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Vandals doing harm to economy, NNPC cries out

Vandals doing harm to economy, NNPC cries out

The Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru, has appealed to oil pipeline hackers to desist from such nefarious act which, according to him, is not only harmful to the environment, but equally hazardous to the pipeline vandals and the economy. Speaking while receiving a delegation of the Nigerian Environmental… READ MORE

How Falana’s Letter to Kachikwu Exposed Nigeria’s Huge Losses in Deep Offshore PSCs

How Falana’s Letter to Kachikwu Exposed Nigeria’s Huge Losses in Deep Offshore PSCs

Indications have emerged that a letter written by a human rights activist and Senior Advocate of Nigeria (SAN), Mr. to the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, when he was the Group Managing Director of Nigerian National Corporation (NNPC), exposed Nigeria’s huge losses in the Production Sharing Contracts (PSCs) signed with the… READ MORE

Nigeria talks tough, may force oil firms to lower production cost

Nigeria talks tough, may force oil firms to lower production cost

The Minister of State for Petroleum Resources, Ibe Kachikwu, on Monday said Nigeria may force oil companies  to lower production costs if negotiations fail. According to Mr. Kachikwu, countries like the United Arab Emirates had cut costs significantly, saying they are the lowest-cost producers in the world. The minister said this at the opening ceremony… READ MORE

‘Why Cooking Gas Price Has Not Crashed in Nigeria’

‘Why Cooking Gas Price Has Not Crashed in Nigeria’

The President of the Nigerian Liquefied Petroleum Gas Association (NLPGA), Mr. Dayo Adeshina has explained that the price of Liquefied Petroleum Gas (LPG), better known is cooking gas has not crashed to the expectations of Nigerians because infrastructural challenges have hindered the plan by the Nigeria LNG Limited to bring one LPG vessel from its… READ MORE

How corporate governance can affect Nigeria’s development

Corporate Governance is not just about how a company is directed and controlled to maximize performance and ensure accountability to stakeholders. Better governance practices and processes have become imperatives for both national and global economies. A company that is run very efficiently and responsibly will perform very well and ultimately contribute to strengthening the economy…. READ MORE

BREAKING: FG Emerges With New Petroleum Policy

BREAKING: FG Emerges With New Petroleum Policy

LAGOS—The Federal Government has emerged with a new National Petroleum Policy, targeted at bringing about restructuring, new legislation and value addition in the oil and gas industry. The policy, which has already been approved by the Federal Executive Council, defines the strategy of the government with respect to Nigeria’s oil resources. The implementation of the… READ MORE