The founder of Dangote Group, Aliko Dangote, has urged the government to ensure a single-digit tax regime in the oil industry, in order to lure investment into Nigeria’s downstream sector, which has been losing foreign investors. Dangote is canvassing for…
The Central Bank of Nigeria (CBN) has assured Ikeja Electricity Distribution Company (IKEDC) that it would provide funds for the Phase One of its metering project. The Director of Development Finance, CBN, Yila Yusuf, who gave the assurance during a…
Saudi Arabia has declared that there is nothing more it can do to tame oil markets, implying that the world’s biggest crude exporter has no plan to accelerate its gradual production increases. “As far as we are aware there is…
The Lagos Chamber of the Commerce and Industry (LCCI) has begun the second phase awareness programme on the benefits of Liquefied Petroleum Gas (LPG) across five locations in Lagos. The sensitisation would hold for five Fridays in Ikorodu, Agboyi Ketu,…
The OPEC+ group is expected to rubberstamp next week its moderate monthly increases in oil production when it decides output levels for July, six sources at OPEC+ told Reuters on Thursday. OPEC+, led by Saudi Arabia and Russia, has not…
The Federal High Court sitting in Yenagoa has restrained the Federal Government from issuing licences on marginal oilfields in the Niger Delta pending the determination of a pending suit. Marginal fields are shallow fields which may not produce crude oil…
The Nigeria’s Chief Inspector of Diving (CID), Mr Julius Ugwala has urged International Oil Companies (IOCs) operating in the country to abide by the diving regulations. Ugwala made this known at an inspection site of the DK Offshore Ltd., in…
Stakeholders in the oil and gas sector have advised the CBN to create a unique window of forex access to facilitate seamless operations of modular refineries in the country. They spoke at the Nigerian Content Midstream and Downstream Oil and…
Nigeria’s Temile Development Company has awarded contracts to Hyundai Mipo Dockyard (HMD) and NLNG Shipping Management Limited (NSML) for construction and supervision of a 23,000 cubic meters Liquefied Petroleum Gas (LPG) Carrier Vessel. Temile Development Company signed the contracts with…
…To add additional 10 vessels in 10 years The Nigerian National Petroleum Company Limited (NNPC) and leading energy and infrastructure conglomerate, Sahara Group has taken delivery of two 23,000 CBM Liquefied Petroleum Gas (LPG) vessels at the Hyundai MIPO Shipyard…
