By Emmanuella Anokam The Nigerian National Petroleum Company Limited (NNPC Ltd) and Afreximbank have jointly signed a commitment letter and term sheet for an emergency three billion dollars crude oil repayment loan. The signing took place on Wednesday in the bank’s headquarters in Cairo, Egypt, according to a statement byContinue Reading
By Emmanuella Anokam The Nigerian Extractive Industries Transparency Initiative (NEITI) is set to provide data on the actual volume of Premium Motor Spirit (PMS) consumption in the country. Dr Orji Ogbonnaya Orji, the Executive Secretary of NEITI, made this known at a consultative forum with the Civil Society Organisations andContinue Reading
By Emmanuella Anokam The Ministry of Petroleum Resources has urged Ministries, Departments, and Agencies (MDAs) and Nigerians in general to convert their vehicles to Compressed Natural Gas (CNG) engines to cushion the effect of fuel subsidy removal. Amb. Gabriel Aduda, the Ministry’s Permanent Secretary, made this known on Monday inContinue Reading
By Emmanuella Anokam The Nigeria Extractive Industries Transparency Initiative (NEITI) says Nigeria requires $20 billion annually to achieve the desired gas expansion plan to bridge the country’s gas infrastructure. Dr Orji Ogbonnaya Orji, NEITI Executive Secretary, at the policy dialogue on Nigeria’s Decade of Gas Action plan on Monday inContinue Reading
By Emmanuella Anokam The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) has urged the Federal Government to fix bad roads and encourage private and modular refineries to enable affordable petroleum products. NOGASA also called on the government to reduce Value Added Taxes on imported products, especially the AutomotiveContinue Reading
By Emmanuella Anokam The Ministry of Petroleum Resources has urged Ministries, Departments, and Agencies (MDAs) and Nigerians in general to convert their vehicles to Compressed Natural Gas (CNG) engines to cushion the effect of fuel subsidy removal. Amb. Gabriel Aduda, the Ministry’s Permanent Secretary, made this known on Monday inContinue Reading
By Emmanuella Anokam The Organisation of the Petroleum Exporting Countries (OPEC) has said that Nigeria’s economic growth in the first quarter of 2023 (1Q23) stood at 2.4 per cent year-on-year (y-o-y). OPEC made this known in its Monthly Oil Market Report for August obtained by the News Agency of NigeriaContinue Reading
By Emmanuella Anokam The Organisation of the Petroleum Exporting Countries (OPEC) says, its Non-OPEC oil supply is expected to expand by 1.5 million barrels per day (mb/d) in 2023. This is a slight upward revision from the previous assessment of 1.4mb/d. OPEC said this in its Monthly Oil Market ReportContinue Reading
By Vivian Emoni The Miners Association of Nigeria (MAN) on Tuesday urged the Federal Government to come up with an agenda on mineral resources for efficient mining activities across the country. The President of MAN, Mr Dele Ayanleke, said this in Abuja, at a news conference on the issueContinue Reading
By Emmanuella Anokam The Nigeria Liquefied Natural Gas Ltd. (NLNG) says its ‘NLNGChangeYourStory’ skills workshop has benefited over 90 journalists since 2015. The NLNG said the skills workshop aimed at reinforcing their digital communication and social media competencies. Mr Andy Odeh, NLNG’s General Manager, External Relations and Sustainable Development, saidContinue Reading
