Nigeria To Lose $24bn Oil, Gas Investments In Six Years — AEC         Nigeria will lose $24 billion in investments in the oil and gas sector between 2020 and 2025, due to effects of the COVID-19 pandemic on the global petroleum industry, according to a report...

House Panel Demands NNPC’s Response To Alleged $20.3bn Withdrawals         The House of Representatives has accused the Group Managing Director of the Nigerian National Petroleum Corporation, Mr Mele Kyari, of refusing to respond to an audit query issued against the corporation over alleged illegal withdrawals from...

Nigeria’s Gas Exports Recover, Surpass Pre-COVID-19 Level       The nation’s gas exports have rebounded from the COVID-19 pandemic, rising for the fourth straight month in July to 115.71 billion cubic feet, the highest level in more than a year. Nigeria, which has the largest gas reserves in...

Despite Abundant Gas, Nigeria Imports 71% Of LPG Consumed In One Month – PPPRA       Despite abundance of gas in Nigeria, 71.35 per cent of the Liquefied Petroleum Gas, LPG, also known as cooking gas, consumed in the country in the month of August 2020 were...

Senate Demands Probe Of $18bn NLNG Dividend To NNPC       The Senate on Wednesday directed the Accountant General of the Federation, Mr Ahmed Idris, to investigate the $18.32bn which the Nigerian Liquefied Natural Gas Limited claimed to have paid as dividend to the Nigerian National Petroleum...

NLNG Denies Alleged $1.05bn Illegal Withdrawal   The Nigeria LNG Limited has described as untrue the allegation that its Managing Director/Chief Executive Officer, Tony Attah, and the Group Managing Director of the Nigerian National Petroleum Corporation illegally withdrew monies belonging to the company. Economic Confidential reported last...