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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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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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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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Buhari’s Oil Policy To Focus First On Reform

President-elect Muhammadu Buhari plans to focus on ending corruption and reforming the Nigerian National Petroleum Corporation (NNPC) before looking into other reforms in the oil sector, it has emerged. Read more

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Nigeria loses N8bn to gas pipeline vandalism

Nigeria has lost a minimum of N8.04 billion since January, to the incessant vandalism of the country’s gas pipelines, according to the Nigerian Gas Company, NGC, a subsidiary of the Nigerian National Petroleum Corporation, NNPC. - See more

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FG proposes $78 oil benchmark for 2015 budget

The Federal Government has proposed $78 as the benchmark price for a barrel of crude oil and fixed the exchange rate at N160 per dollar for the 2015 national budget. The projection, which was contained in the Medium Term Expenditure Framework and Fiscal Strategy Paper sent to the Senate by President Goodluck Jonathan on Wednesday, was $4 higher than this year’s benchmark. Read more

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PIB report almost ready – Senator

The Chairman, Senate Committee on Gas, Senator Nkechi Nwaogu, on Wednesday confirmed that the joint committee currently working on the Petroleum Industry Bill had almost concluded its assignment and would soon present the report for final approval and passage by the upper chamber. Senate President, David Mark, had in Lagos last week assured Nigerians that the bill, which is expected to bring sanity to the oil and gas industry, would be passed into

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Relocate tank farms to reduce convergence of fuel tankers, LCCI urges FG

The Lagos Chamber of Commerce and Industry, LCCI, has urged the Federal Government to relocate the tank farms to reduce the convergence of fuel tankers on the Apapa corridor. Read More

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Nigeria Oil Theft At Highest Level In Years

Nigeria is facing its worst oil crisis in years, as the country is losing billions of dollars due to theft. In Southern Ijaw in Bayelsa State, Al Jazeera's Rawya Rageh follows an oil theft arrest and the destruction of multiple illegal refineries for stolen crude. Read more

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