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Oil and Gas

NNPC’s operating revenue, expenditure drop to N1.62trn in June – Report 

NIGERIAN National Petroleuum Company, NNPC, Limited said its operating revenue and the expenditure has dipped to a total of N1.62 trillion in June 2021. The...

Petrol subsidy cuts NNPC’s remittance to N14bn in October, least in 10 months

PETROL subsidy has reduced the Nigerian National Petroleum Corporation (NNPC)'s remittance to the federation account to N14. 85 billion for the month of October.  This...

Upstream Regulatory Commission to explore provisions of PIA in tackling oil spills, says CEO

THE Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has assured on its commitment to tackle oil spills in Nigerian communities using the instrumentality of the...
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Labour opposes petrol subsidy removal as analysts back FG’s decision

THE labour unions are opposing the Federal Government's decision to remove petrol subsidy, but analysts believe there is no better time to cut the...

$3 billion unremitted funds recovered from companies in 20 years – NEITI

THE Nigerian Extractive International Transparency Initiative (NEITI) on Thursday said a total of $3 billion has been recovered from underpayments from companies in the...

Lagos gas leakage: NEMA urges Ikeja residents to avoid naked fire

A GAS leakage occurred around Computer Village in Ikeja area of Lagos on Wednesday. South-West Spokesperson of the National Emergency Management Agency (NEMA) Ibrahim Farinloye...
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Publish transition plan for PIA to avoid repeat of power privatisation mistakes, experts tell FG

ENERGY analysts have challenged the Federal Government to go beyond the scrapping of some agencies in the Federal Ministry of Petroleum Resources and publish...

Sanusi describes fuel subsidy as scam, regrets protest that stopped attempted removal by Jonathan

FORMER Emir Of Kano Sanusi Lamido Sanusi, on Friday, described Nigeria’s petrol subsidy regime as a scam, expressing regrets over the nationwide protest that...

Buhari orders incorporation of NNPC, names board members

PRESIDENT Muhammadu Buhari has ordered the incorporation of the Nigerian National Petroleum Company (NNPC) Limited. The president has also constituted the board members of the...
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Why VAT can’t work in states – FIRS

THE Federal Inland Revenue Service (FIRS) has said that...