26.1 C
26.1 C

Oil and Gas

Analysts tap 2023 election as major reason for suspending petrol subsidy

SOME industry analysts have reacted to the Federal Government's planned suspension of petrol subsidy removal, citing the 2023 general elections as the main reason...

FG, labour face-off worsens crisis of PMS deregulation in penultimate election year

THE Federal Government's current face-off with the Nigeria Labour Congress (NLC) will likely worsen the crisis of full deregulation of the petroleum downstream sector,...

Lawyers fault action as Seplat terminates Avuru’s appointment

SEPLAT Energy has terminated the appointment of Austin Avuru as non-executive director. In a regulatory filing by the oil firm to the Nigerian Exchange Group...
- Advertisement -category Post Advert

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...
- Advertisement -category Post Advert

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...
- Advertisement -category Post Advert

Support the ICIR

We need your support to produce excellent journalism at all times.

- Advertisement -sidebar


- Advertisement -sidebar

Most Read

- Advertisement -sidebar

Most Popular
In Business and Economy

Why VAT can’t work in states – FIRS

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