News

…As Governor Uzodinma, traditional rulers pledge support Foremost indigenous energy company, Seplat Petroleum Development Company Plc, has reaffirmed its resolve to developing communities in Imo State, where it has operations, and…
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The existing fiscal terms and other fiscal laws in Nigeria may not necessarily attract investors, except the ongoing reforms in the sector are completed and passed into law expeditiously with flexible royalty, effective optical tax rates,…
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A team of lawyers at the Nigerian Ministry of Justice has finalised the draft of the long-awaited Petroleum Industry Bill and sent it off to the National Assembly, the country’s bicameral house of legislature. The frame of the document…
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The newly-appointed Chairman of the Board of Directors of Nigeria LNG Limited formally assumed duty on Sunday, following a ceremony at the Corporate Head Office of the company in Port Harcourt, Rivers State. A statement by Eyono…
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The immediate past Attorney-General of the Federation, Mr. Mohammed Bello Adoke (SAN) has applied to the Commercial Court of the Property and Business Courts of England and Wales for the redaction of the witness statements of his…
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The Nigerian National Petroleum Corporation (NNPC) is optimistic about the future of a proposed $2.3billion domestic gas market as well as plans to rehabilitate the country's refineries. NNPC Group General Manager, Corporate Planning and…
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Shell Petroleum Development Company (SPDC) has appealed the asset sale judgement against it. The company said it is very disappointed that the Rivers State High Court affirmed the enforcement of the purported sale of interests in SPDC’s…
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…Budgets must downscale oil income Government should begin deemphasizing the role of petroleum resources in the funding the nation’s annual fiscal projections and instead apply the commodity in catalyzing domestic industrial activities…
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The Nigeria National Petroleum Corporation (NNPC), has said that it has gained traction and reduced it’s JVC cash call debt from $5 billion in 2015 to $3 billion in five years.This NNPC attributed to the efficient business plan put in…
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Siemens AG’s overhaul of Nigeria’s electricity grid is attracting interest from private companies seeking to invest in power production, the head of the German company’s local unit said. Siemens signed a contract with the government…
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