The Senate raised the alarm over alleged mismanagement of the N500 billion social intervention fund captured in the 2016 budget. The upper chamber lamented that already over N80 billion of the fund had been disbursed supposedly to the poor without any noticeable evidence of where...

The Nigeria’s oil production has improved to 2.1 million barrel of crude oilafter peace initiatives between the Federal Government and Niger Delta leaders. This new development was disclosed by Minister of State for Petroleum, Emmanuel Kachikwu after a two-hour meeting of Niger Delta stakeholders with...

Despite the Federal Government’s campaign for economic diversification and export promotion, there is growing exporters’ apathy due, among others, to logistic difficulties at exit points. While the availability of supply is not in doubt, the bureaucratic bottlenecks at the airports and alleged extortions by a...

THE Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, disclosed that the federal government will increase the penalty for gas flaring, while it intends to end the practice by 2020. Speaking during the 10th International Conference and Exhibition of the Nigerian Gas Association, NGA,...

The Nigerian National Petroleum Corporation said that there was a need to expand the country’s gas exploration efforts in its sedimentary oil and gas basins in order to increase the product’s reserve. According to the corporation, out of a total of 209 oil and gas...

NPA’s Managing Director Ms Hadiza Bala Usman, sources said, was furious when she learnt that four terminal operators and two firms at Onne Port were owing the agency  $7,931,247 and N9,458, 785,726. The debt excludes  what the Nigerian  National Petroleum Corporation (NNPC) and other terminal...