CBN Governor says Nigeria spends 40% of FX on importation of Petroleum Products
Central Bank of Nigeria Governor, Mr. Godwin Emefiele, on Thursday lamented that Nigeria spends almost 40 percent of its scarce
Read more
Oil and Gas
PIA bill: Senate President advises Senators against unguarded utterances, says there is still room for amendment
The President of the Senate, Senator Ahmad Lawan has advised Senators to talk less to the Press and more to
Read more
NEITI to refer 77 oil and gas companies owing N2.659 trn to anti-graft agencies
The Nigeria Extractive Industries Transparency Initiative (NEITI) says it will report oil and gas companies that have defaulted in remittance
Read more
As OPEC reopens the taps, African giants losing race to pump more
Top African oil exporters Nigeria and Angola will struggle to boost output to their OPEC quota levels until at least
Read more
Lorry driver shortage: Temporary visa scheme to end on Christmas Eve
A temporary visa scheme to make it easier for foreign lorry drivers to work in the UK is to run
Read more
Nigeria’s VP says “Dakkada Tower” will address the problem of accommodation, demands concerned IOC’s to relocate administrative Hqrs to Uyo
The federal government under the leadership of President Mohammedu Buhari has spent N8.9trn in the last six years on the
Read more
A’Ibom Governor scores admin. 80%, says “Our people are not happy, 3% not enough”
Akwa Ibom Governor Udom Emmanuel on a normal day rarely speaks to the press, preferring instead, for his deeds to
Read more
Saipem signs MoU with Saudi Aramco for a potential new company in KSA
Saipem and Saudi Aramco have signed a Memorandum of Understanding (MoU) aimed at exploring the possibility to establish a new
Read more
Supreme Court fixes date to hear suit on Rivers, Imo feud over 17 Oil Wells
The Supreme Court in Abuja has shifted the legal battle by Rivers and Imo states on ownership of 17 rich
Read more
Buhari writes NASS, seeks amendment to Petroleum Industry Act
President Muhammadu Buhari has written to the National Assembly, requesting an Amendment to the Petroleum Industry Act. In a letter
Read more