The Emir of Kano, Malam Muhammadu Sanusi II, on Thursday said that stopping oil subsidy would go a long way in stopping…
Category:
Oil and Gas
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The crash in the global price of crude oil has impacted negatively on the performance of the oil and gas sector in…
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NNPC appoints 4 new Group Executive Directors, MDs, trims top management staff
The Management of the Nigerian National Petroleum Corporation (NNPC) has appointed four new Group Executive Directors to man the four new directorates…
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The Federal Government has appointed Mr Mordecai Danteni Ladan, to oversee the activities of the Department of Petroleum Resources (DPR), a statement…
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BusinessEconomyFinanceNewsOil and Gas
Petroleum products depot owners, marketers edgy over unpaid N291bn subsidy claims
Depot owners and Petroleum Products Marketers Association (DAPPMA) on Wednesday expressed worries over what they called outstanding N291 billion subsidy claims to…
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Oil companies in Nigeria are to undergo a new licensing round, as the Federal Government yesterday, stated that it plans to separate…
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Nigerian Extractive Industry Transparency Initiative, NEITI, Monday, indicted the Federal Government for the high rate of corruption in the hydrocarbon sector of…
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Oil eased toward $66 a barrel yesterday after reaching a 2015 high, as ample current supplies and weak Chinese factory activity countered…
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The forensic audit conducted by PWC on NNPC to ascertain the veracity of the alleged missing $20 billion from the Federation account…
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Major oil marketers have warned that fuel scarcity may linger for a while as the federal government has not paid what it…
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The Federal Government, yesterday, cut down the importation of premium motor spirit, also called petrol, by 50 per cent for the period…
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In its determination to deepen the development of the renewable energy, the African Development Bank, AFDB, has offered to provide a support…
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Federal government of Nigeria has reduced electricity tariff by over 50% with just days to the presidential elections, which is expected to…
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The Republic of Cote D’ Ivoire has signaled its intention to procure Liquefied Natural Gas (LNG) supplies from Nigeria in support of…
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BusinessEconomyFinanceNewsOil and Gas
PIB: Senate committee proposes privatisation of refineries in two years
The Senate Joint Committee on the Petroleum Industry Bill, PIB, yesterday, disclosed that it has finished working on the Bill and is…