NCDMB, NEXIM Sign $30m MoU On Oil Sector Retrenchments       In a bid to curb oil sector retrenchments in Nigeria, the Nigerian Content Development Monitoring Board and the Nigerian Export-Import Bank on Wednesday signed a $30m working capital and capacity building fund to support oil and...

FG Insists PIB'll Resolve Oil Sector’s 70-Year Underdevelopment       The federal government has said that when passed, the Petroleum Industry Bill (PIB) will resolve most of the knotty issues that have hindered the development of the oil and gas sector in the country since the 50s. Speaking...

Oil Sector’ll Face Prolonged Reduced Demand - Fed Govt         The oil and gas sector is going to face a substantially reduced demand for a prolonged period as its recovery is not likely any time soon, the Federal Government said on Thursday. It also announced the resolve...

Over $30bn Oil Sector Projects Still Awaiting Final Investment Decisions         Nigeria’s oil and gas industry has continued to record heavy drop in investments for many years and in the last five years the sector has suffered more inactivity as over $30 billion projects are still...

PIB: Host Communities And Transparency In Nigeria’s Oil Sectors    By Hon Abdullahi Mahmud Gaya   Petroleum Industrial Bill (PIB)  was introduced to the National Assembly in 2007 contrary to all Nigerians expectations. The Bill, in its wholesale form, has survived three presidents and four convocations of the National Assembly....

Nigeria’s Oil Sector Suffers 6.63% Decline Amid Production Cuts     Amid the collapse of oil prices and demand, Nigeria’s oil and gas sector saw its contribution to the economy tumble in the second quarter of this year as it recorded negative growth. For the first time in...