OIL & GAS
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FG issues guideline to retain oil sector spending in Nigeria
The Federal Government has developed and issued an insurance guideline to drive the retention of oil sector financial spending…
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FG approves governing board for power liability company
The Federal Government has approved a governing board for the Nigeria Electricity Liability Management Company Limited. It announced this in…
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Nigeria Lost N500.6bn Crude Oil In Five Months – Investigation
— As Production Slumps By 11.63 Million Barrels Revenues accruable to Nigeria from the sale of crude oil crashed by…
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Nigeria Earns $1bn From Gas Export To Portugal
…Plans massive gas export to Portugal in next 5 years – Kyari Nigeria has earned over $1 billion from…
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Nigeria’s oil production threatened as operators shut wells over rising theft
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has expressed concerns about the country’s production capacity, citing cases of deliberate shut…
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Shell suspends multibillion-dollar assets sale in Nigeria
Shell Group says it has suspended the divestment of its interest in its Nigeria subsidiary-Shell Petroleum Development Company The IOC…
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Marketers deny FG’s N74bn payment, warn of massive fuel queues
Oil marketers on Thursday warned that Nigeria could witness “the mother of all queues” from next week if the Federal…
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NCDMB sensitises law agencies to local content
Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, has called for collaboration among stakeholders, including law…
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Well operated by Eroton spills crude oil in Niger Delta
An oil well located on a site operated by an indigenous firm, Eroton Exploration and Production Limited, has been spilling…
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Kebbi allocates land for 5,600MW solar power project
The Kebbi State Government has allocated 200 hectares of land to a private investor to set up a 5,600 megawatts…
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Buhari approves, releases N41.6bn take-up grant for presidential power programme
The President, Major General Muhammadu Buhari (retd.), has approved and released $100m (N41.6bn at the official exchange rate of N415.63/$) as…
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FG’s autogas plan stalls amid costly diesel, poor planning
• Failure frustrates conversion scheme from diesel to CNG, petrol engines• FG explains progress despite low enrollment• We can’t afford…
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House grills NNPC officials over $49m refineries contract
The House of Representatives’ Ad Hoc Committee on the State of Refineries in Nigeria, on Thursday, faulted a $49m…
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We’ll use Nigeria’s vast gas resources as transition fuel – NNPC
The Nigerian National Petroleum Company Limited has said it would use the vast gas resources across the country as a…
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Fuel scarcity: Marketers rally against NNPC’s monopoly
Oil marketers have urged the Federal Government to put an end to the monopolistic privilege enjoyed by the Nigerian National…
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Despite N4tr subsidy, empty depots trigger new charges, petrol scarcity
• Fuel scarcity gets messier as depots run out of stock• Independent marketers push for hike, sell at N180-N200/litre• Northern…
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Nigeria rallies support for $13bn Trans-Saharan gas pipeline
Several European countries asking us for gas supply, says FG The Federal Government on Monday charged all parties –…
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Scarcity hits Lagos, Abuja, fuel sells N180/litre as NNPC cuts supplies
Fuel queues hit major cities of Lagos, Abuja and Ogun on Monday, forcing motorists to spend hours at filling stations.…
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FG orders DisCos to resume free metre distribution
…45 local metre manufacturers jostle for FG’s contract The Federal Government has given instructions to electricity distribution companies to resume…
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Presidential power programme to gulp N991.99bn in first phase – FG
The total funding requirement for the first phase of the Presidential Power Initiative is €2.3bn (N991.99bn at the official exchange rate…
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