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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NDDC Plans $27.3bn Infrastructure Development
Samuel OgbukuManaging Director, NDDC
By Moses Patience Chat
About $27.3bn funding is being targeted to finance power and roads infrastructural projects in the Niger-Delta region by the Niger Delta Development Commission (NDDC),!-->!-->!-->!-->!-->…
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NNPC/SNEPCo JV Partners Irede Foundation to Support Special Need Pupils
By Fred Ojiegbe
The Nigerian National Petroleum Company Limited, in partnership with Shell Nigeria Exploration Company Limited (NNPC/SNEPCo), has been working with The Irede Foundation to support pupils living with disabilities.!-->!-->!-->!-->!-->…
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CLIMATE CHANGE AND THEGEOPOLITICS OF ENERGY TRANSITION:PROCEEDINGS OF THE 12TH EMMANUEL EGBOGAH…
Professor Omowumi O. Iledare
1.0 PREAMBLE:
On Thursday, September 14, 2023, a galaxy of stars from the petroleum industry, government, and academia gathered in the Emmanuel Egbogah Auditorium at the Emerald Energy Institute!-->!-->!-->!-->!-->…
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Get Refineries to Work at all Cost — Prof. Ibe Kachikwu
Prof. Emmanuel Ibe Kachikwu is a former Nigerian Minister of State for Petroleum Resources, and former Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC). In this interview with Yange Ikyaa, he narrates!-->!-->!-->…
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From Government to Quasi-government: NNPCL’s Corporate Governance Dilemma
Two years after its transformation to a commercial, profit-driven entity from a public corporation, the enabling guarantees secured from the Petroleum Industry Act and the Company and Allied Matters Act have remained inadequate in!-->!-->!-->…
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Nigeria, Others Require $2tn to Achieve Net-Zero Emissions – IMF
By Adaobi Rhema Oguejiofor
The International Monetary Fund (IMF)
has said that Nigeria and other emerging economies will need about $2 trillion annually by 2030 in order to achieve the ambition of transitioning to net-zero!-->!-->!-->!-->!-->!-->!-->…
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HCDT Will Suppress Unrest, Oil Asset Destruction – NUPRC
By Adaobi Rhema Oguejiofor
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has assured that the Petroleum Industry Act (PIA), which made provisions for Host Community Development Trust (HCDT) under section 20 of the!-->!-->!-->!-->!-->…
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FG Removes VAT on Diesel for Six Months
By Patience Chat Moses
The Federal Government has announced the removal of value-added tax (VAT) on diesel for the next six months as part of measures to cushion the effects of the removal of the petrol subsidy on Nigerians.
The!-->!-->!-->!-->!-->!-->!-->…
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