President Goodluck Jonathan has sent the latest draft of the wide-ranging Petroleum Industry Bill (PIB) to parliament for debate, the oil minister…
Category:
Oil and Gas
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Nigeria’s government owes Nigeria National Petroleum Corporation for improper, informal loans used to cover a range of expenses, from a presidential helicopter…
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President Goodluck Jonathan has approved the constitution of a new board of directors for the Nigerian National Petroleum Corporation (NNPC). A statement…
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Equity transactions at the Nigerian Stock Exchange (NSE) opened on Monday on a positive note, as some highly capitalised companies recorded increases…
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The Presidency has expressed concern over the circulation of a fake document purported to be the new Petroleum Industry Bill (PIB). A…
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Nigeria’s Federal Executive Council has approved a final draft of the revised Petroleum Industry Bill (PIB), which will be sent to President…
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Deputy Governor of Abia State Nigeria; Mr Emeka Ananaba has called on the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) to resolve…
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Chevron Corp. left workers pleading to be evacuated from a gas exploration platform off Nigeria which kept drilling as smoke poured from…
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EconomyNewsOil and Gas
Nigerian Content, Shell, equipment manufacturers to inject $62m into oil and gas sector
The Nigerian Content Development and Monitoring Board (NCDMB) and Shell Petroleum Development Company have signed an agreement with five equipment manufacturers to…
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The Supreme Court in Abuja on Tuesday confirmed Akwa Ibom as the owner of the 76 offshore oil wells claimed by Cross…
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Nigerian light sweet continued to be under pressure with demand for July and August loading remaining slack while India, the biggest Asian…
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NewsOil and Gas
FG sets up fuel subsidy payments verification and reconciliation committee, with July 13 deadline
In a further move towards the fulfillment of his pledge to Nigerians that no person or organization guilty of fuel subsidy fraud…
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Reports from international oil market said that Sweet crude sold at a steady pace for August loading in the West African market,…
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EconomyNewsOil and Gas
Senate orders NNPC, CBN to close all Foreign Accounts of proceeds of crude oil
Nigeria National Petroleum Corporation (NNPC) has disassociated itself from ownership of a secret foreign account with American bank, J.P. Morgan. This development…
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Federal Government of Nigeria is set to give more bite to its local content pursuit by awarding nearly half of its $60…