The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has raised the alarm that newly inaugurated Dangote Petrochemical Refinery, Port Harcourt Refinery, Warri Refinery, Kaduna...
Nigeria’s inability to maximise its oil and gas production quota has forced the International Monetary Fund (IMF) to downgrade the country’s economic growth by 0.3 percentage...
The 2021 audit reports of the Nigeria Extractive Industries Transparency Initiative (NEITI) for the oil and gas industry has revealed that Nigeria earned a total of...
The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Dr. Ogbonnaya Orji, said on Tuesday the country earned $741.48 billion from oil and gas...
The National Bureau of Statistics (NBS) says the oil and gas industry was one of the top credit allocations for private sector businesses in 2021 in...
Oil and gas companies have been obliged to seek loans from Nigerian banks as vandalism cuts into their revenues. According to data from the Central Bank...
Oil and gas companies operating in the Niger Delta spilled 1,545 barrels of crude oil, an equivalent of 246,000 litres, in three months, from January to...
Vice-President Yemi Osinbajo has revealed that the country has reduced its dependence on oil exports in its diversification drive to boost revenues. Osinbajo made this comment...
A joint coordination committee is working on a plan that will reveal the identity of the real owners of oil, gas and mining assets in the...
The Nigerian Senate has decried the dominance of foreign operators in the employment of personnel in the nation’s diving sector. Specifically, the Chairman, Senate Committee on...
The indebtedness of oil & gas and electricity companies in the country to banks as of third quarter end climbed by N200 billion to N5.85 trillion,...
The non-performing loans portfolio of Nigerian banks stood at N1.17 at the end of the third quarter, N42.4 billion or 3.5% lower than the N1.21 trillion...
There were no key investment decisions taken on deepwater oil and gas exploration in the Nigerian energy industry between 2015 and 2019, much as opportunities for...
The equity segment of the Nigerian Stock Exchange rallied on Wednesday as bank stocks dominated trade even though turnover, as it had been in recent time,...
Gas flare actions across oil and gas sites in the country cost Nigeria $779 million in the first half of 2020, data from Nigerian Gas Flare...
Analysts at merchant bank and asset manager, FBN Quest said in a note titled ‘Downstream Oil and Gas at a Crossroads and Due for Favourable Policy...
The equity market of the Nigerian Stock Exchange (NSE) racked up further loss this week following a decline in the total value of stocks by N9.757...
The Nigerian bourse was largely bearish this week, posting losses Monday through Thursday as there were persistent profit-taking efforts among investors, which increasingly weakened the market...
The Nigerian government has firmed up plans to ensure strict implementation of its policies on expatriate quota in the oil and gas sector by keeping foreign...
The fiscal ambition of the Muhammad Nami-led Federal Inland Revenue Service (FIRS) took another dimension Tuesday as the FIRS chief declared the service intended to generate...
Oil and gas exploration firm, Lekoil Limited, has announced that it has entered into an agreement with Optimum Petroleum Development Company, operator of Oil Prospecting Licence...
The National Bureau of Statistics (NBS), in its latest report, has revealed that the volume of electronic transactions recorded by banks between July and September this...
The identities of Vice-President Yemi Osinbajo’s aides reportedly sacked by the Presidency on Wednesday had been made public. The sacked aides received their disengagement on Wednesday...
A Nigerian, Uduak-Joe Ntuk, has been appointed the oil and gas supervisor at the US state of California. The Governor of California, Gavin Newsom, who announced...
Former Governor of Central Bank of Nigeria (CBN) Prof. Charles Soludo, on Tuesday said Nigeria’s economy was still dwindling as the government had failed to consider...
The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mele Kyari, has said that foreign invesment flow into the sector will continued to be...
Senegalese President Macky Sall has said that his administration would uncover the truth after a BBC report alleged his brother Aliou Sall had been involved in...
The Nigerian National Petroleum Corporation (NNPC) says it has no plans of relocating its Gas Marketing Subsidiary, Nigerian Gas Marketing Company Limited (NGMC), from Warri to...
In a bid to take the fight against fraudulent activities in extractive industry, especially the oil and gas sector, a step further, the Nigeria Extractive Industries...
Following reports of a pipeline explosion in Nembe, Bayelsa, Aiteo Exploration Ltd has confirmed the incident, assuring that no life was lost in the Friday explosion...
Figures from the Central Bank of Nigeria (CBN) has shown that Nigeria earned a total of N5.54 trillion from oil and gas revenue in 2018. According...
The Nigerian National Resources Charter (NNRC) has revealed that the oil and gas sector in the country surffered huge setback in its bid to attract Foreign...
The annual report of Moody’s Investors Service has predicted that prices of Oil and natural gas will be volatile in 2019. The report, which outlined key...
As renewal of major insurance covers for the next financial year continues, Vanguard investigations have revealed that most of the oil majors in the country no...
President Muhammadu Buhari has given approval for the renewal of three Oil Mining Licences (OMLs) held by Seplat Petroleum Development Company Plc. The firm stated this...
The Nigeria Extractive Industries Transparency Initiative (NEITI) says that the country has lost about $20 billion dollars from the oil and gas sector over the years....
Vice President Yemi Osinbajo Friday in Asaba stated that without sustained peace in the Niger-Delta, the economic agenda of President Muhammadu Buhari’s administration will suffer significant...
After four successive negative trading sessions, Nigerian equities broke away from the losing streak as highly capitalised firms in the oil and gas, banking and manufacturing...
French Ambassador to Nigeria, Denys Gauer has lamented that some French companies willing to invest in Nigeria’s oil and gas sector were having challenges understanding its...
Worried over recent bombings of oil and gas facilities in the Niger Delta, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has appealed to...
For a nation which economy is already officially in recession due mainly to reduced revenue generation, this is not good news. The Nigerian National Petroleum...
Oando Plc has reached definitive agreement to sell 49 per cent equity stake in its gas subsidiary, Oando Gas and Power (OGP) Limited for $115.8 million,...
Following signs that peace will soon return to the Niger Delta region, major oil and gas companies in Nigeria with operations in downstream and upstream activities have begun assessment of the actual cost of the crisis on their damaged faculties, according to an investigation. So far, an...
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), their sister union, Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the federal...
The President of Dangote Group, Mr. Aliko Dangote on Friday said he plans to spend $12 billion on Nigeria’s first private crude oil refinery billed to...
In from Ripples Nigeria Minister of Labour and Employment, Dr. Chris Ngige, has reiterated the zero tolerance of the administration of President Muhammadu Buhari to job...
Pre-shipment agents involved in monitoring oil and gas operations onshore may no longer have a job to do as the federal government has cancelled their contracts...
If all goes well, Lagos may soon join the league of oil producing states in the country as Panoro Energy ASA, the independent E&P company with...
A major investigation is underway in the oil and gas sector as the Economic and Financial Crimes Commission (EFCC) and The Department of State Security (DSS)...
Former President Olusegun Obasanjo has written a letter to the President elect, Muhammadu Buhari. In the letter he urged Buhari to shop around for Nigerians available...
