A quantitative study by the Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that Nigeria lost at least $16b over a ten-year period (2008 – 2017) due to non-review of the 1993 Production Sharing Contracts (PSCs) with oil companies.
Nigeria is the destination for new projects in the oil and gas industry in Africa valued at over $48 billion, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, has said.
OPEC’s Secretary General, Dr. Mohammad Barkindo.
The Organisation of Petroleum Exporting Countries (OPEC) has warned that rising geopolitical tensions across the world was still an existential challenge to a stable oil market in 2019.
…As Nigeria, others face rising competition from US oil exports
Depressed oil demand coupled with production supply cuts and price fluctuations will impact the economy’s growth trajectory, according to multinational professional services network PricewaterhouseCoopers (PwC).
Nigeria’s oil and gas sector may be affected by the delay in passage of a petroleum industry bill, policy uncertainties, security, and decline in the price of crude, Players in the industry has said.
Minister of State for Petroleum Resources, Dr Ibe Kachikwu.
Stakeholders in the oil and gas industry has emphasized that until the downstream sector of the oil sector is fully liberalised, the spectra subsidy on imported refined products will continue to be a recurring factor in Nigeria’s energy mix.
The Advisory Boards for The Nigeria Prize for Science, The Nigeria Prize for Literature and The Literary Criticism Prize, sponsored by Nigeria LNG (NLNG) Limited, have published the Call for Entries for the 2019 edition of the prizes, flagging off this year’s competitions.
The Chief Executive Officer, ENYO Retail and Supply Ltd. ,Mr Abayomi Awobokun said the company has invested over eight billion naira into downstream retail business with the aim of expanding market share in the downstream sub-sector.
The Muslim Rights Concern (MURIC) has criticized one of the presidential candidates in the 2019 general elections, Alhaji Atiku Abubakar, who promised during the campaigns to sell the Nigerian National Petroleum Corporation (NNPC).
IPMAN's National Controller, Operations, Mike Osatuyi.
OBIORA IFOH, Abuja
The Independent Petroleum Marketers Association of Nigeria, IPMAN said that there is no truth in the claims that it has reduced pump price of petrol to 140 from 145 naira to ease the pains of nigerians over election postponement inconveniences.