By Uthman Salami The Nigerian Financial Intelligence Unit (NFIU) Director and Chief Executive Officer, Mr. Modibbo Tukur, has disclosed that President Muhammadu Buhari has granted approval to the NFIU, Nigeria Extractive Industries Transparency Initiative (NEITI) as well as other anti-corruption…
By Uthman Salami The World Bank said that the wealth value of Nigeria and some countries with abundant nonrenewable energy or recent oil and gas discoveries will be at risk due to a shift from oil, gas and coal. This…
By Uthman Salami Nigeria has warned that limiting the development of gas projects poses dire challenges even as the country is making efforts to use large shares of clean energy sources in its commitment to Paris Agreement on Climate Change.…
By Uthman Salami The federal government will be signing three agreements in the hydrocarbon, mining and energy sectors with Turkey during the official visit of Turkish President, Recep Tayyip Erdoðan’s Nigeria later this month, This revelation of pact between the…
By Uthman Salami The President, Muhammadu Buhari has reiterated the government’s efforts geared towards making the Nigerian National Petroleum Corporation (NNPC) nothing short of a global oil company. The president stated this while receiving the certificate of incorporation of the…
The Standards Organisation of Nigeria, SON, is considering new modalities that will influence implementation of its set standards especially in mid and downstream sectors of the economy. The Agency said that the establishment of the Midstream and Downstream Petroleum Regulatory…
… Act to boost oil reserves from 37bbpd to 40bbpd The Petroleum Industry Act (PIA) will assist Nigeria in increasing its oil production to 4 million barrels per day, the Minister of State for Petroleum Resources, Timipre Sylva, has said.…
By Uthman Salami A Nigerian oil producer, Aiteo Eastern E&P Co. Ltd has sued Royal Dutch Shell Plc for more than $2 billion over the ownership of oil wells. This in itself has further intensified a dispute around an asset sale completed…
By Uthman Salami The lawmakers in the green chamber have summoned the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kolo Kyari, over the alleged award of a coastal shipping contract to a foreign company. The Chairman,…
By Uthman Salami The Minister of State for Petroleum Resources, Timipre Sylva has said that even though gas remain the focus of Nigeria in driving the energy transition agenda, the federal government would not neglect crude oil as it remains…
