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Nigeria’s slow, steady walk towards profitable oil business
The Nigerian National Petroleum Corporation (NNPC) recently pulled back from the brink of serial deficit turnover that has lasted four decades.
NNPC, DPR synergise for value addition in oil, gas sector
The Nigerian National Petroleum Corporation (NNPC) started its week with renewed synergy with the Department of Petroleum Resources....
Ministry floats $50m Nigerian content research, development fund
Minister of State for Petroleum Resources, Timipre Sylva, yesterday, announced the creation of the Nigerian Content Research and Development Fund with an initial seed capital of $50 million.
Lawan refutes bribery allegation in passage of PIA
Senate President Ahmad Lawan has debunked reports that he and his counterpart, Speaker of the House of Representatives Femi Gbajabiamila, collected $10 million as bribe to facilitate passage of the new Petroleum Industry Act (PIA).
Federal character, gender gap dog PIA as FG inaugurates committee
Gendwe gap and federal character loopholes may bog down implementation of the Petroleum Industry Act (PIA) as the Federal Government yesterday inaugurated the implementation steering committee to oversee roll out of the new law.
NGE hails ex-president’s appointment as GGM of NNPC
The Nigerian Guild of Editors (NGE) has congratulated its former president, Garba Mohammed, on his appointment as the Group General Manager (Public Affairs) of the Nigerian National Petroleum Corporation (NNPC).
COVID-19 helped to reduce cost of oil production in Nigeria – Sylva
The Minister of State for Petroleum Resources, Chief Timipre Sylva, says COVID-19 had helped to reduce the cost of crude oil production in the country.
Digitalisation’ll boost profitability, efficiency in oil, gas sector – Minister
The Minister of State for Petroleum Resources, Chief Timipre Sylva, says promoting digital transformation in the nation’s oil and gas industry will boost profitability and efficiency.
Oil accounts for 10% GDP, 86% export earnings – Sylva
Minister of Petroleum Resources, Chief Timipre Sylva, says the oil and gas sector accounts for about 10 per cent of Nigeria’s Gross Domestic Product (GDP).
FG lists criteria to access N250bn gas intervention fund
The Federal Government says investors must meet seven criteria to access the N250 billion intervention fund for gas value chain businesses.
PIB: FG to engage host communities after Presidential assent
The Federal Government would engage with oil-producing communities in the Niger Delta over the three per cent equity allocated to them in the recently passed Petroleum Industry Bill (PIB).
FEC okays $15.44b rail, refinery rehabilitation contracts
The Federal Executive Council (FEC), yesterday approved $15.44 billion for contracts in the Transportation and Petroleum Resources Ministries.