Finally! Fuel Subsidy Gone
By Benjamin Ike
On May 29, Asiwaju Bola Ahmed Tinubu was sworn in as president to lead Africa’s largest economy after clinching the February 25 presidential election. On assumption of office, Tinubu was expected to take one of the!-->!-->!-->!-->!-->…
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Funmi Ogbue Managing Director, Zigma Ltd
By Danlami Nasir Isah
Funmi Ogbue is the Managing Director of Zigma Ltd an Oil and Gas Service company providing engineering, procurement, and construction services. She is also the founder of Jake Riley with its focus on public!-->!-->!-->!-->!-->…
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Will Dangote Refinery Worsen Nigeria’s Downstream Oil Sector Problems?
BY Gideon Osaka
The recent commissioning and imminent commencement of petroleum product supply from the Dangote Refinery has continued to elicit excitement and expectations among Nigerians, industry operators, government officials!-->!-->!-->!-->!-->…
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How Inflation Eroded Petroleum Contracts Value by 50%
By Yange Ikyaa
The entire contract value of the global oil and gas industry dropped by nearly half in the first quarter of 2023, resulting from rising inflation and increased capital cost borrowing.
This is according to a report!-->!-->!-->!-->!-->!-->!-->…
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Nigeria Loses Golden Opportunity in Global Energy Transition Market
By Yange Ikyaa
The ongoing Ukraine war and ensuing sanctions imposed on Russia, which remain the most extensive in world history, have resulted in widespread instability in the oil and natural gas markets, driving well-documented!-->!-->!-->!-->!-->…
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NNPC Announces New Retail Price for PMS Across Nigeria
By Adaobi Rhema Oguejiofor
The Nigerian National Petroleum Company (NNPC) Limited has ordered all oil marketers to adjust the retail price for premium motor spirit (PMS) to a range between N488 to N557 per litre across Nigeria.
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No Price Cap on PMS Pump Price in Nigeria – NMDPRA
By Adaobi Rhema Oguejiofor
The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has said that it would not place any price cap on the sale of petroleum products at the pump!-->!-->!-->!-->!-->…
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FG Changes Date for Verification of PHCN Ex-Staff
By Moses Patience Chat
The Federal Government, through the Bureau of Public Enterprises (BPE), has changed the verification date for ex-staff of the defunct Power Holding Company of Nigeria (PHCN). This new date also covers the!-->!-->!-->!-->!-->…
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Chevron Nigeria Debunks Recruitment Exercise
By Adaobi Rhema Oguejiofor
Chevron Nigeria Limited, one of the largest oil producers in Nigeria, has discredited the circulation of false recruitment information on several media and online channels supposedly advertising job!-->!-->!-->!-->!-->…
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Kwara Govt Announces Sanctions Against Petrol Hoarding by Marketers
By Moses Patience Chat
Chairman of the Nigerian Governors’ Forum (NGF) and Governor of Kwara State, AbdulRahman AbdulRazaq, has warned oil marketers to avoid inflicting unnecessary hardship on citizens through the creation of!-->!-->!-->!-->!-->…
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