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...

With More Transparency, Nigeria Recovers $3bn from Oil Sector - W/Bank     The World Bank and the Extractive Industries Transparency Initiative (EITI), the global standard for the promotion of openness in the oil, gas and mineral resources management, have said Nigeria has so far recovered about...

DPR Issues Oil Sector Survival Strategic Plan     The Department of Petroleum Resources has outlined some strategic plans that would guarantee the survival of Nigeria’s oil industry post COVID-19 pandemic. DPR’s Director, Sarki Auwalu, disclosed some of the plans while speaking during a webinar entitled ‘Nigeria Oil...

We Deregulated Downstream Oil Sector In March - Minister   The Minister of State for Petroleum Resources, Chief Timipre Sylva said the downstream oil sector was deregulated on March 19, with the reduction in the pump price of petrol. Sylva, who made the clarification at a ministerial...