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Nigeria: It’s Unreasonable to Jettison Nigeria’s Fossil Fuels Now – Vice President Osinbajo/in /by
[This Day] Abuja -- Vice President Yemi Osinbajo yesterday insisted that while the global call for a transition to cleaner fuels may be valid, it would be unreasonable for Nigeria to abandon her fossil fuel deposits at the moment.
Nigeria: Investment in Gas Soars Amid Planned Petrol Subsidy Removal/in /by
[Leadership] As federal government appear more determined to strike out petrol subsidy regime, indigenous oil and gas firms are taking fresh investment decisions to expand internal gas market.
Nigeria: Allegation of Missing 48m Barrels of Crude Baseless, Unfounded – Malami/in /by
[Vanguard] The Minister of Justice and Attorney-General of the Federation, AGF, Abubakar Malami, SAN, yesterday described as baseless and unfounded allegations that 48 million barrels of crude oil worth $2.4 billion were missing.
Nigeria: Federal Govt Suspends Subsidy Removal/in /by
[Premium Times] "Council agreed that the timing of the removal of fuel subsidy should not be now," an official said.
Nigeria: NNPCL, Norwegian Firm to Build Floating Gas Plant in Nigeria/in /by
[Premium Times] The signing of the agreement took place at the NNPC headquarters in Abuja.
Nigeria: How We Resolved PENGASSAN Strike Crippling Mobil Production – NNPCL/in /by
[Premium Times] The industrial action was suspended following "high-level mediation" between the leadership of the company and PENGASSAN.
Nigeria: ‘Missing’ Barrels of Oil – Malami Finally Appears Before Reps Panel, Says Allegation ‘Baseless’/in /by
[Premium Times] "The allegation is unfounded. It lacks merit and indeed substance," the minister told the lawmakers.
Nigeria: No Going Back On Fuel Subsidy Removal, Federal Govt Declares/in /by
[Leadership] Minister of finance, budget and national planning, Zainab Ahmed, has said the federal government has concluded every plan for the removal of the controversial subsidy on premium motor spirit (petrol) and would not revisit the matter.
Nigeria: Nigeria Has Suffered a Significant Loss in Oil Revenue – Shell/in /by
[Leadership] Chairman of Shell Companies in Nigeria, Osagie Okubor, has said the country suffered a significant loss in oil revenue over the last year, as a result of pipeline vandalism and oil theft.
Nigeria: The Making of Billionaires in Oil-Rich Nigeria – Who Is Powering Their Rise?/in /by
[Daily Trust] In periods of oil prices hovering around $100 per barrel, Nigeria scoops approximately $200 million per day in revenues from the global oil market. Who are the major beneficiaries of these proceeds?