeria. The NNPC said the combined efforts…
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A former the Secretary-General of the Organisation of the Petroleum Exporting Countries (OPEC) King Edmund Daukoru, has urged host oil communities to support investors and companies in their domain and refrain from burdening them with…
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In recent weeks the rising oil prices has escalated the amount of theft, and owners of oil and gas companies are no longer having itThey are calling on the federal government to help as most of what they produced are stolen by unknown…
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By YANGE IKYAA Seplat Energy Plc, a leading indigenous energy company and its partners, the Nigerian Petroleum Development Company (NPDC), have awarded certificates to a total of 220 people, comprising 214 teachers and 6 Chief…
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The International Monetary Fund, IMF has named the fear of political resistance, widespread corruption and pressure from interested groups is hampering the removal of fuel subsidy in Nigeria. The IMF said this in its ‘Nigeria:…
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As scarcity of the Premium Motor Spirit (PMS) persists in the Federal Capital Territory (FCT), tanker drivers and other haulage vehicles under the aegis of the Nigerian Association of Road Transport Owners (NARTO) may begin full…
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Parent company of Nigerian Agip Oil Company, NAOC, has lifted force majeure on Brass terminal, Bonny NLNG and Okpai power plant following restoration of the Ogoda/Brass 24″ oil pipeline at Okparatubo, Nembe Local Government Area,…
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