IOCS
8 Jan
As independent oil producers intensify and strengthen their footprints in the onshore segment of Nigeria’s upstream petroleum sector, stakeholders have hinted at options to curb the rising challenges that may hamper the sustainability of their operations.
25 Dec
A Coalition of local and International Civil Society Organisations (CSOs) have called on President Bola Tinubu to halt all divestment requests from International Oil Corporations (IOCs) in the Niger Delta
20 Dec
While the Dangote Petroleum Refinery has made strides to ease transportation costs by lowering fuel prices and introducing innovative credit schemes for consumers, a contrasting issue has raised concerns among civil society groups and community leaders.
14 Nov
Nigeria Liquefied Natural Gas Limited (NLNG) has expressed optimism that ongoing divestments by International Oil Companies (IOCs) from onshore and shallow water fields will enhance feedstock gas supply, allowing it to achieve production capacity.
21 Oct
Human and Environmental Development Agenda (HEDA) has called on the Attorney-General of the Federation (AGF), Lateef Fagbemi (SAN), to immediately recover over $55 billion owed to the Nigerian government by International Oil Companies (IOCs).
27 Sep
Despite significant reduction, the amount of crude oil stolen from Nigeria and unpaid taxes/royalties by International Oil Companies (IOCs), stand at about $7 billion.
8 Aug 2024
Dangote Industries Limited has dismissed recent media reports suggesting that the Dangote Refinery has backtracked on its position regarding crude oil supplies from the Nigerian National Petroleum Corporation (NNPC). The reports incorrectly allege that the refinery has admitted to receiving 60% of its crude from the NNPC. In a statement signed by Anthony Chiejina, Group…
7 Aug 2024
C & I Leasing Plc has enhanced Huawei's operational efficiency to address safety, comfort and reliability for smooth logistics operations in the marine and transport sectors. The agreement between both firms will not only expand the company's vehicle fleet services but also deepen its capability to offer versatile and scalable transportation solutions. According to C&…
3 Jun 2024
The Executive Chairman of AA Holdings, Austin Avuru, from the regulatory point of view, has emphasised the need for proper management in the transition from International Oil Companies (IOCs) to independent operators in Nigeria's oil and gas sector.
27 Mar 2024
The recent Central Bank of Nigeria (CBN) guidelines on two critical areas in the management of the foreign exchange market is quite insightful. On one hand, the Bank has restricted the international oil companies
28 Feb 2024
The Federal Government yesterday said international oil companies (IOCs) will not be blocked from divesting their assets in the country even as the government warned that short-changing Nigeria in the process will not be tolerated.
28 Feb 2024
Despite the dwindling support for investment in fossil fuel and exit of International Oil Companies (IOCs) from Nigeria, the Federal Government has said over $100 billion worth of opportunities are available within the nation’s upstream space.
Latest
2 mins ago
The Federal Government of Nigeria, through the Office of the National Security Adviser (ONSA), has convened a validation workshop on Preventing and Countering Violent Extremism (PCVE). The two-day event, which brings together key stakeholders from various sectors, aims to strengthen the nation's efforts in tackling violent extremism through effective policy implementation and strategic communication. The…
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Organisers of the Real Estate Innovation and Investment Carnival have urged governments and major stakeholders in the real estate sector to collaborate in addressing Nigeria's staggering housing shortage of 28 million units. Addressing a press conference in Abuja, Ayo Ogedemgbe, Chairman of Creative Sphere Limited, emphasised the imperative of collective action among stakeholders to provide…
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Prof. Cyril Ndifon, the suspended Dean, Faculty of Law, University of Calabar (UNICAL) on Wednesday, denied allegations that he solicited for nude photographs of the female student. Ndifon, denied the allegations before Justice James Omotosho of a Federal High Court in Abuja while being cross examined by the the Independent Corrupt Practices and Other Related…
40 mins ago
The National Drug Law Enforcement Agency (NDLEA) says no fewer than 14 million Nigerians are estimated to abuse harmful drugs. The Deputy Commander, Ondo State Command, NDLEA, Mrs Yetunde Joyifous, made the disclosure at a drug abuse awareness programme, organised by Oijefon Youth for secondary schools in Ile Oluji/Oke-Igbo Local Government Area of the state…
43 mins ago
Gov. Umaru Bago of Niger, has approved the appointment of the Chairman and seven permanent Commissioners for the Niger State Independent Electoral Commission (NSIEC). Bago disclosed this during a meeting with the appointees in Government in Minna on Wednesday. They are, Mr Mohammed Jibrin-Imam, Chairman, Mr Mohammed Liman, Permanent Commissioner I, Nasiru Ubandiya, Permanent Commissioner…
51 mins ago
Chief Dan Orbih, National Vice Chairman, South- South, Peoples Democratic Party (PDP), has summoned a meeting of the zonal executive ahead of the upcoming zonal congress of the party. This is contained in a statement issued by Orbih in Abuja on Wednesday. Orbih said the meeting, which will take place this Saturday, was in accordance…
1 hour ago
Mr Silas Dung, the Chairman of Jos South Local Government Area (LGA) of Plateau, on Wednesday presented N11.4b as appropriation bill for the 2025 fiscal year to the council’s Legislative Arm. Dung, who tagged the bill “Budget of Restoration”, said that it is aimed at rebuilding the LGA toward better service delivery. He explained that…
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Nollywood actress, Eniola Badmus, has resumed her role as Special Adviser to the Speaker of the House of Reps and hints at aspiring to become a senator at the National Assembly in the future. In May 2024, Eniola Badmus was appointed as the Special Assistant to the Speaker of the House of Representatives of the…
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Freight forwarders in Kano have joined voice against the introduction of the four per cent Free-on-Board (FOB) charge for Nigeria Customs Service (NCS) services maintenance. The stakeholders in the clearing and forwarding industry worried that the introduction of the additional tax on import and export goods would worsen the country inflation rate. The stakeholders…
1 hour ago
Nigeria was on Wednesday thrown into darkness as the national grid operated from Osogbo in Osun State collapsed, leaving homes and businesses in losses. The grid went down at about 11:34 AM, affecting all feeders and disrupting electricity supply to customers. While the Nigerian electricity grid collapsed about 12 times last year, the grid on…