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Buhari sits on own committee report, as Nigerians suffer in fuel queues nationwide

Buhari sits on own committee report, as Nigerians suffer in fuel queues nationwide

As  the current nationwide fuel supply crisis enters its 13th week, President Muhammadu Buhari appears to be sitting on the report of a committee he constituted to proffer lasting solutions. Despite efforts by the Nigerian National Petroleum Corporation (NNPC) to ensure resolution of the crisis, the scarcity of petroleum products at filling stations across the… READ MORE

If Nigeria can attract Total’s $16bn investment it shows we are moving in the right direction – Senate

If Nigeria can attract Total’s $16bn investment it shows we are moving in the right direction – Senate

Lagos – Mr Solomon Adeola, the Chairman Senate Ad hoc Committee on Local Content, has commended the management of Total Upstream Nigeria Limited (TUPNI) on its 16 billion dollars (N5.76 trillion) Egina project in Nigeria. Adeola, who gave the commendation during the committee’s oversight function in Lagos on Friday, promised total support for the local… READ MORE

Oil, Gas Investment: Local, foreign investors consider opportunities in Nigeria

Oil, Gas Investment: Local, foreign investors consider opportunities in Nigeria

Local, foreign investors consider opportunities New petroleum policy excites investors Lull in oil market, budget cut, militancy constitute new threats Stakeholders to propose alternative funding, other measures as NIPS opens in Abuja With over 36 billion barrels and 192 trillion standard cubic feet of oil and gas respectively, Nigeria stands tall as a leading petroleum… READ MORE

Bill to encourage purchase of gas-powered vehicles scales second reading

Bill to encourage purchase of gas-powered vehicles scales second reading

A bill for an act to amend the National Automotive Council Act, 2004, on Thursday, scaled the second reading at the house of representatives. The bill seeks to introduce a new alternative vehicular transportation to utilise Nigerian gas. It also seeks to tap into the nation’s gas master plan which to end Nigeria’s “wasteful” gas… READ MORE

Nigeria’s Senate launches Brass LNG corruption investigation

Nigeria’s Senate launches Brass LNG corruption investigation

Nigeria will hold an investigation into alleged corruption involving the state oil firm’s long-awaited Brass LNG project, including questions over the use of government funds. The Nigerian National Petroleum Corporation’s (NNPC) liquefied natural gas project has been stuck in the planning stages for more than a decade, with some Western partners having pulled out because… READ MORE

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