Oil Industry Oversight, Regulation and Management

The Bane of Corruption in Business Practices in the Private Sector

Being Paper Presented at the 8th Annual Forum of The Laureates of the Nigerian National Order of Merit (NNOM) and the Award Winners’ Lecture. Introduction Nigeria is the worlds’ 15th most corrupt nation, according to Transparency International’s Corruption Perception Index and people everywhere have learned to be extra cautious when doing business in or with Nigeria. Generally as a result of the 419 scourge, countries around the world are weary

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For the CBN, have the Chickens finally Come Home to Roost?

So Nigeria has not fallen over because it was de-listed from the J.P Morgan Emerging Markets, Government Bond Index (EM-GBI). JP Morgan suggested that Nigeria’s foreign exchange regime has lacked desirable levels of liquidity and transparency; they also suggested that Nigeria lacked a fully functional two-way market. CBN refuted the JP Morgan claims avowing that all legitimate demands for forex are being met; all forex transactions now take place

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Funds for Development?

The President of the Federal Republic of Nigeria has just sacked his National Security Adviser and relieved the Service Chiefs of their Jobs. For some, this move was long overdue for others it simply adds to the trepidation of the wait as he still seems to be playing his cards very close to his chest. Who will be next? (more…)

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Shell Collaboration: 27 Nigerian, British firms agree partnerships

A total of 27 partnerships have been agreed by Nigerian and British companies under the auspices of the annual Nigeria-UK engagement programme sponsored by the Shell Nigeria Exploration and Production Company Limited (SNEPCo) Read more

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Nigeria’s Revenue Dipped As Oil Sales Dropped – FIRS Boss

The Federal Inland Revenue Service tax collection from the oil industry in the month of March 2015 was the worst performance from the oil industry in the last 15 years. Read more

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Fuel Scarcity: NNPC assures Nigerians of adequate supply

The Nigerian National Petroleum Corporation (NNPC) on Tuesday said it had stepped up efforts to maintain stability in the supply and distribution of petroleum products nationwide, allaying fears of any fuel scarcity. Read more

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Buhari Promises Reforms And New Policies In Oil And Gas Sector

The Nigerian President, Muhammadu Buhari, has promised that his administration will undertake appropriate reforms and implement fresh policies to boost national income from oil and gas production. Read more

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National Assembly urged to review Petroleum Industry Bill

Some experts in the Nigerian oil and gas industry on Monday called on the leadership of the new National Assembly to review the Petroleum Industry Bill (PIB) passed by the 7th House of Representatives. Read more

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Nigeria LNG exports reach $85 billion in 15 years

Nigeria Liquefied Natural Gas Company Limited (NLNG), a joint venture between the government and foreign oil majors, has generated some 85 billion dollars from exports since its inception 15 years ago, the company announced late Friday. Read more

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Court rejects Agip’s objection in gas plant case against Arco

A Federal High Court in Port Harcourt, Rivers State, has rejected an argument by oil firm, Agip, questioning the court’s powers to hear a gas plant maintenance contracts suit, brought by a local company, Arco. Read more

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