News

The Nigeria oil and gas industry is still a major investment destination in Africa grossing over 24.8 per cent of foreign direct investments coming to the African continent. This was disclosed in a press release issued by the Group…
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Nigeria’s largest independent oil producer plans to spend as much as $5 billion to boost its oil and natural gas production in the next five years. Aiteo Eastern E&P Co. plans to drill new oil wells and re-open existing ones as it…
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Barely one and half years after the Nigerian Content Intervention Fund (NCIF) was launched by the Nigerian Content Development and Monitoring Board (NCDMB), provided financial assistance to indigenous firms operating in the oil and gas…
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The Organisation of Petroleum Exporting Countries (OPEC) in Vienna on Monday re-elected Nigeria’s Mohammed Barkindo as Secretary-General for a three-year tenure. The oil bloc also approved a nine-month extension for the global oil cut. …
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The Executive General Manager, Egina Close Out/Preowei Project, Total E&P Limited, Engr. Kayode Akioye, on Monday accused insurance firms in the country of not doing enough to grow the oil and gas sector. He urged the players in the…
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The Nigerian Content Development and Monitoring Board, NCDMB, Monday, disclosed that from September, it would begin the clampdown of oil and gas companies operating in the country, who are defaulting in the remittance of the one per cent…
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For development in the country, Total Nigeria PLC has called on the Federal Government to ensure the enforcement of local content which would help to drive economic growth. General Manager, Nigeria Content Development, Total Exploration…
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*Lists NPDC’s increased output, boost to gas production as major achievements Retiring Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Maikanti Baru, has said he would do more for Nigeria even in…
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The Federal High Court in Abuja on Monday issued a bench warrant for the arrest of the President of the Nigeria Football Federation Amaju Pinnick and four other officials of the football body. Justice Ijeoma Ojukwu issued the order of…
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The nation’s power grid recorded its eighth total collapse this year on Sunday, plunging consumers across the country into blackout for some hours. The government-owned Transmission Company of Nigeria, which manages the grid, blamed…
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