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Tag: oil and gas

Dangote Refinery Receives Fourth Crude Shipment

Dangote Refinery
Dangote Refinery has received the fourth crude shipment of one million barrels of bonny light crude supplied by the Nigeria National Petroleum Corporation Limited (NNPCL). Preparations are in top gearRead More

Malabu: Transfer Of OPL 245 Asset Got Presidential Approval, Documents Show

Malabu Oil & Gas Limited
The transfer of Oil Prospecting Licence (OPL) 245 after a 2006 out-of-court settlement between the federal government and Malabu Oil & Gas Limited got the approval of former President OlusegunRead More

FG to Release List Of Real Owners Of Nigeria’s Oil, Gas Assets In January

The Executive Secretary of NEITI, Dr. Ogbonnaya Orji
The federal government will next month make public the real owners of oil, gas and mining assets in the country through a National Beneficial Ownership (NBO) register. The data toRead More

NNPC’s Monthly Deductions From FAAC Hit N200bn In December

Nigerian National Petroleum Corporation (NNPC)
Nine-month petrol subsidy payments gulp N1.027tn FG vows to tackle cooking gas price hike Says PIA will boost per capita consumption of the product The Nigerian National Petroleum Corporation (NNPC)Read More

CJN Moves To Save Judiciary, Summons Justices Over Conflicting Court Orders

Justice Ibrahim Tanko Mohammed
Says NJC has always warned judicial officers to be circumspect in granting Exparte NBA threatens to sanction erring senior members SANs welcome Muhammad’s intervention The Chief Justice of Nigeria (CJN),Read More

FG Mulls Extension of Petrol Parity Fund To Gas Supply Nationwide

Petroleum Products Pricing Regulatory Agency (PPPRA)
The Federal Government yesterday indicated that it is considering extending the current equalisation scheme in the petrol supply system in the country to the movement of gas across the countryRead More

AGF to Assist NEITI In Tracking Oil Revenues

Accountant General of the Federation, Ahmed Idris
The Accountant General of the Federation (AGF), Mr. Ahmed Idris, yesterday vowed to support the Nigeria Extractive Industries Transparency Initiative (NEITI) in tracking oil and gas revenues due to theRead More

Seplat Blazes Trail, Issues Historic $650m Five-year Bond

Seplat Petroleum Development Company Plc
Becomes largest-ever Nigerian oil and gas bond issuer Seplat Petroleum Development Company Plc (Seplat), a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange (NSE) and theRead More

FG Mulls Incentives For Banks To Restructure Oil Firms’ Debts

Minister of State for Petroleum Resources, Chief Timipre Sylva
DPR remits N2tn to govt coffers The Federal Government is considering a regulatory forbearance for banks to encourage them to restructure oil companies’ loans. Minister of State for Petroleum Resources,Read More

NNPC Spent N126bn On JV, Oil Search In January

Nigerian National Petroleum Corporation (NNPC)
The Nigerian National Petroleum Corporation (NNPC) funded its Joint Venture oil and gas assets, which it holds with mostly multinational oil companies, with a total of N104.7 billion in January,Read More