Industry

"The declaration provides the fulcrum for focusing effort and resources required at making gas the centrepiece of Nigeria’s economy by 2030" Timipre Sylva, Nigeria’s minister of state for Petroleum Resources has indicated that…
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The Department of Petroleum Resources (DPR) has promised to record N500 million increase over the N2.7 trilion revenue generated in 2020. Through this, DPR is targeting N3.2 trillion revenue in 2021, its director, Sarki Auwalu, has…
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By Teddy Nwanunobi Oil prices, on Monday, surged again, extending multi week gains as an energy crisis gripping major economies shows no sign of easing, amid a pick-up in economic activity and restrained supplies from major…
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"Such an attempt to deny them is null, void, and of no effect, because they are ready to resist it, using all legal means" By Teddy Nwanunobi No fewer than 17 local communities of Eastern Obolo Local Government Area of Akwa Ibom…
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By Teddy Nwnunobi Oil revenues, which have, for years, contributed the most to the Federal Government’s revenues is currently lagging behind non-oil revenues, averaging 61 per cent over the last decade Data from the public…
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“Our clients have instructed us to remind you that the Federal Government has not enforced the above-mentioned Judgment of the Supreme Court of Nigeria delivered on October 20, 2018" By Teddy Nwanunobi Human rights lawyer and a…
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"Our Petroleum Tanker Drivers are hereby directed to continue providing services for the efficient and effective distribution of Petroleum products to homes and workplaces across the country" The leadership of the Nigeria Union of…
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"Having recognised that the major reason slowing down the rehabilitation of the road networks in the country is the paucity of funds" By Teddy Nwanunobi The Nigerian National Petroleum Corporation (NNPC) has called on the…
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“As the world decarbonises, the shift away from oil, gas, and coal will pose risk to the value of the wealth of countries that are already abundant in nonrenewable energy" By Teddy Nwanunobi The World Bank Group has said that the…
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By Teddy Nwanunobi Nigeria's Vice President, Prof. Yemi Osinbajo, has said that the plan to defund gas projects in the run up to the global net-zero emissions target will be unhelpful to developing countries, such as Nigeria. …
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