Investigation

In the Ago Egun Bariga area of Nigeria's commercial capital, Lagos, there is no road, no electricity, no running water and no rubbish collection. Now that high grass has blocked access to the water, there is no work either. The…
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Stakeholders in the economy, especially the oil and gas sector, have renewed the push for total deregulation of the downstream oil industry. Their worry is that the huge foreign exchange (forex) spent on fuel importation through subsidy…
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*The refineries have continued to be a drain to the economy The federal government’s Economic Recovery and Growth Plan (ERGP), which contains the road map for Nigeria’s economic development, has already failed in its target of revamping…
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Oil prices will continue to be under pressure in 2019, but they won’t collapse, as was the case back in 2016. The world’s major suppliers, Russia, Saudi Arabia, and China will continue to pump more oil into the market, as a slow-down in…
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As the country journeys through the new year 2019, analysts, industry operators and stakeholders in the Nigerian economic sector examine into the issues that the government should focus on in its drive to grow the lot of the country -…
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Analysts at FSDH Merchant Bank Limited have said electricity and the pump price of premium motor spirit (PMS) are two key prices that the federal government will need to adjust this year in order to free up funds for developmental…
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*Losses hit N488bn in 11 months *Weak investment threatens outlook DESPITE its 202 trillion standard cubic feet, scf, gas reserves, Nigeria has not been able to harness enough of its gas for power generation, as a result of many…
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The importance of health safety and environment cannot be overemphasised in the global oil and gas industry. It underscores the need for operators in the industry to be alive to the primordial responsibilities which add value to lives…
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Western Canada is producing 365,000 bpd more crude oil that current pipeline capacity can handle, a new report from the National Energy Board has revealed. According to the authority, as of September this year, Western Canada…
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The Nigerian government incurred N623.17 billion on petroleum products supply under-recovery cost between January and November this year, a summary of the monthly estimates of the expenditure by the Nigerian National Petroleum Corporation…
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