FG tasks investors on proper utilisation of NCDMB intervention funds

By Emmanuella Anokam The Federal Government has tasked investors in the country to utilise the Nigerian Content Development and Monitoring Board (NCDMB) intervention funds for the purpose they were meant for. Sen. Heineken Lokpobiri, Minister of State Petroleum Resources (Oil), made this known on Thursday during a facility tour ofContinue Reading

Africa Energy Bank: FG committed to meeting Sept. deadline

By Emmanuella Anokam The Federal Government has reiterated commitment to meet the September deadline set out for the commencement of the African Energy Bank (AEB). Sen. Heineken Lokpobiri, Minister of State Petroleum Resources (Oil), gave the assurance on Wednesday in Abuja when Dr Omar Ibrahim, Secretary-General, African Petroleum Producers’ OrganisationContinue Reading

NEITI seeks technical support from Australia, others

By Emmanuella Anokam The Nigeria Extractive Industries Transparency Initiative (NEITI), has sought for technical assistance from Australia, Belgium and Canada to deepen Nigeria’s extractive industry reforms. The reform programme is designed to deal with challenges of corruption, oil theft, illegal mining, stealing of minerals, pipeline vandalisation and associated governance challenges.Continue Reading

Authority reviews midstream, downstream petroleum fees regulations

By Emmanuella Anokam The Nigerian Midstream and Downstream Petroleum Regulations Authority (NDMPRA), says its proposed Midstream and Downstream Petroleum Fees Regulations will consolidate fees prescribed for midstream and downstream activities into a single document. Mr Ogbugo  Ukoha, Executive Director, Distribution Systems, Storage and Retailing Infrastructure, NMDPRA made this known onContinue Reading

Energy bank: Oil producing countries brainstorm on modalities, financial obligations

The Permanent Secretary of the Ministry of Petroleum Resources, Amb. Nicholas Ella.   By Emmanuella Anokam The African Petroleum Producers’ Organisation (APPO) has urged member countries to fulfill their financial obligations towards establishing the Africa Energy Bank. To ensure the bank’s operationalisation, the APPO Secretary-General, Dr Umar Ibrahim, urged AfricanContinue Reading