News

Most of the major players in the downstream sector of the nation’s oil and gas sector saw their profits tumble in the first six months of this year, as they lamented that their margins “are eroding”. An analysis of the financial…
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The Economic Financial Crimes Commission (EFCC) Thursday arraigned four persons for their alleged involvement in the Process and Industrial Development Nigeria Limited (P&ID) deal with the Nigerian government. The suspects, whom the…
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The Acting Chairman of the Economic and Financial Crimes Commission (EFCC) Ibrahim Magu on Wednesday, revealed that a former Attorney-General of the Federation and Minister of Justice, Mohammed Bello Adoke, SAN, has a case to answer…
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Oil workers under the aegis of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) have raised the alarm over threats from the Office of the Accountant…
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Nigeria’s quest to meet its 2.3 million barrels per day (bpd) oil production target for 2019 suffered a huge setback as the country has lost about seventy five million five hundred and four thousand dollars ($75,504,000) in eight days over…
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Nigeria Liquify Natural Gas (NLNG)The execution of the $17 billion Nigeria Liquefied Natural Gas (NLNG) Train 7 project will at its peak create over 40,000 direct and indirect jobs, the Executive Secretary of the Nigerian Content…
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Crude oil vandals in the Niger Delta are said to be upgrading their tactics in order to remain a step ahead of security agencies, Shell Petroleum Development Company Nigeria Limited (SPDC) has said. Disclosing this at a media workshop…
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*STABILIZATION OF THE FEDERAL CIVIL SERVICE President Muhammadu Buhari has approved the appointment of Dr. Mrs. Folashade Yemi-Esan as the Acting Head of the Civil Service of the Federation with immediate effect. Dr. Mrs. Yemi-Esan,…
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Data obtained from the National Bureau of Statistics (NBS) has shown that the nine (9) Oil Producing States in Nigeria shared a total N302.8 billion from the federation account through the 13% derivation formula. According to…
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The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), says the removal of Value Added Tax (VAT) on cooking gas by the Federal Government will deepen market penetration, boost the country’s economy and protect the…
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