Industry

The bitumen belt across Ondo, Ogun, Lagos, and Edo states has over 42 billion tonnes of deposits, being the second-largest in the world and almost twice Nigeria’s oil reserves. Vice President Yemi Osinbajo said this at the maiden…
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Nigeria’s National Assembly has been commended for passing the Petroleum Industry Bill PIB. The Nigerian Labour Congress NLC in a statement signed by its President, Comrade Ayuba Wabba, said the Congress “received with relief the news of…
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The Nigeria Liquefied Natural Gas (NLNG) has revealed that Nigeria has the potential to become the world’s number one oil and gas nation if deliberate efforts are put in to actualize that ambition. This was disclosed by the Managing…
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The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to ensuring effective stewardship of the nation’s hydrocarbon resources to guarantee energy security and drive wealth creation in Nigeria. Valuechain,…
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By Teddy Nwanunobi The Department of Petroleum Resources (DPR), on Tuesday, said “legal, institutional, financial, in-sector diversification and indigenous capacity” are the five ways to fortify the Nigerian oil and gas sector for…
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*Constitutes Conference Committee By Teddy Nwanunobi The 9th Senate has assured Nigerians that the recently passed Petroleum Industry Bill (PIB) by the National Assembly will be sent to President Muhammadu Buhari for assent before…
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The Department of Petroleum Resources (DPR) said that it has sealed 103 illegal filling stations and 13 gas plants in Lagos. The filling stations and gas plants located both on the mainland and island axis in Lagos were shut down for…
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The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari has said that the Corporation is galvanising massive investments in the gas sector to meet the energy needs of the country and for exports. He said…
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The Executive Secretary of the Nigerian Content Development and Monitoring Board, NCDMB, Engr. Simbi Wabote has disclosed that the board recovered close to $100 million from oil and services companies in unremitted levy to the Nigerian…
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Pictures by: BASHIR BELLO
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