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The Senate has described as “erroneous” report that it approved fresh loan of N850 billion at the plenary on Tuesday.

Senate rejects payment of N98.4 million for printing of PIB flyers by petroleum ministry

The Senate has taken a swipe at the Ministry of Petroleum Resources over the payment of N98.4 million for the printing of leaflets for the awareness campaign programme for the Petroleum Industrial Bill without due process.

Africa Oil and Power appoints conference director

Africa Oil and Power (AOP), the continent’s leading investment platform for the energy sector has appointed Olatorera (Tori) Abiola as International Conference Director.
Vice President Yemi Osinbajo has charged stakeholders in the oil industry to find a way of producing oil cheaper at the largest volume possible given the circumstances and future of oil itself and the country’s of requirements and needs.

VP Osinbajo: Nigeria should find way of producing oil cheaper at largest volume

Vice President Yemi Osinbajo has charged stakeholders in the oil industry to find a way of producing oil cheaper at the largest volume possible given the circumstances and future of oil itself and the country’s of requirements and needs.
The immediate past Chairman of the Society of Petroleum Engineers, SPE, Council Nigeria, Engr. Joe Nwakwue in a chat with newsmen on Monday said Nigeria needs to urgently implement a full deregulation of the sector.

Ex-SPE chair: Nigerian government lacks clear policy on downstream deregulation

Following fears that Nigeria may have returned to the era of petrol subsidy payment, the Federal Government has been accused of lacking policy clarity in the deregulation of the downstream sector of the petroleum industry.

Lagos Chamber calls for passage of petroleum industry bill

The Lagos Chamber of Commerce and Industry (LCCI) has urged the National Assembly to ensure the passage of a competitive Petroleum Industry Bill (PIB) that would make Nigeria an investment destination of choice.
The Senate President, Ahmad Lawan, has said that for appreciable development to take place in the country, more women must be regarded and enlisted to take up more spaces in governance.

Senate president: What we will do in 2021

The Senate President, Ahmad Lawan, said the legislature would, in 2021, prioritize the passage of Petroleum Industry Bill (PIB), Electoral Reform Amendment Bill, constitutional amendment, security issue as well as give accelerated consideration to measures proposed towards the containment of COVID-19.

Nigeria urged to utilize PIB to jumpstart energy intensive industries

An expert in the oil and gas sector, Prof Wunmi Iledare, has advised Nigeria to transit from energy production to that of consumption so as to maximize the country’s hydrocarbon potentials to jumpstart massive development that will impact on the people.
The logo of the International Monetary Fund (IMF), is seen during a news conference in Santiago, Chile, July 23, 2019. REUTERS-Rodrigo Garrido

IMF recommends major adjustments in exchange rate and monetary policy reforms for Nigeria

The International Monetary Fund (IMF) says major policy adjustments embracing broad market and exchange rate reforms are needed to address Nigeria’s recurrent Balance of Payments (BOP) pressures and raise the medium-term growth path.

Expert: Reducing petrol pump price is short term solution

“Our discussion was fruitful and the Nigerian National Petroleum Corporation (NNPC) which is the major importer and marketers of petroleum product and customers have agreed that there will be a slide down of the pump price of PMS.
INEC Card Reader

National Assembly to make smart card reader compulsory in future elections

The Chairperson of the House Committee on Electoral Matters, Aishatu Dukku, said this at a Joint Public Hearing on “The Bill for an Act to repeal the Electoral Act 2010 (As Amended) and enact the Independent National Electoral Commission (INEC) Act, 2020″, on Wednesday in Abuja.
Nigerian National Petroleum Corporation (NNPC)

NNPC committed to bringing down cost of production, remaining competitive

The Nigerian National Petroleum Corporation (NNPC) has, for the umpteenth time, pledged its commitment to bringing down the unit cost of oil production in the country to $10 per barrel, so as to remain competitive in the Industry and deliver value to all Nigerians.
Nigerian National Petroleum Corporation (NNPC)

NNPC, partners begin discussion on NLNG Train 8

The Nigerian National Petroleum Corporation (NNPC) said it has commenced discussion with its partners for the construction of the Nigeria Liquefied Natural Gas (NLNG) Train 8.
Nigerian National Petroleum Corporation (NNPC)

House of Reps hails NNPC’s strides in transparency

The House of Representatives Joint Committees on Petroleum (Upstream, Downstream and Gas) have applauded the Nigerian National Petroleum Corporation (NNPC) for breaking new grounds in its commitment to transparency and accountability.

House of Reps demands details of NNPC expenditure, JV cash calls, others

The House of Representatives’ Committees on Petroleum Upstream, Downstream and Gas Resources, yesterday asked the Nigerian National Petroleum Corporation (NNPC) to open up its books on various expenditures incurred on Joint Venture operation (JVC), pipeline maintenance, rehabilitation of refineries, among others.
The new head of Nigeria's state oil company NNPC, Mele Kyari, speaks during an interview with Reuters in Abuja, Nigeria August 7, 2019. REUTERS-Afolabi Sotunde

We deliberately shut down refineries – NNPC chief

The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, says the corporation deliberately shut down the nations refineries because they no longer make sense to be operated.
Mele Kyari, group managing director, Nigerian National Petroleum Corporation (NNPC), says buyers were begged to purchase Nigeria’s crude oil at $9 per barrel in April.

No PIB, no further investments in oil and gas – NNPC chief

The Group Managing Director, Nigeria National Petroleum Corporation, NNPC, Mr Mele Kyari, has warned that without the passage into law of the Petroleum Industry Bill, 2020, there would not be further foreign investments in the oil and gas industry.
A magistrate court in Wuse, Zone 6, Abuja has convicted Victor Mela, a member of the House of Representatives, for giving false information to the Independent National Electoral Commission (INEC)

PIB: Nigeria must utilise present opportunity before it is late – Reps

The House of Representatives Adhoc Committee on Petroleum Industry Bill (PIB) has reiterated that, Nigeria should utilise the opportunities contained in the Bill before it is late.

Niger Delta seeks ownership, control of trust funds

Host communities of the Niger Delta have demanded ownership and control of the trust funds proposed in the Petroleum Industry Bill (PIB) for the development of oil-bearing areas.

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A new variant of the coronavirus, which appears to be more transmissible, has been discovered in South Africa and is being blamed for a new surge in Covid-19 cases in the UK.

Twelve health workers test positive to coronavirus in Taraba

Twelve health workers comprising of three doctors and nine nurses have tested positive for COVID-19 at the Federal Medical Centre, Jalingo, the Taraba state capital.
The National Directorate of Employment (NDE) in Enugu State on Tuesday said it had trained no fewer than 510 unemployed graduates on different skills.

NDE chief: President Buhari determined to eradicate poverty

Director General of National Directorate of Employment, NDE, Mallam Abubakar Fikpo, has said the President Muhammadu Buhari’s led Federal Government was determined to eradicate poverty and unemployment in the country.
South African Minister in the Presidency, Jackson Mthembu, passed away on Thursday due to COVID-19 related complications, President Cyril Ramaphosa said.

South Africa minister dies of coronavirus

South African Minister in the Presidency, Jackson Mthembu, passed away on Thursday due to COVID-19 related complications, President Cyril Ramaphosa said.
General view of a cross session of lawyers in a court during a hearing of a blasphemy case in Kano, Nigeria January 21, 2021. REUTERS-Stringer

Nigerian appeals court throws out blasphemy convictions that caused outcry

The two had been convicted in August by a sharia court in Nigeria’s northern, mainly Muslim state of Kano. Teenager Omar Farouq was accused of making blasphemous comments during an argument, while Yahaya Aminu Sharif was accused of having shared a blasphemous message on WhatsApp.
FILE PHOTO - A man wearing a mask outside Guildhall in the city of London as the spread of the coronavirus disease (COVID-19) continues, London, Britain, April 14, 2020. REUTERS-John Sibley-File Photo

City of London to remove statues linked to slavery trade

The City of London on Thursday approved the removal from its ceremonial Guildhall home of statues of two figures that symbolise the financial sector’s historic role in slavery.