By Olufemi Soneye In the face of the challenges in the oil sector, particularly the current tightness in the supply of petrol, it has become fashionable to blame the national oil company, the Nigerian National Petroleum Company Ltd (NNPC Ltd),…
Of all capital projects in the country, the Dangote Refinery has proven itself most profitable on a national scale. It did not suffer the fate of other state-run refineries who gulp billions annually but spit dirt. Its benefits remain endless…
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has pledged to collaborate with Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to block leakages in the oil and gas sector. ICPC Chairman, Dr. Musa Adamu Aliyu, SAN made this pledge…
Nigeria’s oil sector grew -0.85% in Q3 This is according to the Gross Domestic Product (GDP) report recently released by the National Bureau of Statistics (NBS). The report highlights the fact that in the third quarter of 2023 (Q3/2023), the…
Troops of the Nigerian Army (NA) in synergy with personnel of the Nigerian Security and Civil Defence Corps (NSCDC) has continued to crack down on saboteurs of Nigeria’s oil sector in Southern Nigeria. This is contained in a statement by…
The Governments of Nigeria and the Republic of Equatorial Guinea have opened discussions regarding new partnership opportunities such as the establishment of a joint logistics base, deployment of indigenous capacities across countries, and lowering the costs of major oil and…
…As Non-oil sector grows by 4.27% in real terms in Q3 2022 …Contributes 94.34% to total GDP, as oil sector declines to 5.66% to aggregate real GDP …Experts react, fear tougher times for Nigerians By Seun Ibiyemi and Ogaga Ariemu,…
Lagos State Governor, Babajide Sanwo-Olu of Lagos State has charged Financial Institutions to fund and give preference to agriculture like the oil sector, to boost food production. Sanwo-Olu made the call at a programme organised by the Consulate General of…
The Managing Director of Afrinvest, Mr Ike Chioke, has said that the oil sector still remains a challenge to the Nigerian economy, despite the positive posture of the economy last year amid Coronavirus Disease infections. Chioke said on AIT show, ‘MoneyLineWithNancy’ recently,…
The Department of Petroleum Resources (DPR), has raised serious concern over high rate of accidents in the downstream oil and gas industry leading to the introduction of the Minimum industry safety training for Downstream operations (MISTDO). The Agency reiterates that…
