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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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Freight Rate for trucking aviation fuel also known as Jet A1 from Dangote refinery to the Lagos Airports is eroding the gains of the refinery to local airline operators.Reports have it that Dangote Refinery had in April, 2024,…
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NNPCL The Federal Government is set to commence a fresh audit of the N2.8tn fuel subsidy claim by the Nigerian National Petroleum Company Limited. An audit firm, KPMG, had conducted an initial audit, reducing the claims from N6tn to…
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Osagie Okunbor By Saidu Abubakar Shell has last year, exclusively paid a total of $1.09 billion in corporate taxes and royalties to the Government of Nigeria through the operations of The Shell Petroleum Development Company of…
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