AKK gas pipeline critical to Nigeria’s industrialisation, economic growth – Edun

By Emmanuella Anokam The Minister of Finance/Coordinating Minister of the Economy, Mr Wale Edun has described the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project as critical to the industrialisation and economic growth of Nigeria. Edun stated this on Friday, during a working visit of three cabinet Ministers to the AKK gas pipelineContinue Reading

NEITI, stakeholders meet to review 2023 Nigeria extractive industries report

By Lucy Ogalue The Nigeria Extractive Industries Transparency Initiative (NEITI) is engaging with stakeholders to review and validate the 2023 Annual Progress Report (APR) of Nigeria’s extractive industries. Dr Orji Ogbonnaya Orji, the Executive Secretary of NEITI, said this at a Stakeholder’s Consultation/Validation Meeting on Thursday in Abuja. The NewsContinue Reading

Oil block Licencing: NUPRC extends deadline for pre-qualification documents submission

By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the extension of the deadline for the registration and submission of pre-qualification documents for the 2024 oil block licensing round. Mr Gbenga Komolafe, Commission Chief Executive (CCE), NUPRC, announced the extension in a statement issued on Wednesday. KomolafeContinue Reading

Experts list ways to boost Nigeria’s natural gas production

  By Rukayat Moisemhe Some experts have called for a well-articulated and sustainable programme to decentralise the power sector regulatory environment and incentivise investors to boost natural gas production in Nigeria. They said this at the American Business Council (ABC) Economic Update with theme: “Energising Nigeria: Navigating Challenges, Harnessing Opportunities,”Continue Reading

Establishing Africa energy bank will foster energy security across Africa – Lokpobiri

By Emmanuella Anokam The Federal Government says establishing the Africa Energy Bank (AEB) represents a bold and strategic move towards ensuring energy security, fostering economic growth and promoting sustainable development across Africa. Sen. Heineken Lokpobiri, Minister of State Petroleum Resources (Oil), made this known at a dinner with Heads ofContinue Reading

NNPC, Golar sign agreement on floating LNG

By Emmanuella Anokam The Nigerian National Petroleum Company Limited (NNPC Ltd.) has executed a Project Development Agreement (PDA) with Golar LNG for the deployment of a Floating Liquefied Natural Gas (LNG) offshore Niger Delta, Nigeria. Olufemi Soneye, Chief Corporate Communications Officer, NNPC Ltd., in a statement on Tuesday said theContinue Reading

NNPC Ltd disowns report on alleged inflated subsidy claims

By Emmanuella Anokam The Nigerian National Petroleum Company Limited (NNPC Ltd.) on Monday disowned reports in some sections of the media alleging that it inflated subsidy claims by N3.3trillion. A statement issued by Olufemi Soneye, Chief Corporate Communications Officer, NNPC Ltd., stated that the company had always conducted its businessesContinue Reading