Industry

Nigeria, Africa’s largest crude oil producer and exporter, expects to end its crude-for-fuel swap deals by 2023 when its refining capacity is set to increase with state refineries revamped and a new refinery built, Mele Kyari, Group…
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The five foreign expatriates rescued by the troops. Credit: Defence Headquarters Troops of Operation Delta Safe have rescued five expatriates that were kidnapped in Yellow Island, Rivers State. The foreigners, comprising three…
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Minister of State for Petroleum Resources, Timipre Sylva, has said that the National Assembly has shifted the Petroleum Industry Bill deliberation to first quarter of next year. According to the minister, the National Assembly said they…
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"We must follow the process. This development runs contrary to Nigeria's laws regulating the oil and gas industry as it does not protect our national interest" The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and…
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By Kurt Davis Jr., banker Can Nigeria’s President employ the strategy of Saudi Arabia's Crown Prince in privatising a state oil corporation? The goal to privatise the Nigerian National Petroleum Company (NNPC) – a state oil…
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Stakeholders in the nation's automobile industry have commended the federal government for its position on Autogas Policy, saying it is a right step in the right direction. The federal government had last month ordered chief executive…
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The 2020 Petroleum Industry Bill (PIB) that is presently before members of the National Assembly will substantially reduce environmental pollution in the oil-producing areas of the Niger Delta when passed into law. Aside a ban on the…
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Africa’s oil and gas industry is facing a financial onslaught as a result of a combination of COVID-19, activist shareholders and the so-called Greening of IOCs such as Shell, Total and BP. While the oil majors all seem to be preparing…
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Nigeria aims to end the country’s so-called oil-for-fuel swaps system in the near future and rely instead on oil products from local refineries, which it hopes to have running again by 2023, the head of Nigeria’s national oil company NNPC…
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The Managing Director of the Nigerian Liquefied Natural Gas (NLNG), Mr. Tony Attah, has said Nigeria’s challenge in the gas sector has never been the shortage of good guidelines and policies, but the will power to execute them. Attah…
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