Oil Sector, Highest Contributor To Illicit Financial Flows – NEITI Report   Business operators in Nigeria’s oil and gas sector contribute the most to the illicit financial flows recorded annually in Nigeria, a report by the Nigeria Extractive Industries Transparency Initiative and Trust Africa has stated. It...

In Just Three Months, Oil Sector FDI Drops By $17.12m Foreign Direct Investment in Nigeria’s oil sector dropped by $17.12m in the third quarter of 2018, the Nigerian Natural Resource Charter stated on Wednesday. According to the NNRC, foreign investments in the sector plunged from $24.85m...

NNPC, Others Pledge To Boost Oil Sector Output   Key agencies of government under the Federal Ministry of Petroleum Resources have pledged to improve the digitalisation of their systems in order to boost the country’s oil and gas sector. According to the Nigerian National Petroleum Corporation, the...

Uncertainties, Political Tensions May Cripple Investment In Nigeria’s Oil Sector Stakeholders in the oil and gas, and investment sectors have said growing socio-economic uncertainties and political instability could further quash inflow of investment into the country.The experts, who reacted to the declining level of investment...

Oil Sector Loses 754,000bpd To Pipeline Vandalism - NNPC   Nigeria’s oil sector is estimated to have lost over 754,000 barrels per day (bpd) in February, to production shut-in occasioned by pipeline vandalism, according to the latest monthly financial report of the Nigerian National Petroleum Corporation...

Oil Sector Receives N3.42 Trillion Credit From Banks A gas flare burns at the Batan flow station operated by Chevron under a joint-venture arrangement with the Nigerian National Petroleum Corporation (NNPC) for the onshore and offshore assets in the Niger Delta region on March 26,...