The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari, has said that the absence of a stable fiscal environment is inhibiting the growth of the Nigerian petroleum industry, especially the upstream sector.
Kyari, who stated this while p [...]
The Nigerian National Petroleum Corporation, NNPC, says indigenous companies operating in the nation’s oil and gas sector must upscale their capacity for global competitiveness.
The corporation also said indigenous operators need capacity upgrade in order to achieve th [...]
An indigenous oil firm, Waltersmith Petroman Oil Limited, says the first phase of its modular refinery facility located in Ibigwe, Imo state, has capacity to deliver about 271 million litres of refined products such as diesel, kerosene, heavy fuel oil, HFO, and naphtha, per annum.
The company, [...]
The Federation Accounts Allocation Committee, FAAC, has disbursed a total sum of N682.060 billion as federation allocation to the three tiers of government, for the month of August 2020.
FAAC made the disbursement during its virtual meeting on Thursday chaired by the Permanent Secretary, Federa [...]
Nigeria’s inflation has maintained an upward swing for the 11th consecutive month, rising by 13.22 per cent, year-on-year, in August 2020.
The country last recorded its highest inflation in March 2018 with 13.34 per cent rise in the headline index, but increased from 11.02 per cent in Aug [...]
The Nigerian National Petroleum [...]
The Nigerian National Petroleum Corporation, NNPC, has announced a total crude oil and gas sale of $4.60 billion between June 2019 and June 2020.
Indigenous oil and gas service companies under the aegis of Project 100 have expressed hope that the completion and commissioning of the seventeen storey Nigerian Content Development and Monitoring Board, NCDMB, headquarters would further create the enabling environment for oil companies [...]
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