The federal government on Tuesday officially launched a new set of fiscal incentives to rejuvenate Nigeria’s ailing oil and gas industry, stressing that it aims to attract about N10 billion in investment between the next 12 months to 18 months.…
The International Monetary Fund (IMF) has revised Nigeria’s economic growth downward by 0.3 percentage points due to weaker oil and gas production. This was stated in the 2023 World Economic Outlook released on Tuesday, October 10 at its ongoing Annual…
THE NATION Delta Governor, Sen. (Dr) Ifeanyi Okowa, on Wednesday commended the Nigerian Navy for its collaborative role in providing security for the nation’s oil assets. Okowa gave the commendation when he received the Flag Officer Commanding (FOC), Central Naval…
THIS DAY President Muhammadu Buhari yesterday called on the operators of Nigeria’s oil and gas industry to search for more efficient ways of exploiting the commodity to reduce the cost of production per barrel. He said at the fourth edition…
LEADERSHIP.NG Nigeria has scaled up award of contracts to indigenous firms to the tune of $6 billion out of estimated $20 billion annual value of contracts in the oil and gas industry, following sustained implementation and monitoring of the Nigerian…
NAIRAMETRICS In 2018 the Nigerian Content Development and Monitoring Board (NCDMB), the body saddled with driving the development of Nigerian content in the Nigerian oil and gas sector, did a groundbreaking of the Nigerian Oil and Gas Park Scheme (NOGAPS),…
THIS DAY 2020 was a tumultuous year for the oil and gas industry. Though characterized by highs and lows, with the disastrous impact of the COVID-19 pandemic, the industry witnessed arguably the most traumatic occurrences in history last year. It…
NAIRAMETRICS The Nigerian Oil and Gas sector has been the lifeline of the economy over the years and this has been a source of concern to both local and foreign stakeholders. In this interview with Dr. Jide Agunbiade, Director, National…
ENERGY MIX REPORT With many Oil and Gas Companies struggling to stay afloat amid the current market situation, exploration activity in the country has suffered a decline as the number of active rigs fell by 33.33 per cent in July.…
RIPPLES NIGERIA The future does not belong to oil despite the fact that 90 per cent of Nigeria’s foreign exchange and 86 per cent of its total export earnings derive from oil. In its latest Nigerian Oil and Gas Industry Annual Report, the…
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