NCDMB Harps on In-Country Value Addition
As Winners Emerge in Board's National Essay Competition
First prize winner of the 7th Nigerian Content Annual National Undergraduate Essay Competition, 2023, Miss Iruoma FavourLazarus, with the Manager Corporate Communications, Nigerian!-->!-->!-->…
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NCDMB Warns Against Divestment Of Assets, Non-Compliance By NOCs, Others
By Saidu Abubakar
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has warned against the ongoing and planned divestments of onshore assets by some international!-->!-->!-->!-->!-->…
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NUPRC Lists Priority Areas to Increase Oil Production
By Patience Chat Moses
The Commission Chief Executive (CCE) of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Gbenga Komolafe, has listed key policy initiatives which the Commission has identified as major drivers!-->!-->!-->!-->!-->…
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MOMAN Calls For Shift In Alternative Energies As Petrol Landing Cost Soars
By Patience Chat Moses
The Major Oil Marketers Association of Nigeria (MOMAN) has called for adoption of alternative energy sources, and cautioned against return of subsidy in any guise even as the landing cost of petrol!-->!-->!-->!-->!-->…
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REA Electrifies 7 Million Households with N418bn Facility
By Adaobi Rhema Oguejiofor
The Rural Electrification Agency (REA) has stated that about seven million households have been connected to electricity through the Nigeria Electrification Project (NEP) in the last four years.
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Petrol Landing Cost Hits N720/litre, Depots Abandoned
By Adaobi Rhema Oguejiofor
Oil marketers under the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) have said that many petroleum product depots are currently being abandoned due to the lack of products caused by!-->!-->!-->!-->!-->…
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FG to Convert 10 million Petrol-powered Vehicles to CNG
By Adaobi Rhema Oguejiofor
The Federal Government has said that it would convert 10 million petrol-powered vehicles to Compressed Natural Gas (CNG) powered vehicles in the next three years.
This was contained in a statement by!-->!-->!-->!-->!-->!-->!-->…
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Petroleum Industry Act Issues Arising Two Years After
By Suraj Oyewale, Peter Okediya & Emmanuel Afi mia
Introduction
he signing of the Petroleum Industry Act (PIA) into an Act of the Nigerian Parliament on 16 August 2021 by President Muhammadu Buhari was welcomed with mixed!-->!-->!-->!-->!-->!-->!-->…
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Unremitted Revenue Rises to $9.85bn, NEITI Latest Report Reveals
—80% of the financial liabilities are owed by the NNPCL
—The Federation earned $23.04billion in 2021 with $13.2billion or 57.27% of total revenue shared to the federating units after deductions
—Report urges computation of 13%!-->!-->!-->!-->!-->!-->!-->…
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Expert Avails CBN Anti-Inflationary Options
An Adjutant Professor of the North Dakota University, USA, Engr. Dr. Wisdom Patrick Enang, has enjoined the Central Bank of Nigeria (CBN) to devise other means of reducing inflation beyond raising the Monetary Policy Rate (MPR), in!-->!-->!-->…
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