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Nigeria earned N12 trillion from oil, gas sector, says NEITI
1 day ago
Nigeria earned $32.63 billion (about N12 trillion) from the oil and gas sector in 2018, the Nigeria Extractive Industries Transparency Initiative (NEITI) said yesterday.
‘Bankruptcies, headcount cuts inevitable in oil, gas sector’
Though the long-term impact of Coronavirus on the oil and gas sector is still unclear, there are indications that the industry could run into bankruptcy as well as headcount cut.
‘Oil companies not leaving Nigeria in next 30 years’
Sarki Auwalu is the Director/Chief Executive Officer of the Department of Petroleum Resources. In this interview with the Business Editor, CLARA NWACHUKWU and FEMI ADEKOYA
‘In-country training will further aid local content capacity, development’
Though the implementation of the Nigerian Oil and Gas Industry Content (NOGIC) Act 2010 has aided investments and development in the oil and gas industry
Manufacturers urge government to revisit gas pricing as oil price dips
With global oil prices plunging, local manufacturers have asked the Federal Government to revisit the price of gas to reflect the current market realities.
Oil price fall: FG moves to use pension fund on infrastructure - Aliero
The Federal Government may dip hands into part of the N9tr pension fund to finance infrastructure, especially road projects.
Udoh: A strengthened real sector is panacea to oil crisis
South-South Coordinator, Institute of Chartered Economists of Nigeria, Mr. Friday Udoh, told KELVIN EBIRI that Nigeria’s economy would remain susceptible to the volatility of global oil price unless it is diversified
Nigeria, others may lose $110b in taxes, revenue as oil hits $26
As Coronavirus pandemic continues to rage and disrupt international economies, the African Energy Chamber (AEC), as well as other analysts, have stated that Nigeria and other African countries
Slump in crude oil price, stock markets a wakeup call, says Omo-Agege
Deputy Senate President, Ovie Omo-Agege has charged the leadership of the country to see the slump in crude oil price due to outbreak of coronavirus pandemic as a wake-up call
Falana to FG: Falling oil price an opportunity to Fix Nigeria’s economy
Eminent lawyer and human rights activist, Mr Femi Falana (SAN), yesterday, implored the Federal Government to take advantage of the global drop in the price of crude oil
House of Reps orders probe of spills, remediation in oil-producing areas
House of Representatives yesterday ordered an immediate probe of the cleanup of spills and remediation in oil-producing areas of the country in the last five years.
$211billion investment pending as offshore wind attracts oil, gas companies
As the global energy transition continues, offshore wind has been projected to become an increasingly attractive investment destination raking in nothing less than $211 billion by