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...

NCDMB, DPR To Check Abuse Of Expatriate Quota In Oil Sector   All companies seeking to engage expatriates in the Nigerian oil and gas industry must henceforth ensure they obtain the relevant approvals from Nigerian Content Development & Monitoring Board (NCDMB), before applying for Expatriate quota,...

Delayed PIGB, Militancy'll Top Challenges For Oil Sector In 2020   Continued pipeline disruptions, delay in passing the Petroleum Industry Governance Bill (PIGB) as well as other issues, may drag necessary reforms needed for growth in Nigeria’s oil and gas sector this year. Indeed, Economic Confidential had...

China Invests $16bn In Nigeria's Oil Sector   Chinese investment in Nigeria's oil and gas industry has reached $16 billion, according to Nigeria's state-run oil company. While Nigeria's oil industry welcomes China's interest, analysts worry about a lack of transparency in the sector and slow development...

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...