Minister of State for Petroleum Resources, Ibe Kachikwu, Lagos State governor, Akinwunmi Ambode and other local and international players in the oil and gas sector will next week discuss solutions to the challenges confronting oil and gas product manufacturing in Nigeria and Africa. The Institute of Oil & Gas Research & Hydrocarbon Studies, which disclosed…

Investing In Women believes in the power of collaboration and working with thought leaders. This week, Anita has invited researcher and management consultant, Carl Loof of Impeccable Collaboration (New York), as a guest contributor to share a global perspective on economic opportunities for Nigeria, through a strategy of investing in women.  As one of the world’s…

The possibility of experiencing a revamped non-oil sector before the end of the 2018 financial year appears to be elusive going by the lingering challenges and inability of government to implement key incentives needed to stimulate the sector’s operations. According to operators, the sector has been experiencing recovery difficulties as a result of the negative…

Residents of Satellite Town, in Lagos, have raised an alarm over what they described as very deplorable situation in the area owing to infiltration of petroleum products tank farms, tankers and trailers. They also expressed shock over the indifference of the Department of Petroleum Resources, Ministry of State for Petroleum Resources, the Ministry of the…

The continued closure of the National Assembly, and subsequent delay in approving non-oil export incentives under the revised Export Expansion Grant (EEG) scheme, also known as the Export Credit Certificate, has further increased the backlog of unpaid incentives to at least N1.2 trillion.     There were expectations earlier in the year that some of the…

The Nigerian National Petroleum Corporation (NNPC) yesterday said the country’s crude oil and gas export sales for June 2018 was $416.07 million, up by 35.78 per cent over the corresponding month of last year. Details of the June 2018 edition of the monthly NNPC Financial and Operations Report showed that crude oil exports contributed $274.95…

After 58 years of independence, the state of the Nigerian oil industry has remained pathetic among other oil producers. Up till this moment, the industry lacks relevant and contemporary regulations. In other words, the industry lacks global competitiveness, which automatically puts it at the mercy of subjective interests, STANLEY OPARA writes The refusal of President…

Information and Communication Technology (ICT) experts have decried the dearth of cyber security personnel in Nigeria and warned that the economy is at higher risk of being a target of cyber-attacks, especially the oil sector and banking industry.

Independence anniversaries offer important opportunities to reflect on the course of national events. As Nigeria’s 58th independence anniversary being marked today, coincides with the 60th anniversary of Nigeria’s export of its first oil cargo, we offer this article as our contribution to the national reflection on a major public policy issue: Herdsmen-farmers conflict. We refer…

In a complicated federation where fiscal responsibility, civic duty and even corporate citizenship have become part of complex challenges, a report the other day about the closure of premises of tax defaulting businesses in Ibadan, Oyo State capital, by the state government should be understood and not taken as a political witch-hunt. According to reports,…

Aspirants to the office of President of the Federal Republic of Nigeria in the 2019 Election will have a chance to marshal their plans and programmes for the oil and gas sector of the economy and convince the electorate of their capacities and abilities to ensure economic growth and development of the country. Given the…

The Lagos State Petroleum Marketers Safety Conference, holding today, presents an all-inclusive platform for stakeholders in the downstream sector to synergise with the regulators, government agencies, and public institutions to drive effective safety management practices in the industry. In this interview with Tayo Oredola, James Ashokeli, the chief organiser of the conference, highlights the major…