Minister of Petroleum Resources Mrs Diezani Alison-Madueke says the nation’s oil reserve could grow to 40 billion barrels by 2020 with daily…
Category:
Oil and Gas
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EconomyNewsOil and Gas
Oil companies underpaid FG $2.33 billion, as NNPC pocketed $3.789bn dividend from LNG
By Omoh Gabriel Nigeria Extractive Industry Transparency Initiative has disclosed that from its audit report between 2006 and 2008 the Nigerian National…
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Ms Christine K, the Director of HeinrichBoll Foundation in Nigeria and West Africa, said in Abuja that Nigeria loses 2.5 billion dollars…
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The volume of shares traded on the Nigerian Stock Exchange (NSE) depreciated by 43 per cent on Tuesday. The turnover volume dropped…
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EconomyNewsOil and Gas
Fuel Subsidy Probe: Presidential Committee recommends recovery of N382bn from 21 companies
The Presidential Committee on Verification and Reconciliation of Fuel Subsidy Payments submitted its final report to President Goodluck Jonathan on Tuesday in…
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The Economic and Financial Crimes Commission (EFCC) will on Wednesday in Lagos arraign some oil marketers and their companies for their alleged…
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President Goodluck Jonathan has sent the latest draft of the wide-ranging Petroleum Industry Bill (PIB) to parliament for debate, the oil minister…
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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…