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A Central Bank of Nigeria’s (CBN) report has said that the Federal Government earned about N16.647 trillion from the petroleum industry, including crude oil and gas sales, royalties, petroleum profit tax, (PPT), and other sources from May…
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The Minister of State for Petroleum, Mr Timipre Sylva, on Thursday assured Nigerians that the Federal Government has no immediate plans to remove fuel subsidy. The minister made this known while fielding questions from legislators at a…
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The sum is the estimate of what the attorney general of the federation, Abubakar Malami, believes the country should have received, from a review of the revenue sharing formula in the Production Sharing Contracts signed with the firms in…
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The Director-General/Chief Executive Officer of National Oil Spill Detection and Response Agency (NOSDRA), Idris Musa, has said proceeds from illegal bunkering might have been used to finance militancy or insurgency. He said such…
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The Federal Executive Council has approved N5.4bn for the construction of oil and gas parks and indoor shooting range for aviation security. The Minister of State for Petroleum, Chief Timipre Sylva, spoke on the oil and gas project…
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Minister of State for Petroleum Resources, Timiprey Sylva, yesterday declared that it is impossible for the Federal Government to recover a total $62 billion from International Oil Companies (IOCs) being revenue lost to oil exploration…
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The Federal Government of Nigeria has issued licences for six modular refineries to commence operations in the country. Senior Special Assistant to the President on Niger Delta Affairs, Mr. Edobor Iyamu, disclosed this in Uyo, on…
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The latter is a Nigeria focused upstream oil and natural gas exploration and production company listed on the AIM in London with operational offices in Abuja, Nigeria and Aberdeen, Scotland. In a statement yesterday, Eland said the…
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Nigeria’s Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has explained that the 2020 national budget estimate was based on $57 per barrel in order to contain the price shocks from expected oil glut of 2020. The…
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The 9th edition of the Practical Nigerian Content (PNC) Forum, organised by CWC Africa in partnership with the Nigerian Content Development and Monitoring Board will take place from 2 – 5 December 2019 in Yenagoa, Bayelsa State. …
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