Friday, 3rd February 2023
Breaking News:


15 May 2022
For over a decade, some International Oil Companies (IOCs) that are operating in Nigeria have been divesting their portfolio. Among other things, those affected are eager to leave the shallow water, but still, maintain their businesses in the deep water...
30 Mar 2022
Vice President, Yemi Osinbajo, has called on the private sector to leverage the Petroleum Industry Act (PIA) to stake more investment in gas infrastructure across the country.
18 Mar 2022
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has said that concerted efforts should be made to persuade and further incentivise the International
27 Feb 2022
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has alleged that petroleum product marketers are taking advantage of seeming gaps and teething challenges in the implementation of the Petroleum Industry Act (PIA) to enrich themselves at the expense of the country and the people.
25 Feb 2022
International Oil Companies (IOCs) have called for the amendment of the Petroleum Industry Act (PIA) to provide clarity and better fiscal terms for deepwater gas investment.
2 Feb 2022
The Chairman, Major Oil Marketers Association of Nigeria (MOMAN), Olumide Adeosun, has stated that the Federal Government's suspension of the Petroleum Industry Act (PIA) would create more uncertainties in the nation's downstream sector.
28 Jan 2022
The Federal Government yesterday, in Abuja, said about N174 billion was raised from the 2020 Marginal Field Bid Round (MFBR) as about 33 awardees are set to lose out after failing to make payment.
16 Jan 2022
Managing Director and Chief Executive Officer of the company, Suresh Kumar, while addressing staff, thanked the employees for their resilience over the years, noting that the New Year offers
4 Jan 2022
The year 2022 is loaded with a lot of expectations, especially the Federal Government’s planned removal of petrol subsidy. With the Petroleum Industry Act (PIA) becoming law...
29 Dec 2021
Drama, intrigue and mixed feelings are a few words that best describe the energy sector in Nigeria in 2021, considering the lingering face-off between labour and government
10 Dec 2021
The Federal Government has said that it will carefully scrutinise oil companies bidding for the takeover of assets that Shell and other oil majors are divesting in the country.
9 Dec 2021
Mallam Mele Kyari, Chief Executive Officer, Nigerian National Petroleum Company (NNPC), says the newly passed Petroleum Industry Act (PIA) will attract more business Investments in Nigeria.


27 mins ago
Police officers in Plymouth have transported a swan to the veterinarian in the trunk of a car after they got reports that it was hit by a car. According to Plymouth police, officers were summoned to the city's Mutley Plain neighborhood. Officers reported that a swan had been taken from Plymouth Harbour by a "drunk male"…
1 hour ago
As Nigerians mark a week of anguish and frustration over naira swap policy, the Central Bank of Nigeria (CBN) has placed cash operations of banks on strict monitoring, as concerns over handling of new naira notes disbursed to the lenders continue.
1 hour ago
The Southern and Middle Belt Leaders’ Forum (SMBLF), comprising Afenifere, Middle Belt Forum, Pan-Niger Delta Forum (PANDEF) and Ohanaeze Ndigbo, rose from an extraordinary meeting, yesterday, declaring support for Labour Party’s presidential candidate, Peter Obi, and his running mate, Ahmed Datti, for the 2023 general elections.
1 hour ago
Presidential candidate of the All Progressives Congress (APC), Bola Tinubu, has promised to end unemployment in the country, if he emerges victorious at this month’s general elections.
1 hour ago
Chairman of the Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu, has insisted the 2023 general elections will hold as scheduled.