Delay in FDPs approval and Nigeria’s quest for 40 billion reserves target
The Federal Government’s desire to grow Nigeria’s strategic oil reserves to about 40 billion barrels and daily crude oil production to four million barrels per day may suffer setback...
Government cautions IOCs against flouting local content act
International oil companies have been urged to stop flouting the Nigeria local content law and thwarting maximum utilisation of Nigerian services and assets. The Executive Secretary...
Reps ask NNPC to strengthen NAPIMS for joint venture monitoring
The House of Representatives yesterday urged the Nigerian National Petroleum Corporation (NNPC) to strengthen the National Petroleum Investment Management Services (NAPIMS).
Ekiti, Rivers demand share of $1 billion insurgency fund
The controversy on the Federal Government’s plan to spend $1 billion to combat terrorism in the country took a new twist yesterday as Rivers State Governor Nyesom Wike...
A scam that must not happen
Given consideration to the foregoing, it is apparent that NAPIMS and NNPC stepped beyond their legitimate regulatory boundaries. As President Muhammadu Buhari would say, they crossed ‘the red line’ and indeed, over-reached themselves.
NNPC, NAPIMS compel firms to fund projects in North East
The National Petroleum Investment Management Services (NAPIMS), an arm of the Nigerian National Petroleum Corporation (NNPC), has directed operators in the petroleum...
Petroleum agency’s $11m expenditure shocks Senate panel
Members of the Senate Committee on Petroleum (Upstream) were yesterday shocked when management of the National Petroleum Investment Management Services (NAPIMS)