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    Aviation Fuel Crisis: Why Refineries Must Work

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    There are indications that Nigeria is fast losing huge revenue and employment opportunities as the nation’s aviation industry continues to battle for fuel to power aircraft, FESTUS OKOROMADU in this report takes a look at the way out of the crisis. The Nigerian petroleum industry is fast becoming a theatre of crisis even as those…

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    NNPC Records N104.68bn From Crude Oil Sales In October

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    The Nigerian National Petroleum Corporation (NNPC) has said it generated a total of N104.68 billion from the sales of crude oil and gas in the month of October 2016. The amount translates to 22.4 per cent increase when compared with N81.20 billion recorded in the month of September, 2016. A breakdown of the revenue contained…

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    2017 Will Be Good For Businesses, Experts Project

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    Having faced one of its most trying times, there is a rising optimism in the Nigerian business environment that the fortunes of the country would turn for the better in 2017. Analysts and business operators say with the various reforms in the country, the economy is expected to pick up from its current state of…

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    Better Prospects For Economy As OPEC Cuts Output By 1.2mbpd, Nigeria Exempted

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    Hopes of Nigeria’s economic recovery have been rekindled following a major output cut deal sealed by the Organisation of Petroleum Exporting Countries (OPEC). OPEC at its 171st meeting in Vienna, Austria, yesterday, agreed to cut oil production by 1.2 million barrels per day, with effect from January 1, 2017, after negotiations which lasted several months….

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    The Task Before NNPC, NCDMB Boards

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    The present administration’s commitment towards rejuvenating the oil and gas industry so as to use it as a panacea for the much desired diversification of the nation’s economy came to the climax last week Friday with the inauguration of the boards of the Nigerian National Petroleum Corporation (NNPC) and Nigerian Content Development Monitoring Board (NCDMB)….

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    Local Contractors To Access $2.2bn

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    In line with its aspirations of actualising the Nigerian Content Act, Shell Petroleum Development Company (SPDC) under the umbrella of Shell Companies in Nigeria, has signed a Memoranda of Understanding (MoUs) signed with the Nigerian banks. The scheme, which is supported by the Nigerian National Petroleum Corporation (NNPC) will allow Nigerian vendors and suppliers in…

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