Business Specials

NEITI to present Nigeria’s first comprehensive extractive industry audit report

The report is to be released on Monday in Abuja. Advertisement

Nigeria LNG increases volume of cooking gas to domestic market

The price of cooking gas has increased in the market. Advertisement

Court clears NIMASA of contempt charge, as NLNG agrees to pay $140m levy

The Federal High Court, sitting in Lagos, on Friday cleared the Nigerian Maritime Administration and Safety Agency (NIMASA) of contempt charges brought against it by the Nigerian Liquefied and Natural Gas Limited (NLNG) in the wake of the lingering dispute over unpaid statutory levies. The maritime regulatory agency had on May 3 triggered a major […]

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Senate wades into NLNG, NIMASA feud, demands immediate resolution

NIMASA claims NLNG owes it a cumulative amount of about $158 million. Advertisement

crude oil theft

JTF impounds 28 vessels, badges involved in oil theft in Rivers

The Joint Task Force (JTF) in the Niger Delta on Sunday said it had impounded 17 metal badges, 10 vessels and a tug boat laden with crude oil in Rivers. The JTF Commander, Maj.-Gen. Bata Debiro, said this after an assessment tour of JTF’s operational bases in Bonny, Rivers. Mr. Debiro said the arrests were […]

Gas export to resume soon after NIMASA-NLNG Thursday deal

It is truce at last between the Nigerian LNG Limited, (NLNG) and the Nigerian Maritime Administration and Safety Agency, NIMASA, regarding access for NLNG vessels to the Bonny channels to resume lifting of gas cargo for export. Nigeria’s gas export had been imperiled since early May when NIMASA triggered a trade dispute with the NLNG […]

18 indicted top officials to go after audit of Nigeria’s oil industry

Some of the officials are accused of falsifying their service records. Advertisement

Experts say falling global oil prices may cause relapse in the economy

If the nation’s production remains at current level, there would be pressure on the budget and future economic growth, experts say. Advertisement

‪Shell still committed to $5mn pipe mill project, says Nigerian content board

Ernest Nwapa told lawmakers of his agency’s performance so far. Advertisement

NIMASA blocks Nigeria LNG vessels again as debt crisis deepens

NIMASA says its blockade of the Bonny River channel and detention of the vessels are law enforcement actions following the refusal of NLNG to stick to the agreements reached over the pending issues. The lingering crisis between the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigeria Liquefied Natural Gas Company  over alleged refusal to […]

Tribunal orders Mobil to pay N13bn education tax to FIRS

The Mobil had challenged the tax payment saying it violated an agreement. Advertisement

Shell shuts 150, 000 barrels per day trans Niger pipeline after fire

Shell said the fire was caused by sabotage.‪ Advertisement

NNPC to build Africa’s largest gas city in Delta

The Nigerian National Petroleum Corporation (NNPC) is set to build the largest Africa’s gas city in Ogidigben, Delta State. David Ige, the NNPC Group Executive Director, Gas and Power, made this known during the 4th International Conference and Exhibition on Free Trade Zone on Tuesday in Lagos. The conference was organised by the Oil and Gas […]

Jonathan, other PDP governments encourage corruption in Nigeria’s oil industry- government report

The Nigeria Extractive Industries Transparency Initiative says government hardly implements its recommendations on accountability in the extractive industry. Advertisement

Nigeria ‘weak’ in oil resource governance, says Revenue Watch

Revenue Watch has ranked Nigeria amongst the weakest of 58 countries covered in the study of transparency and    proper management of its oil resources. Advertisement

Oil workers task Nigerian Government on pipeline vandalism

The union decried the drop in crude oil production since the first quarter of the year. Advertisement

Nigeria needs prompt automation of oil industry processes- NEITI

An automated audit process will make the exercise more effective, efficient, transparent and reliable, NEITI says. Advertisement

Subsidy fraud: PPPRA, Akintola Williams Deloitte inflated figures, misled government- EFCC

The auditing firm relied on third party accounts. Advertisement

BREAKING NEWS: Nigeria’s Gas Export In Danger Over Levy Wars

The Nigerian Maritime Administration and Safety Agency (NIMASA) triggered a major trade dispute Friday in Bonny Island, blocking access to the nation’s major loading terminals for gas export, authoritative security sources have disclosed to PREMIUM TIMES. NIMASA’s action took place about noon, and its grouse, according to sources, is based on alleged refusal by the […]

Nigerian government appeals against judgement banning deregulation of petrol

FG has asked the Appeal Court to set aside the judgment and dismiss the matter in its entirety. Advertisement

Declining crude production may affect Nigeria’s economy – Finance Experts

Experts say there is a need to diversify the economy as oil earnings continue to shake. Advertisement

Niger Delta militants

Nigeria In Trouble; Oil Exports Fall To Lowest In 4 Years

Nigeria’s oil exports will fall to a  four-year low as a result of crude oil theft and resultant facility closures by some oil companies, news agency Reuters is reporting. Quoting the shipping lists it saw Tuesday, the agency says Nigeria will now export 1.76 million barrels per day, the lowest since August 2009. Analysts say […]

NUPENG urges establishment of pipeline protection agency

The union advocated the formal training of illegal oil refiners. Advertisement

Niger delta pollution

Group urges extractive companies, host communities to resolve grievances amicably

Two researchers of the IIED published a book on how to resolve such conflicts. Advertisement

EU committed to balanced trade agreement with ECOWAS

EU says a balanced ECOWAS-EU partnership trade agreement would increase the economic ties between the two regions. Advertisement