Headlines

NASS, stakeholders seek transparency, accountability in oil & gas sector

Ihesiulo Grace 10 November 2022 0

By Tom Okpe To boost the country’s revenue, the National Assembly and other critical stakeholders have called for measures to enhance transparency and accountability in the oil and gas sector. The stakeholders spoke at the legislative transparency and accountability summit organised by

Oil & Gas

Nigeria to account for 24% of oil gas projects in Africa

Ihesiulo Grace 10 June 2022 0

By Godwin Anyebe Nigeria has been projected to account for about 24 per cent of the total projects starting up in Africa by 2026, with more than 100 oil and gas projects expected to commence in Nigeria during the forecast period. According to reports shared by GlobalData, among the upcoming refinery projects in Nigeria, the […]

News

COVID-19: Ortom releases another N1000m as firm donates 200- bed facility

Ihesiulo Grace 5 April 2020 0

Benue state government has released another N100 million to the action committee on covid-19 spread even as an oil and gas company has donated 200 beds to fight the disease in the state. In a joint briefing at Benue Peoples House Makurdi on Sunday, Information, Culture and Tourism Commissioner and that of health and human […]

Covid-19 Featured Headlines

Coronavirus: Real sector, capital market to lose N10trn

Ihesiulo Grace 30 March 2020 0

…As confirmed cases rise to 111 in 11 states and Abuja …Dangote, Ovia, Rabiu, others donate billions to FG …Renown economist, Prof. Obadan raises alarm on micro-economic impact The Coronavirus (COVID-19) pandemic is fast having a ripple effect on Nigeria, crippling virtually all sectors of the economy, leading experts to predict that the Oil and […]

Business News

Innovation, technology remain key to transforming oil and gas sector, says Kari

Ihesiulo Grace 21 November 2019 0

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, has maintained that innovation and technology are key drivers to transforming the oil and gas sector and by extension improving the nation’s economy. Mr Kyari, who was the special guest of honour at the 37th Annual Conference and Exhibition of the […]

News Politics

Buhari has abandoned Rivers state, lawmakers cry out as they protest over deplorable state of roads

Ihesiulo Grace 10 September 2019 0

Nneka Nwogwugwu Rivers State National Assembly members have alleged that the administration of the Muhammadu Buhari led government has totally abandoned Rivers State, especially in the area of infrastructural development. The house made this known on Monday, while observing a peaceful protest on the Aleto/Akpajo Bridge along the East-West road in Rivers State to draw […]

Energy

Oil industry to receive major boost as Pan Ocean’s new projects near completion

Ihesiulo Grace 23 October 2018 0

The oil and gas industry in Nigeria is gearing for improved productivity as oil major, Pan Ocean Oil Corporation (Nigeria) limited reaches the final stage of construction of three of its major projects. The three projects: The Ovade-Ogharefe gas processing plant, Owa-Alidinma flow station and the Amukpe-Excravos Pipeline which is an underground pipeline designed to […]

Business

Pan Ocean’s multimillion-dollar pipeline to deliver value in 2019

Ihesiulo Grace 3 October 2018 0

The massive investment that Pan Ocean, a leading indigenous oil and gas sector player has made in its Amukpe-Escravos Pipeline Project (AEPP) is set to begin to pay off in 2019 and beyond as the project enters completion stage. The 67-kilometer pipeline project was jointly initiated by state-owned oil company, the Nigerian National Petroleum Corporation […]

Business Headlines

Oil coys to invest $17.3bn in new projects

Ihesiulo Grace 20 August 2018 0

Several ongoing key oil and gas projects in Nigeria, in the next seven years, will receive huge investments boast by the International Oil Companies (IOCs) with as much as N6.23 trillion ( $17.3 billion, so says a global data report on oil and gas. According to the report, a capital expenditure of $40.7 billion is […]

News Nigeria

Federal Poly of Oil & Gas mission accomplished, say Sen Ucha

Ihesiulo Grace 26 June 2018 0

Chairman of the Governing Council of Federal Polytechnic of Oil and Gas, Bonny, Rivers state, Senator Julius Ucha yesterday disclosed that the mission given to them by President Muhammadu Buhari since June, 2017 has been accomplished. Ucha, is a Chieftain of All Progressives Congress (APC) in Ebonyi state and the 2015 governorship candidate of the […]

Oil & Gas

NNPC resolves to encourage local investors

Ihesiulo Grace 24 March 2018 0

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Dr. Maikanti Baru, has restated the corporation’s commitment to support indigenous companies operating in the oil and gas industry to grow to their fullest potential.   The GMD who stated this in Lagos on Thursday at the official unveiling of 11 new helicopters to […]

News

NNPC sues against vandalism, profiteering in South-East

Ihesiulo Grace 24 March 2018 0

The Nigerian National Petroleum Corporation, NNPC, has posited that it is their desire to ensure the steady supply of all the petroleum products to every nook and cranny of Nigeria especially in the South East of the country if only the marketers will stop profiteering and devious men stop vandalising the pipelines.   The Group […]

Capital Market

Oil&Gas, Consumer goods strengthen equities’ market 0.68 per cent gain

Ihesiulo Grace 11 March 2018 0

The equities market has recorded a positive end to the first full week of trading in March as lead market indicator, the All- Share Index (ASI), appreciates 0.68 per cent for the week ended Friday, March 9, 2018. The ASI settled at 43,167.86 points from 42,299.56 points recorded at the beginning of March, as a […]

Headlines

NNPC declines giving details on its finances, says it’s not bound by the freedom of information act

Ihesiulo Grace 2 March 2018 0

The Nigerian National Petroleum Corporation (NNPC) has declined to give information on its own revenue, subsidy payments and other remittances made since the advent of the current administration, saying the Freedom of Information Act does not apply to it as an organisation. The corporation made this known this in its response to an FOI request […]

Business

Petroleum summit successful, says Osinbajo

Ihesiulo Grace 23 February 2018 0

…as Kachikwu targets full refining production 2019 As the Nigeria international petroleum summit ended, Nigeria’s Vice-president Professor Yemi Osinbajo, has said that the success of the summit has provided a platform for oil and gas exploration in Africa to thrive after decades of wobbling. Osinbajo said this while declaring close a week-long international oil

Headlines News

FG working to enhance status of oil & gas in nation’s economy

Ihesiulo Grace 20 February 2018 0

.To raise domestic refining by 90 per cent in 20 months The Federal government of Nigeria, has said that the country will sooner than later become one of the world biggest economy through oil and gas exploration, just as the new initiative of Nigeria international petroleum summit NIPS is designed to introduce latest technology and […]

Energy

Nigeria’s one of the cheapest country to buy petrol

Ihesiulo Grace 9 January 2018 0

Nigeria is the eighth cheapest place in the world to buy petrol according to a report by Bloomberg. The report explained that Nigeria’s selling price of N145 (equivalent to $0.40 per litre) and $1.52 per gallon makes it one of the 10 cheapest places in the world to buy gasoline compared to a global average […]

Business Headlines

Nigeria economy expands 1.4% in third quarter

Ihesiulo Grace 20 November 2017 0

Nigeria’s economy expanded in the third quarter 2017, as oil production output increased. The gross domestic product of Africa’s largest crude producer expanded 1.4 percent in the three months through September from a year earlier, compared with a revised 0.72 percent in the second quarter, according to the report by National Bureau of Statistics released […]

News

Danbatta proffers ICT solutions to Nigeria’s dependency on oil, gas

Ihesiulo Grace 10 November 2017 0

Nigeria’s cycle of dependency on oil and gas has a solution in the telecom industry if proper emphasis and strategies are adopted to diversify and harness her ICT strategies and potentials. This was the fulcrum of Prof. Umar Garba Danbatta’s submission recently when he addressed the academic community at Bayero University, Kano. Prof. Danbatta, the […]

Entertainment Society

Princess Toyin Kolade Remembers Mother One year after

Ihesiulo Grace 21 October 2017 0

Princess Toyin Kolade is a successful businesswoman and socialite, who has her hands in a lot of pies, such as Oil and Gas, interior decoration, real estate, maritime and hospitality, just to mention a few. Iya-laje as Toyin Kolade is popularly called, gathered the high and mighty of the Nigerian society, to her hometown in […]