PIB: Senate Limits Fuel Imports To Dangote, Others       If the new provision on fuel imports inserted by the Senate in the Petroleum Industry Bill is adopted by the House of Representatives and the President, only active refinery licence holders will be allowed to import petroleum...

In Five Months, NNPC Rakes In N1.088trn Revenue       The Nigerian National Petroleum Corporation (NNPC) made a total revenue of N1.088.88 trillion in the first five months of 2021, a Federation Account Allocation Committee (FAAC) document detailing its operations for the period has shown. The figure is...

PIB To Be Passed This Month - Lawan       The long-awaited passage of the Petroleum Industry Bill (PIB) may be around the corner as the Senate President, Ahmad Lawan has said that the bill would be passed into law this month. He made this known at the...

Dangote’s Business Tactics Harmful To Nigerian Economy, Says U.S         “Dangote model will likely be the one most emulated until its beggar-thy-countrymen contradictions become more apparent.” The United States described the Dangote Group of Companies’ business strategies as disastrous to the Nigerian economy. Owned by Africa’s richest man,...

FG, Shell In Talks Over Sale Of Nigerian Oil Assets       The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said the Federal Government is in talks with Shell over the planned sale of the company’s stakes in Nigeria’s onshore oil assets. The Nigerian oil...

Petroleum Sector Reforms: Let’s Say No To The Cannibals By Ojie Ejemhen There is no doubt that the downstream sector of the nation’s petroleum industry requires fundamental reforms to restructure its operations and reset its priorities and national objectives to align with globally accepted standards. Over...