IOCS
27 Mar
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
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
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.
25 Feb
A coalition of Civil Society Organisations (CSOs), oil-producing communities and concerned individuals in the Niger Delta region, last Friday, staged a peaceful rally in Port Harcourt, Rivers State
22 Feb
Interim Administrator of the Presidential Amnesty Programme (PAP), Major General Barry Ndiomu (rtd), has assured the youths of Niger Delta of massive employment from International Oil Companies
16 Feb
The Central Bank of Nigeria (CBN) has stopped international oil companies (IOCs) operating in the country have from remitting 100 per cent of foreign exchange (FX) proceeds to parent companies abroad.
31 Oct
Nigeria’s wobbling oil production could get better if moves by oil operators, especially in the upstream segment, in collaboration with the National Assembly, yield results.
5 Oct 2023
Nigerian Content Development Monitoring Board (NCDMB), yesterday, said the current wave of divestment by international oil companies (IOCs) from the country is a plus, especially for development of local content.
26 Sep 2023
Nigerian National Petroleum Company Limited (NNPCL) and Nigerian Content Development & Monitoring Board (NCDMB), yesterday, signed a Memorandum of Understanding with international oil companies (IOCs) to reduce the contracting cycle to 180 days ....
Latest
21 mins ago
US far-right conspiracy website Gateway Pundit is filing for bankruptcy, its founder said Wednesday, as it battles a string of lawsuits alleging it promoted misinformation related to the 2020 election.
39 mins ago
Honduras is experiencing a femicide "emergency," a United Nations official warned Wednesday, with at least 66 women murdered so far this year according to activists.
50 mins ago
The widespread use of alcohol and e-cigarettes among adolescents is "alarming", according to a report released on Thursday by the World Health Organization's (WHO) European branch, which recommended measures to limit access.
4 hours ago
Despite the exodus of university teachers and attendant shortage of manpower in public universities nationwide, the non-retention policy of the Federal Government has caused over 5,032 first-class graduates to languish in the job market and far away from the tertiary institutions that erstwhile retained them.
4 hours ago
As the whereabouts of former Kogi State governor, Yahaya Bello, remain unknown a week after he was declared wanted by the Economic and Financial Crimes Commission (EFCC) and placed on a watch-list by the Nigeria Immigration Service (NIS)
4 hours ago
Data sourced from the Central Bank of Nigeria (CBN) suggest the economy may be relapsing to cash hoarding again a year after the chronic currency scarcity even as the proportion of currency in circulation that is held outside the banking system has returned to the pre-naira redesign level.
4 hours ago
As Nigeria joins the rest of the world to mark the 2024 World Malaria Day, the progress in national malaria control is being threatened by the continued rising cost of anti-malaria drugs, which have gone beyond the reach of many Nigerians.
4 hours ago
African Development Bank (AfDB) President, Dr Akinwumi Adesina, said that Africa's immense economic potential is being undermined by non-transparent resource-backed loans that complicate debt resolution and compromise countries' future growth.
4 hours ago
Ahead of May Day next week, workers are demanding a country that works for all and not just for some privileged few.