Dr Muda Yusuf, Founder, Centre for the Promotion of Private Enterprise (CPPE), says the economic positions of President Bola Tinubu on fuel subsidy removal and the unification of Nigeria’s exchange rate hold enormous benefits for the country. Yusuf, in an…
Gov. Seyi Makinde of Oyo State, on Friday unveiled a newly-conceived gas distribution master plan, in partnership with Shell Nigeria Gas Limited. The development is to create a platform for constant gas supply across the state, to boost industrialisation and…
Shareholders of 11PLC, formerly Mobil Oil Nigeria PLC, on Wednesday hailed the company’s performance during the 2022 financial year despite the challenges posed by the post-Corona Virus pandemic crisis and the Russia-Ukraine conflict on the global economy. The shareholders, who spoke…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued seven new gazetted regulations aimed at providing a regulatory environment that assures efficiency, predictability, clarity, and effectiveness to the Nigerian oil and gas industry. Commission Chief Executive, Engr. Gbenga Komolafe, signed…
A group known as Concerned Bonga Oil Spill Impacted Communities (CBOSIC), has issued a 14-day ultimatum to Shell Nigeria Exploration and Production Company (SNEPCO) demanding the payment of $3.6 billion as compensation for the December 2011, 40,000 barrels of oil…
The Nigerian National Petroleum Company Limited (NNPCL) has revealed the signing of a series of agreements concerning Oil Mining License (OML) 130. The announcement was made by the company on Thursday, May 25, through its official Twitter account. The signing…
The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Haitham Al Ghais, has warned that global oil production capacity was dropping. Speaking during a recent interview with S&P Global Commodity Insights, he stated the refinery sector was not…
The National Bureau of Statistics (NBS) says the average price of 5kg of cooking gas increased from N4,610.48 recorded in March to N4,642.27 in April. This is contained in the Bureau’s “Cooking Gas Price Watch’’ for April 2023 released on…
The Nigerian Upstream Regulatory Commission (NUPRC), has unveiled a strategic plan which would act as a roadmap to guide the organisation’s activities and propel it towards a future of growth and success. The Commission Chief Executive, Engr. Gbenga Komolafe who…
The Shell Petroleum Development Company, operator of the SPDC joint venture, during the week unveiled eight Host Community Development Trusts in Bayelsa State. This, it said, is a critical step for unlocking the $56million earmarked for development in line with…
