The United States, yesterday, disclosed that Nigeria’s inability to eliminate subsidy on petroleum products and failure to hands off the fixing of electricity tariffs is hampering the provision of critical Continue Reading
Failure on the part of industry regulators in Nigeria has relegated Nigeria to the background among the comity of nations, thus making it a destination for dirty fuels. Petroleum products Continue Reading
At least 35 people were killed on Monday and hundreds injured when a gas tanker exploded in northern Nigerian the state of Nasarawa and started a blaze, the state emergency Continue Reading
The Federal Government has secured a $500 million (about N179.9 billion) facility from the Export Import Bank of China (CEXIM) through the Bank of Industry (BOI) for the establishment of Continue Reading
Oil giant, Shell, has reportedly initiated negotiations with local oil producers for selling two of its Nigerian oil licences in the Niger Delta, collectively worth $2 billion. The Anglo-Dutch petrochemical Continue Reading
The Nigerian Navy has deployed 16 newly bought ships to the Niger Delta to guard critical oil infrastructure, local media report , quoting the Chief of the Nigerian Naval Staff. Continue Reading
A six-week-long blockade of ExxonMobil’s offices and oil facilities in Nigeria by former workers protesting their dismissals now threatens the normal production and exports of Nigeria’s flagship Qua Iboe crude Continue Reading
Earlier in the week, details emerged that President Muhammadu Buhari had withheld assent to the harmonised Petroleum Industry Governance Bill (PIGB). Ita Enang, the presidential aide on National Assembly Matters, Continue Reading
Against the backdrop of recent threats by militant groups to resume disruption of oil production in the Niger Delta, James Emejo and Chineme Okafor write that the Nigerian economy could Continue Reading
The news, early this week, that President Muhammadu Buhari has refused to assent to the Petroleum Industry Governance Bill (PIGB) and has returned it to the Senate, struck me like Continue Reading
