The country is losing about $200bn as a result of its failure to pass the Petroleum Industry Bill as an enabling law for the oil and gas industry, the Nigeria Extractive Industries Transparency Initiative has said. NEITI, in its latest...

The Federal Government owes oil companies at least a total of $8.06bn in unpaid cash calls, as the Nigerian National Petroleum Corporation failed to pay $3.06bn in the first seven months of the year. The nation’s oil and gas production...

Pension operators in the country are increasingly getting uncomfortable with the moves being made by the Federal Government to use part of the N5.8tn Contributory Pension Scheme assets to fund infrastructure development and move the nation out of economic...

As part of concerted efforts to maintain seamless supply and distribution of petroleum products, the Nigerian National Petroleum Corporation (NNPC) has recommissioned four petroleum products tanks with 87.70 million litres capacity at the Mosimi depot in Ogun State. The Group...

The Acting Director General of the Bureau of Public Enterprises (BPE), Dr. Vincent Onome Akpotaire has commended the new owners of Eko Electricity Distribution Plc (EKEDC) on the initiatives it has taken to improve the quantity, quality and reliability...

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has expressed the Agency's determination to strengthen its Zonal operations to become the centre of the Agency's activities. By so doing the Agency plans to...