The Agusto & Co. 2020 Oil & Gas Downstream Report revealed that the growth of the Nigerian Oil and Gas Downstream Industry remains hindered by the lack of substantial investments,…
Nigeria to set up oil and gas museum in Oloibiri PrintEmail
The Nigerian government is setting up an oil and gas museum with private sector participation in Oloibiri, Bayelsa State in the Niger Delta Area, where Shell D’Arcy, a forerunner of…
Nigeria gas network code into effect
The Nigeria Gas Transportation Network Code (NGTNC) is officially up and running. This marks an important step in making 2020 the year of gas. Nigerian Minister of State for Petroleum…
NNPC signs $1.5bn export finance facility
The United Bank for Africa (UBA) has participated in a consortium to lend $1.5 billion to Nigerian National Petroleum Corp. (NNPC) and its upstream Nigerian Petroleum Development Co. (NPDC) unit.…
Nigeria: Stakeholders want efficient fiscal policy for oil, gas sector
Stakeholders in the oil and gas sector have called for an efficient and attractive fiscal policy in the oil and gas sector to help drive investment and infrastructure development in…
Nigeria oil and gas operators pledge million of dollars to mitigate effects of COVID-19
National oil company Nigerian National Petroleum Corporation (NNPC) has said 53 per cent of the US$58mn pledged as medical intervention by the oil and gas industry group in the fight…
Oil Falls Amid OPEC Market Share Battle, Virus Woes
(Bloomberg) — Oil resumed its slide alongside equities after Saudi Arabia said it would raise its production capacity and the World Health Organization declared the coronavirus a pandemic. Futures declined…
FIRS targeting N4tn tax from oil and gas companies
The Federal Inland Revenue Service (FIRS) expects to rake in N4 trillion as tax revenue from the extractive sector of the Nigerian economy in the 2020 fiscal year. A statement…
Oil prices jump 2% as virus vaccine reports spur hope
New York — Oil prices jumped about 2% on Wednesday on media reports that suggested scientists were developing a vaccine for the fast-spreading coronavirus, even as world health experts said treatments…
Nigeria, India to partner on energy security
Nigeria and the Republic of India have pledged to work more closely to enhance energy security of both countries. The consensus came on the heels of a visit Tuesday in…
