The House of Representatives has ordered a full-scale investigation into the failure of oil and gas companies to remit the mandatory The post Reps probe oil firms’ non-remittances to host communities’ trust fund appeared first on The Guardian Nigeria News Read More
Why Nigeria should sustain current efforts towards cleaner, cheaper energy
Four years after the introduction of the Petroleum Industry Act (PIA), Nigeria is pushing for cheaper and cleaner energy through the Midstream and Downstream Gas Infrastructure Fund (MDGIF). With 16 projects between 2024 and 2025, The post Why Nigeria should Read More
FG urges oil giants to ramp up investments in Nigeria’s oil sector
The Federal Government has called on International Oil Companies (IOCs) to significantly increase their investments in Nigeria’s oil and gas industry, stressing that the administration of President Bola Tinubu has already provided the necessary incentives to ensure a seamless and Read More
Nigeria must prioritise investment in midstream, downstream infrastructure
Stakeholders in the oil and gas sector have emphasised the need for Nigeria to prioritise downstream and midstream infrastructure for competitiveness. The post Nigeria must prioritise investment in midstream, downstream infrastructure appeared first on The Guardian Nigeria News – Nigeria Read More
Over 30 organisations seek leeway to Nigeria’s energy transition plan
Stakeholders across the energy sector in Nigeria are calling for an urgent rejig that will make Nigeria’s $1.9 trillion energy transition plan a reality. The post Over 30 organisations seek leeway to Nigeria’s energy transition plan appeared first on The Read More
Stakeholders worry loopholes in PIA may fuel corruption, revenue leakages
Stakeholders have insisted that there was a need for transparency and accountability in the nation’s extractive sector, stressing that the state oil firm, Nigerian National Petroleum Company Limited (NNPC) The post Stakeholders worry loopholes in PIA may fuel corruption, revenue Read More
Towards collective decision on petrol subsidy, Nigeria’s economy
For political reasons, especially to keep the current government in power, the decision to stop the payment of subsidies has remained elusive and the rise of the cost of the scheme, believed to be in favour of the masses is Read More
Oil, gas industry reforms key to economic revitalisation, says Alakija
The Vice-chairman of FAMFA Oil Limited, Folorunso Alakija, has stated that the current reforms in the oil and gas sector are expected to have a far-reaching impact on revitalizing the Nigerian economy. The post Oil, gas industry reforms key to Read More
Diri, stakeholders to woo investors to oil, gas sector
Governor of Bayelsa State, Douye Diri, ministers of hydrocarbon and energy in key African countries, indigenous and international oil companies are set to canvass investment to Nigeria, leveraging the Petroleum Industry Act. The post Diri, stakeholders to woo investors to Read More
Nigeria, others may realise 7 per cent growth oil, gas sector despite challenges
Despite mounting pressure to defund oil and gas, growth in the industry across Africa may hit seven per cent before 2025 as oil majors maintain an optimistic outlook. The post Nigeria, others may realise 7 per cent growth oil, gas Read More