LONDON/BRUSSELS, April 8 (Reuters) – Nigeria’s state-oil company NNPC owes around $3 billion to fuel traders for imported petrol, three sources told Reuters, as the tumbling naira currency and rising global fuel prices have increased the effective subsidy it is…
The Petroleum and Natural Gas Senior Staff Association of Nigeria, (PENGASSAN), has urged President Bola Ahmed Tinubu to deploy more military personnel to the Niger Delta, to halt crude oil theft, and generate more revenue for the country. Comrade Festus…
BLOOMBERG A local government in the Niger Delta is disputing the conclusion of an investigation over who was to blame for a five-week oil spill, with potentially significant implications for affected communities’ prospects of securing compensation. Lagos-based Aiteo Eastern E&P…
PREMIUM TIMES The lead story in ThisDay newspaper of December 30, 2021 brought the year to a close with a reminder of one of the many ills that bedevil Nigeria, encapsulated in a telling headline: “With Rising Theft, Nigeria Records…
VANGUARD NEWS Nigeria’s oil output dropped year-on-year, YoY, by 13 per cent, to 1.346 million barrels per day, mb/d, in October 2021, from 1.540 mb/d in 2017, according to the Organization of Petroleum Exporting Countries, OPEC. Data obtained from Monthly…
PM NEWS Vice President Yemi Osinbajo said Nigeria is now earning more revenue from non-oil and gas exports. The Vice President said this at the Nigerian Society of Chemical Engineers (NSCHE) 51st Annual International Conference/AGM on Thursday in Lagos. He…
THE GUARDIAN The lingering economic impact of the COVID-19 pandemic, no doubt, is disrupting traditional financial inflows, especially, in sub-Saharan Africa, and as experts noted, it is equally revealing “the need to strengthen domestic resource mobilization in the region.” This…
DAILY TRUST The Federal Government has inaugurated a technical committee for the monitoring of Premium Motor Spirit (PMS) price framework in the country. Minister of Labour and Employment, Chris Ngige, who inaugurated the committee on Monday in Abuja, said that…
THE NATION The people of Okpoama Community in Brass Local Government Area of Bayelsa State have reported an oil spillage at an oilfield operated by Nigeria Agip Oil Company (NAOC). A community spokesman said the pollution was causing untold hardships…
VANGUARD A Niger Delta group, Coalition of Riverine Deltans, CoRN, has said states in the Niger Delta region should control their oil/gas resources same way Zamfara state government in the North has been left by Federal Government to oversee resources…
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