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*As FG Spends N60bn Annually on Repairs By Teddy Nwanunobi & Aisha Salah Nigeria lost the sum of N4.75 trillion to oil and gas pipeline vandalism in three years, the Federal Government has revealed. This was even as the…
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OPEC+ abandoned its meeting without a deal, tipping the cartel into crisis and leaving the oil market facing tight supplies and rising prices. OPEC+ abandoned its meeting without a deal, tipping the cartel into crisis and leaving the…
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Nigeria is losing an average of 200,000 barrels of oil per day - more than 10% of its production - to pipeline vandalism, the country's information minister said on Monday. Nigeria relies on oil exports for more than half its budget…
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The Nigerian Content Development and Monitoring Board says it has recovered about $100million of undisputed obligations of remittances accruable to the Board between the year 2010 and 2017. Executive Secretary of NCDMB, Engr Simbi…
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Victor Bamidele, Deputy Managing Director, Deep Water District, TotalEnergies, has said that the company has invested over 60 billion dollars in exploration and other projects in Nigeria. Bamidele disclosed at the ongoing Nigeria…
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Senator Matthew Urhoghide, representing Edo South senatorial district in the Senate, has said some people, out of ignorance or mischief, were propagating wrong information different from the facts and provisions of the newly-passed…
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Arewa Youth For United Nigeria Initiative has commended the Chief Operating Officer (COO) Upstream of Nigerian National Petroleum Corporation (NNPC), Engr Adokiye Tombomieye for his exemplary performance in office within the past 12…
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The Major Oil Marketers Association of Nigeria (MOMAN) has indicated interest in lifting refined petroleum products from the soon to be completed $15 billion Dangote Refinery, Lagos. This is as the refinery is expected to produce 50…
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May set tough conditions for emergence of candidates Gbajabiamila seeks synergy between NASS, state assemblies on constitution amendment The shape of the nation’s security and the 2023 general election may change following the…
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The Independent Petroleum Marketers Association of Nigeria, (IPMAN) has described the inclusion of the Petroleum Equalization Fund (PEF) in the newly passed Petroleum Industry Bill (PIB) as a clear demonstration of the sensitivity of the…
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