Oil & Gas


NNPC to name core investor for Benue biofuel project

The Nigerian National Petroleum Corporation said on Sunday that it would soon name a core investor for the proposed biofuel plant in the Agasha Guma area of Benue State.




Oil production from indigenous firms rises by 214%

Indigenous oil companies have recorded significant increases in their crude oil production, with their total output rising by 214 per cent in one month, the latest report from the Nigerian National Petroleum Corporation has indicated.



NNPC, FAAC to parley on Monday over discrepancies

The Nigerian National Petroleum Corporation (NNPC) and the Federation Accounts Allocation Committee (FAAC) will tomorrow meet to reconcile the discrepancies in data submitted at its last meeting.



Obaseki: We Made Major Oil Investment Decisions with IOCs at Abuja Golf Course

A former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Jackson Gaius-Obaseki, has disclosed that a lot of the investment decisions that were made with International Oil Companies (IOCs) in his time at the helm of affairs of the state-run oil company, were reached during a periodic golf tournament he initiated in Abuja.



IEA: Lower Supply from Nigeria, Algeria, Iraq Dipped October OPEC Output by 80,000bpd

Due mainly to lower supply from Nigeria, Algeria and Iraq, the OPEC crude output in the month of October dropped by 80,000 barrel per day, the Oil Market Report for November has revealed.



NNPC fails to remit N1.7tr into Federation Account

The Federation Account Allocation Committee ( FAAC ) meeting was called off last Thursday over the non-remittance of about N1.78 trillion into the government’s coffers by the Nigerian National Petroleum Corporation ( NNPC ), The Nation learnt yesterday.



Oil firm advocates synergy among host communities

Heritage Energy Operational Service Limited (HEOSL) at the weekend called for synergy between host communities and stakeholders in OML 30 to prevent vandals from tampering with oil facilities.



Other News

Domestic debt payment gulps N3.49tn in 32 months

In this report, captures the nation’s current dilemma of dwindling revenues and increasing debt burden, which has inspired debate on the country’s debt sustainability



PenCom releases new guidelines for voluntary contribution withdrawal

New guidelines to regulate Additional Voluntary Contributions’ withdrawals by workers have been released by the National Pension Commission.



Labour hopeful FG will give workers living wage

Labour leaders on Sunday expressed optimism that the Federal Government would give workers a living wage.



The Monetary Policy Dilemma

Contrary to expectations by some market analysts that the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) would cut its policy rate, the committee rose from its last meeting for the year held last Tuesday and retained the Monetary Policy Rate (MPR) at 14 per cent.



Unemployment: Ekweremadu Urges FG, States to Invest in Vocational Training Programmes

Irked by the increasing rate of unemployment in the country, the Deputy Senate President Ike Ekweremadu at the weekend in Enugu asked the federal and state governments to invest in vocational training and skill acquisition programmes in order to meaningfully engage the youths.



Unemployment Reaching Dangerous Dimension in Nigeria, Says Niger Gov

The Niger State Governor, Alhaji Sani Bello, has raised the alarm that only 50 out of every 250,000 graduates across the country secure employment after their National Youth Service Corps (NYSC) year.



600 sacked Aero workers yet to get severance packages 8 months after — union

The National Union of Air Transport Employees (NUATE) on Sunday said the more than 600 employees sacked by Aero Contractors Ltd. in March were yet to get their severance packages.




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