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Nigerian National Assembly has expressed the zeal to pass the Production Sharing Contract bill into law even as a precursor to the determination of the Petroleum Industry Bill (PIB). Chairman of the National Assembly, Senator Ahmad…
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Security operatives seize N1.4bn items, arrest 317 smugglersCustoms: We’ve saved 10m litres of PMS from being smuggled out The Federal Government has banned all importation of goods, whether contraband or not, through land borders until…
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* N1.4bn goods confiscated, says Customs boss The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, yesterday clarified that the closure of all land borders manned by the Nigeria Customs Service (NCS) and other…
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*The Federal Government has said that a target of three million barrels per day of oil production has been set and steps are being taken to realise it before the end of 2023. This is according to the Group Managing Director of the…
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*as lawan assures passage of PIGB next year*insists review of PSC Act a done deal Minister of Petroleum Resources, Timpre Sylva has said reviewing the deep offshore and Inland Basin Production Sharing Contract Act 2004 to meet current…
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The Minister of State for Petroleum, Timpre Sylva, Monday blamed the dwindling oil reserves on none passage of Petroleum Industry Bill (PIB). He disclosed that in 12 years, between 2007-2019, only 500million barrels of oil were added to…
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EFCC may summon beneficiaries on funds receivedMaina releases documents showing how he spent the fund Information eaching us indicates that the embattled former chairman of the Pension Reforms Task Team (PRTT), Abdulrasheed Maina has…
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Country’s consumption dips by 408m litres in 51 days Nigeria has slashed N51.6 billion worth of premium motor spirit (PMS) also known as petrol being smuggling to Republic of Benin and other countries along the region. The country,…
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The Nigerian Liquefied Natural Gas Company (NLNG) has invested over 30 billion US dollars (N10.8 trillion) to build gas facilities and other infrastructures in Bonny Island, Rivers, an official said. Mr Tony Attah, Managing…
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President Muhammadu Buhari flagged off the drilling of Kolmani River II Well was in a rather colourful affair on February 2, 2019. After just seven months of drilling activities, NNPC has announced the discovery of hydrocarbon deposits…
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