NNPC Ltd explains role in divestment of International Oil Companies
The Nigerian National Petroleum Company Limited (NNPC Ltd), as the largest partner to all the oil producing companies in Nigeria, has assured that its role in the divestment of the…
Divestment of oil and gas assets by IOCs still work in progress: NUPRC
The attention of the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, (“Commission”) has been drawn to the ongoing discussions in the social media suggesting that certain International Oil Companies (“Divesting Companies”)…
Nigeria oil enters unclear new era after Shell’s onshore asset sale
Jan. 29, 2024 Shell’s exit from Nigeria’s onshore oil sector highlights risks oil majors face in Africa’s biggest exporter but has raised hopes that local firms could reverse the output…
Exposed! How indigenous oil operators violate Nigerian Content Act through tax
The Nigerian Content Development and Monitoring Board (NCDMB) has raised the alarm, saying indigenous oil operators have turned out to be serial violators of the Content Act by under-remitting taxes…
MWUN notice: ANLCA says planned shutting down of port will cripple economy
March 14, 2023 The Association of Nigeria Licensed Customs Agents (ANLCA) says the planned shutting down of Nigerian ports by the Maritime Workers Union of Nigeria (MWUN) will cripple the…
Environmental pollution: FG to apply principles of polluters pays’ to help in remediation efforts of polluted communities
Nov. 1, 2022 …Institute an environmental task force, to sanction erring companies, local collaborators The Federal Government on Monday says it is set to institute an environmental task force on…
FG earns over 1m euros from first recorded carbon credits sale through partnership – NAPIMS
June 9, 2021 Mr. Bala Wunti, Group General Manager, National Petroleum Investment Management Services (NAPIMS) says Nigeria has earned over one million euros from sale of carbon credits through its…
Petroleum products: We have made adequate provisions for the Yuletide – NNPC
The Nigerian National Petroleum Corporation (NNPC), says it has made adequate preparations for a yuletide in which petroleum products will be in abundance across the nation. This is according to…
Nigeria seeks $62 billion from oil companies -Attorney general
Nigeria is seeking $62 billion from oil companies under regulations that allow the government to revisit revenue-sharing deals on petroleum sales if crude prices exceed $20 a barrel, the attorney…
Key into Nigeria’s Gas Commercialisation Policy For Gas Development- FG Urges IOCs
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu has urged ExxonMobil and other International Oil Companies (IOCs) operating in Nigeria, to key into the gas commercialization policy of…