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 […]
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
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
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
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
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
The incoming All Progressives Congress (APC) Government has accused President Goodluck Ebele Jonathan of “defecating in the seat” he is vacating. This very graphic but unpalatable imagery used to describe the outgoing government is perhaps excessive and if one were to search for a more diplomatic way to cast it, it might go something like, […]
IF the Nigerian National Petroleum Corporation (NNPC) and the incoming government made good of their promises, Nigeria may be inching towards attaining self sufficiency and eventually become a net exporter of refined petroleum products by 2020. Read more
Chief executives from major oil companies and senior government officials from several oil-producing countries met in the United States of America at the weekend and demonstrated a commitment to end the practice of routine gas flaring at oil production sites globally latest by 2030. Read more
The anticipated growth in participation of indigenous firms in the Nigerian oil and gas industry may have begun to manifest as indications emerged that about $12 billion worth of projects were implemented by the companies last year. With this development, stakeholders believed the indigenous firms have firmly established their footprints in the sector Read more