The Nigeria National Resource Charter (NNRC) has commended recent efforts by the National Assembly toward ensuring the passage into law of the protracted Petroleum Industry Bill (PIB).
8 Oct 2020
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.
7 Sep 2020
The relative dormancy of Nigeria’s refineries, in Kaduna, Warri and Port Harcourt represent a serious drain on the national purse. This has necessitated the importation of most of the country’s needs of refined petroleum products over the years.
10 Jul 2020
Two reports published shortly before the COVID-19 lockdown paint a stark picture of NNPC, the Nigerian state hydrocarbon company, as a sub-optimally governed and remarkably inefficient commercial enterprise that is also neither transparent nor accountable.
6 Mar 2020
Poor improvement in almost all benchmarks or precepts used in measuring performance in the oil and gas sector has been attributed to the lack of transparency and weak fiscal intervention by regulators.
26 Feb 2020
Last week, Nigeria Natural Resource Charter (NNRC) in its Benchmark Exercise Report (BER) revealed that Nigeria has made N83 trillion from oil and gas in the last 37 years.
21 Feb 2020
Chairman, Expert Advisory Panel of the Nigeria Natural Resource Charter (NNRC), Odein Ajumogobia, and leading industry experts yesterday re-echoed the lingering challenges bedeviling the nation’s oil and gas sector
25 Dec 2019
The Nigerian Nation Resource Charter (NNRC) has again raised the alarm about the approach of the Federal Government towards the use of proceeds of oil and gas despite dwindling fortunes of the sector.
27 Oct 2019
There are glaring indications that the over N4t so far budgeted by the Federal Government, and funds contributed by oil companies, as well as other benefits meant to better the lives of about 20 million...
4 Sep 2019
Nigeria’s crude oil production may witness a steady decline to approximately 7.93 per cent before 2025, a new research, conducted by U.S.-based Orbis Research has said.Being the same year Nigeria has targeted to increase oil reserve to about 40 billion and daily production....
10 Jul 2019
Stakeholders comprising oil and gas experts, civil society organisations and Niger Delta leaders yesterday sought immediate action on crude theft, stating that the country had lost $12 billion to the menace. They accused security agencies, politicians and host communities of aiding the illicit business with its accompanying negative effects on the national economy, environment and…
17 Jun 2019
Nigeria may continue to lose an estimated N995.2 billion yearly to crude oil theft except the Federal Government adopts...