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. The post Rising poverty, resource misappropriation amidst N83trillion oil revenue appeared Read More
‘80% Nigerian content intervention fund disbursed’
The Nigerian Content Development Monitoring Board (NCDMB) has stated that over 80 per cent of the Nigerian content intervention fund has been disbursed to contributors of the fund. The post ‘80% Nigerian content intervention fund disbursed’ appeared first on The Read More
FG advised to review policies to enhance ease of doing business
The Federal Government has been advised to review some of the policies in oil and gas industry so as to enhance the ease of doing business in the sector. The post FG advised to review policies to enhance ease of Read More
Delegates adopt Gandhinagar Declaration, tackle global threats to migratory species
The Thirteenth Meeting of the Conference of the Parties to the Convention on the Conservation of Migratory Species of Wild Animals (CMS COP13) ended in Gandhinagar, India at the weekend The post Delegates adopt Gandhinagar Declaration, tackle global threats to Read More
‘Climate change threatens future of all children’
As the climate and commercial threats intensify, health experts are pressing for a radical rethink on child health. The report calls for children to be placed at the centre of the efforts to achieve sustainable development goals The post ‘Climate Read More
Nigeria to kick off gas flare commercialisation from 45 sites
The Department of Petroleum Resources (DPR) has stated that over 200 bidders are competing for the available 45 gas flaring sites in Nigeria, adding that the national gas flare commercialization programme will be implemented from those sites at the initial Read More
‘Safety campaigns to address electrical accidents, tampering’
Benin Electricity Distribution Plc. (BEDC) has restated its commitment to reducing electrical accidents and tampering with electricity equipment among school children as it embarked on safety sensitization campaigns in primary and secondary schools across Ondo state. The post ‘Safety campaigns Read More
‘Oil firms, contractors may exploit loopholes in local content Act’
Though the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, is designed to foster institutional collaboration, and maximize resource utilisation as well as participation of Nigerians in oil and gas activities, by linking oil and gas sector The post Read More
DPR to transfer five revoked oil blocks
The Department of Petroleum Resources (DPR) has transferred Oil Mining Licence (OML) 98 to the Nigerian Petroleum Development Company (NPDC), stating the Federal Government is considering transferring five others, which were recently revoked. The post DPR to transfer five revoked Read More
Nigeria lost N230b to oil theft, vandalism in 2019, says NNPC
The Nigerian National Petroleum Corporation (NNPC) has disclosed that the nation lost about $750 million or N230.2billion to oil theft in 2019.In a presentation to members of the Executive Intelligence Management Course 13 of the National Institute for Security Studies…. Read More