This is according to the recently released Fiscal Allocation and Statutory Disbursement (FASD) audit report from the Nigerian Extractives Industries Transparency Initiative (NEITI). The report highlighted the fact that the Nigerian Content Development and Monitoring Board (NCDMB) between 2020…
Following a peace deal brokered on Sunday, November 12, 2023 by the Nigerian National Petroleum Company Limited (NNPC Ltd.) between the Management of TotalEnergies, operator of the NNPC / TotalEnergies JV, the Petroleum and Natural Gas Senior Staff Association, (PENGASSAN)…
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has urged Heritage Energy Operational Services Limited (HEOSL) and other indigenous oil and gas companies to adopt strict corporate governance guidelines in their operations…
NIPCO Plc has revealed that it is targeting the delivery of 50 skids in 24 months to deepen penetration of Liquified Petroleum Gas (LPG) in 20 million homes. The company made this known via its Managing Director, Mr Suresh Kumar…
The Nigeria Extractive Industries Transparency Initiative (NEITI) in its latest report on the oil and Gas industry in 2021 has accused the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) of flouting its own regulations while implementing the 2020/2021 marginal fields award.…
Saudi Arabia has signed a Memorandum of Understanding (MoU) with Nigeria on energy-related cooperation. Saudi Arabia’s energy minister, Abdulaziz bin Salman disclosed this during the Saudi-Arab-African economic conference in Riyadh on Thursday, according to Reuters. At the meeting, Salman also…
Minister of Power, Chief Adebayo Adelabu has probed the renewal of the licenses of Electricity Distribution companies (DisCos) in the country. Speaking during a one-day interaction session with journalists in Abuja, the Minister disclosed that he has ordered an investigation…
…As supply to India dips to 120,000mbpd Following the lingering conflict between Russia and Ukraine, the Nigerian National Petroleum Company Limited (NNPCL) has stated that the country has rejigged its crude oil sales target market to Europe. Executive Director, Crude…
In furtherance of its Corporate Social Responsibility (CSR) initiative aimed at addressing global warming by focusing on girl-child education, NNPC Retail Ltd, a subsidiary of NNPC Limited, has empowered over 1,000 underprivileged secondary school students in Lagos, Rivers, and Akwa…
President Bola Tinubu recently stopped the implementation of a hike in electricity tariff and insisted that subsidy be paid on power consumed nationwide, the Minister of Power, Adebayo Adelabu, revealed during the week. Adelabu also stated that the Federal Government…
