Downstream operators seek liberalised fuel price regime
Operators in the downstream sector of Nigeria's oil and gas industry have called for the total liberalisation of petroleum products price regime, maintaining that government's regulation of petroleum products prices has created more obstacles than incentives in the system. Some of the obstacles, according to the Chairman/Managing Director of Mobil Oil Nigeria Plc, Mr. Tunji…
Govt earns N2.5trn from petroleum exports in Q2 - NBS
The Nigerian government earned N2.512 trillion from the export of petroleum products in three months, between April and June 2015, according to data released by the National Bureau of Statistics, NBS. The NBS, in its Foreign Trade Statistics for the Second Quarter of 2015, also stated that the country recorded total merchandise trade of N4.372…
President Buhari's mandate to me, by Kachikwu
Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Ibe Kachikwu, has revealed that the mandate given to him by President Muhammadu Buhari is to turn around the entire commercial processes and procedures in order to impact on the growth trajectory and operations of the Corporation. According to him, his mandate in the…
Ogoni decry insecurity in communities
A national congress of the Ogoni people organised under the auspices of the Movement for the Survival of the Ogoni People, MOSOP, has decried insecurity in Ogoni communities and called on traditional rulers to ensure the protection and security of the communities. This is part of a six-point communique issued at the end of the…
NIMASA reiterates commitment to making Nigeria Africa's maritime hub
The Nigerian Maritime Administration and Safety Agency, NIMASA, has reiterated its commitment to ensuring that Nigeria becomes a safe place for business activities to thrive, thereby achieving the status of being the maritime hub in Africa. Acting Director General of NIMASA, Mr. Haruna Baba Jauro, said Nigeria attaining the status of maritime hub in Africa…
Go after sponsors of oil theft, IYC tells govt
The Ijaw Youth Council, IYC, has urged the Federal Government go after the sponsors of oil theft in the Niger Delta region if it actually aims at ending it.
Abia pledges support for NDDC on key projects
Abia State governor, Dr. Okezie Ikpeazu, has promised to collaborate with the Niger Delta Development Commission, NDDC, in the execution of developmental projects in the Niger Delta region.
Maritime stakeholders task govt on port infrastructure
Maritime operators at the just-concluded Lagos Maritime Expo, NIMAREX, have suggested that the Federal Government should improve on port infrastructure, to boost maritime trade.
NLNG pays $1.6bn tax to govt
Nigeria Liquefied Natural Gas Company Limited, NLNG - a joint venture between the government and foreign oil majors, has generated some $85 billion from exports of liquefied natural gas, LNG, since its inception 15 years ago.