Submit Production Data Or Lose Export Permits, FG Threatens Oil Firms The Federal Government, through the Department of Petroleum Resources, has said oil companies that fail to submit their crude oil production data to the National Production Monitoring System will not be given export permits...

Loans: Govts, Oil Firms, Manufacturers Borrow N8.24trn From Banks The oil and gas sector, governments and manufacturers account for the large chunk of loans from Nigerian banks as of the end of March this year. The total loans given to the oil and gas, manufacturing sectors...

NSE: Manufacturing, Oil Firms Boost Market Performance By N43.82bn Manufacturing and oil companies boosted market performance on Tuesday as the market capitalisation of equities listed on the Nigerian Stock Exchange increased by N43.82bn. The market capitalisation, which stood at N11.176 on Monday, increased to N11.220tn at...

FG Gives Oil Firms 2019 Deadline To Stop Gas Flaring Any oil company that cannot stop gas flaring by 2019 should stop producing, the Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said. Kachikwu stated that the Department of Petroleum Resources would become severe...

Oil Firms Lead As Stock Market Index Increases By 0.83% Equity transactions on the floor of the Nigerian Stock Exchange sustained rising profile, following gains recorded by major highly capitalized stocks, especially Seplat and Mobil causing the All-share index to rise further by 0.83 per...

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 structure is majorly split between...