Beware of all Chinese infrastructure financing deals’, Expert warns FG
Leading development economist, Dr. Ken Igboanugo has warned the federal government especially the ministries of Transportation and Petroleum to be very careful before signing any infrastructure financing deals with banks from China to avoid tiny terms and conditions that will…
Is it Boko Haram or poor planning that frustrated N/East oil search?
Even at the peak of the war in Libya and Iraq, several oil exploration activities were going on. In Mosul, the key theater of war in Syria today, serious oil activities are still ongoing. These businesses are still ongoing because…
Finally, NNPC agrees to return budget surplus at the end of the year
Before now, one of the issues hampering federal government’s finances and accounting system has remained delays and at times, blatant refusals by Ministries, Departments and Agencies (MDAs) to return surplus funds that were not used within a budget regime. In…
Meter Nigeria’s daily oil production, Oduah tells NNPC
Vice Chairman, Senate Committee on Women Affairs Senator Stella Oduah, has called for introduction of application that can serve as metering system to enable Nigerians to know the country’s exact daily oil production. According to him, the metering facility would…
FG summersaults, ready to sell refineries commercially unviable
Contrary to previous pronouncements by the federal government that it has no plan to either sell or concession any of the four nation’s refineries, indications have emerged that there are fresh plans to put both Warri and Kaduna refineries on…
FG halts oil exploration in Northern Nigeria as 48 corpses arrive UMTH
The federal government on Thursday, halted further exploration and search for oil and gas in any part of the northern Nigeria including Chad Basin and Benue hydrocabon region. The announcement was made by the Minister of State for Petroleum, Dr….
Kachukwu clears air, says no plan to sell, concession or abandon any refinery, but…
After months of silence on what actually transpired between the Minister of State for Petroleum Resources and the ANI Agip group of Italy and Oando Nigeria, the Minister, Dr. Ibe kachukwu has come out to claim that “There has been…
Lost 25 million barrels of crude in March not linked to vandalism—NNPC
Contrary to trending news that loss in crude oil in the month of March were from oil installations vandalism, intelligence secured from credible sources at the Nigerian National Petroleum Corporation (NNPC) showed that they were caused essentially by challenges like…
Osinbajo clears air on rumours of further rise in pump price, deregulation
Acting President Yemi Osinbajo has apparently put to rest, rising speculations and mainly certain body language coming from the NNPC on further deregulation of the downstream sector, saying the Federal Government has no plan to deregulate the downstream sector of…
Confusion as NEITI insists no evidence of remitting $15.8bn NLNG dividend by NNPC
Contrary to claims by the Nigerian National Petroleum Corporation (NNPC) that it has completed the remittance of $15.8bn dividend payment from Nigeria Liquefied Natural Gas (NLNG), the industry accounting watchdog, NEITI has refuted the claims, saying there is no evidence…
