Experts warn FG against encouraging anti-competitive practices in oil, gas sector
... recommend regulatory reform, fair pricing, support to ensure success of Dangote Refinery "Dangote refinery too big to fail... If it fails, Nigeria is bound to bear the consequences in…
End of era for massive front-loaded oil blocks signature bonuses: Potential gains for Nigeria
Ibrahim Musa The Federal Government through the upstream regulator, has slashed signature bonuses to a maximum of $10 million for deepwater assets and $7 million for shallow water and…
Sahara Group advocates for Africa to lead sustainability narrative through gas, renewables, carbon capture
Oredola Adeola Sahara Group has made a case for Africa countries to champion a strong sustainability narrative such as focusing on natural gas commercialization, increased renewable energy use, investment…
President Tinubu approves N10bn for CNG buses, N50,000 monthly for 100,000 families in each state
... orders deployment of N155 billion for the purchase and sale of assorted foodstuffs Oredola Adeola President Bola Tinubu has approved economic relief measures for Nigerians, including a N10 billion allocation…
Global Mine 2024 Report: PwC urges top 40 mining companies to enhance transparency, impact reporting
... percentage of completed mining deals on critical minerals rose to 40% in 2023 from 22% in 2019 ... lithium, copper dominate 70% of 2023 deal volume Oredola Adeola…
Fire erupts in a section of Dangote refinery in Ibeju-Lekki
Oredola Adeola The massive $19 billion Dangote Oil Refinery and Petrochemicals in Ibeju-Lekki experienced a fire outbreak on Wednesday, June 26, 2024. This incident comes just days after…
NMDPRA dismisses Dangote Refinery’s claims of dirty fuel imports as “False”
... claims as of June 2024, average sulfur content in all imported Diesel is below 50/ppm limits ... says deregulation of downstream sector allows petroleum marketers to source products…
DAPPMAN says Dangote Refinery’s claims on importation of dirty refined products “laced with inaccuracies”
...alleges DRC's recent batch of diesel contains 1200/ppm Sulphur contents, exceeds 200/ppm imported by marketers ... urges all downstream operators to adhere to PIA 2021, avoid monopolistic practices Oredola…
FG sets to secure $3bn from Standard Chartered Bank for NLNG dividend initiative
"Nigeria still requires substantial investments in the oil and gas sector" - Tinubu informs GCEO of Standard Chartered Bank Oredola Adeola The Federal Government has confirmed Standard…
Two men bag jail terms in Kirikiri for vandalizing EKEDC transformer in Satellite Town, Lagos
"It is significant breakthrough in combating vandalism, cable theft in Satellite Town" - Dr. Akinrolabu Oredola Adeola Magistrate Mrs. A.S. Okubule has sentenced two individuals, Raymond Anthony Okoye and Olamilekan…
