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Minister of State Petroleum Resources Chief Timipre Sylva has urged Niger Delta youths to be at the vanguard of promoting peace in the region to be able to attract investment and developments. Speaking during a courtesy call on him by…
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Nigeria’s parliament on July 1, 2021 voted to approve a long-delayed oil and gas law that aims to attract new foreign investment to the OPEC country’s petroleum industry. The Petroleum Industry Bill or PIB had been under review in the…
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Sudan has increased fuel prices for the first time since subsidies were removed, energy minister Jadein Ali Obeid said on Thursday. The price of gasoline went up from 290 Sudanese pounds per litre to 320 pounds, while the price of…
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…received N424bn 13% derivation in 2020 Akwa Ibom, others top debtors’ list Despite receiving huge allocation in the sum of N424 billion in 2020 and much more in previous years as their share of 13 per cent derivation principle, eight…
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·       Senate approves 3% for host community ·       Meets Sylva, Kyari behind closed doors ·       Chambers adjourn till July 6 By Teddy Nwanunobi The duo of the Senate and House or Representatives, on Thursday, passed the…
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Crude oil production in Nigeria fell by 6.32 percent to 1.344 million barrels per day in May, 2021 compared to 1.429 million barrels per day recorded in April 2021, latest data from the Organization of Petroleum Exporting Countries, OPEC,…
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The OPEC+ group of oil-producing countries will meet on Thursday and are expected to agree to boost production in August in order to meet demand and dampen recent price rises. While improvement in demand drove the group’s most recent…
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...The Senate has passed the Petroleum Industry Bill known as PIB The bill was passed during the plenary on Thursday after careful consideration of each of the clauses. The Senate before passing the bill met behind closed doors with…
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...The House of Representatives on Thursday passed the long awaited Petroleum Industry Bill after considering and adopting the bill’s 318 clauses Speaker of the House of Representatives, Femi Gbajabiamila said the electoral act…
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...The 23-year-old will miss the Tokyo Olympics after the highest court in sports overturns a ruling that last year cleared her Bahrain’s 400-metre world champion, Salwa Eid Naser has been banned for two years and will miss the Tokyo…
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