NASS’ delay of PIB stirs anger
Nigeria’s National Assembly is still temporizing with passage of the Petroleum Industry Bill (PIB) and this is a source of worry to oil and gas stakeholders.
‘Why Senate may remove DPR from 2021 budget’
Nigeria has, over the last three years, generated more than N5.4 trillion into the federation account from oil and gas royalties, signature bonuses...
Nigeria: Exporting electricity amid stark darkness
When Nigeria became independent in 1960 and inherited the well-run Electricity Corporation of Nigeria (ECN), which was established in 1951 by the then colonial administrators, many probably, did envisaged that the country’s power sector would end up as an albatross.
Nigerians shortchanged with fuel price slash
For pegging the pump price of petrol at N125 per litre, the Federal Government would be shortchanging Nigerians to the tune of N3.3 billion daily on the 55 million litres of the product consumed...
Worries over oil sector as Buhari returns as minister
President Muhammadu Buhari yesterday disclosed he would retain his position as Minister of Petroleum Resources, working alongside former Bayelsa State Governor Timipre Sylva...
Exploring hydrocarbon prospects in North’s Inland Basins
After about 40 years, Nigeria has returned the search for oil in the North. The debate on the viability of the search, primarily championed by President Muhammadu Buhari has divided stakeholders. Apart from seeing the project as a northern agenda, and a waste of taxpayers resources, some stakeholders have repeatedly condemned the project, while others…
Entrepreneurs mull two weeks warning strike
Members of the National Association of Enterprise Employers (NAEE) have threatened to embark on a two-week warning strike following Central Bank of Nigeria...
Slump in oil price threatens government’s economic forecast
The downward slide of crude price may hamper current economic prospects in the country, particularly if the development refuses to abate, oil and gas analysts have said.
Kachikwu, Olorunsola bag NAEE fellowship award
The Minister of State Petroleum for Petroleum, Dr Ibe Kachikwu, former director, Department of Petroleum Resources (DPR), Olsten Olorunsola and Executive Secretary of Petroleum Technology Development Fund (PTDF), Dr Aliyu Gusau have bagged the Nigerian Association of Energy Economics (NAEE) distinguished fellowship award.
Why Nigeria may miss targets for oil reserves
A 10-year target set by the Federal Government to boost crude oil reserves to 40 billion barrels and daily production to four million by 2020 is becoming unrealistic due to uncertainties...