Nigeria, Benin, Niger raise joint team on border reopening
A joint patrol team comprising Nigeria, Benin and Niger Republic will set up a date for the opening of the borders, the countries said on Thursday.
The patrol team was set up by the tripartite committee of the three countries on border!-->!-->!-->…
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PTDF, stakeholders brainstorm on oil sector laws
The Petroleum Technology Development Fund (PTDF), in collaboration with the Federal Ministry of Justice and other stakeholders, has harped on the need for lawyers to be informed on emerging trends in the oil and gas industry.
Speaking!-->!-->!-->…
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NNPC secures $1.16m US grant for 1,350MW Abuja Power Plant
The Nigerian National Petroleum Corporation (NNPC) and the United States Trade and Development Agency (USTDA) have concluded arrangement to sign a $1.16 million grant as part funding for the NNPC-Abuja Independent Power Project!-->…
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Nigeria’s oil thieves hold sway amid weak penalties
*Oil thieves have continued to have a field day in Nigeria, rocking the nation’s main source of revenue undaunted by the existing penalties
The theft of crude oil and petroleum products has increased in recent months in the country,!-->!-->!-->…
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Local content will cut unit cost of crude oil production -Sylva
*Nigeria’s high production cost per barrel of crude oil, considered one of the highest in the world, is a concern to the Federal Government. In view of this challenge, the Minister of State for Petroleum Resources, Chief Timpre Sylva, has!-->…
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President Buhari Meets With Pearson Group In London
President Muhammadu Buhari on Wednesday met with the management of Pearson Education Group in London, the United Kingdom.
The picture of the meeting was shared by the Special Assistant to the President on New Media, Bashir Ahmad, on his!-->!-->!-->…
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FG set to tax oil firms’ dividends
If the Finance Bill submitted by President Muhammadu Buhari is passed by the National Assembly, it would remove the tax exemption on dividends paid from the profits of oil companies.
The Minister of Finance, Budget and National!-->!-->!-->…
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Court gives EFCC 4 months to extradite former Petroleum Minister from UK
The Federal High Court in Abuja has given the Economic and Financial Crimes Commission an ultimatum of four months to extradite Diezani Alison-Madueke, a former Minister of Petroleum Resources, to Nigeria from the United Kingdom.
The!-->!-->!-->…
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NNPC, Other Petroleum Industry Stakeholders Move to Curtail Tanker Fire Incidents
As part of measures to ensure safety and smooth operation in the petroleum products distribution value chain, the Nigerian National Petroleum Corporation (NNPC), in collaboration with other stakeholders in the Petroleum Industry and!-->!-->!-->…
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NNPC Assures of Transparency in Selection of Lead Insurer for Oil Assets
The selection of insurer for the Nigerian National Petroleum Corporation’s (NNPC) assets in the 2020/2021 would be transparent, just as is the practice in other areas of the corporation’s operation nationwide, the National Oil Company has!-->…
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