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By Patience Chat Moses Minister of Solid Mineral Development, Mr. Dele Alake, has said that the Federal Government needs funding worth about N70 billion to support solid minerals exploration activities across the country. Mr.…
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In a resolute move to enhance collaboration within Nigeria’s oil and gas sector, the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr Gbenga Komolafe, led a delegation to the Chevron Control…
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The Nigeria Extractive Industries Transparency Initiative (NEITI) has said the focus of its ongoing nationwide audit of the oil, gas and mining companies is targeted at showering domestic resources mobilisation. The executive…
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The newly appointed Co-Chair of the Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB) who is the Minister of State for Petroleum Resources (Gas), Hon. Ekperikpe Ekpo on Thursday in Abuja received in…
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Goldman Sachs on Wednesday said they no longer expect OPEC+ to announce a partial unwind of voluntary production cuts in June. The bank said inventories have recently surprised to the upside, and as a result, their model now…
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•N6trn lost annually to sophisticated tax avoidance scheme The House of Representatives unveiled plans on Thursday to investigate N28 trillion in revenue lost to trade malpractices allegedly perpetrated by rogue foreign companies…
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The House of Representatives has requested that the Central Bank of Nigeria withdraw a circular that mandates all banks to charge a 0.5% Cyber Security levy on all electronic transactions in the country. The circular has been met…
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Lokpobiri In a move aimed at stimulating the oil industry, the Nigerian government, under the leadership of the Minister of State for Petroleum Resources, Mr. Heineken Lokpobiri, has announced the removal of signature bonuses from the…
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In a statement by the Nigerian National Petroleum Company Ltd (NNPC) at the ongoing Offshore Technology Conference (OTC) in Houston, Texas, the company has pledged its continuous commitment to the development of oil and gas…
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As Nigeria’s fuel scarcity lingers, the Chairman, Senate Committee on Petroleum (Downstream), Senator Ifeanyi Ubah, said two refineries – Port Harcourt and Warri – would be fully operational by the end of 2024. He said plans have…
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