Business Hilights

Tracking Nigeria's Headline Business News Online

National Petroleum Policy (NPP)

Over half of nation’s daily oil production lost to militancy—Minister

Contrary to speculations that attacks on oil installations have waned, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has traced loss of more than 54 per cent of crude oil to attacks and pipeline vandalism in oil communities….

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…

New NPP avails oil communities to participate in block allocations

A policy that may seem as the magic wand to permanently end hostilities in Niger Delta has been signed by the federal government. This is called the National Petroleum Policy (NPP). Key provision coming with policy include the participation of…