End Fuel Smuggling, Oil Workers Tell FG The Federal Government and operators in the downstream oil sector are all culpable for the nationwide prolonged scarcity of the premium motor spirit, popularly called petrol, the Petroleum and Natural Gas Senior Staff Association of Nigeria has said. Oil...

In Six Months, Nigeria’s Non-Oil Sector Jumps 64.2% to $2.59bn The Nigerian Export Promotion Council (NEPC) has disclosed that the non-oil sector contributed over $2 billion to the economy in the first six months of the year 2022. This was disclosed by the Managing Director and...

IOCs Divestments, Threat To Nigeria’s Oil Sector – FG   The Federal Government on Sunday night described the divestments by international oil companies from the Nigerian oil and gas sector as a threat to the industry. It, however, challenged indigenous oil producers to see the IOCs’ divestments...

FG Set To Strengthen Reforms In Oil Sector The federal government has expressed commitment to open up business deals in the oil and gas sector to end corruption and anonymity in the sector. The Executive Secretary of Nigerian Extractive Industries Transparency Initiative (NEITI), Dr Orji Ogbonnaya...

Oil Sector GDP Contribution Drops By N270bn In Nine Months   The contribution of crude petroleum and natural gas sector, which is a subsector under the mining and quarrying sector, to Nigeria’s Gross Domestic Product dropped from N2.82tn in the first quarter of 2021 to N2.55tn...

NCDMB, NEXIM Raise $40m Fund For Women In Oil Sector     Qualified women entrepreneurs in the Nigerian oil and gas industry can now benefit from the $40m Women in Oil and Gas Intervention Fund deployed by the Nigerian Content Development and Monitoring Board and Nigerian Export-Import...