Naira may fall further as a result of increased government spending

The possibility of an increase in government due to the emergency rule declared in Borno, Yobe and Adamawa states may result to further depreciation...

Oil & gas insurance: Local retention rises by over 400% – NAICOM

Contrary to insinuations that objectives of the Local Content policy in the insurance industry, were yet to be achieved, the National Insurance Commission (NAICOM)...

NNPC seeks stakeholders’ collaboration on environment

The Nigerian National Petroleum Corporation (NNPC), Lagos Zonal Office, has called for effective collaboration among all relevant stakeholders to save the environment from degradation. Speaking...

FG grants operational licenses to seven generation companies

The Federal Government on Monday issued operational licences to seven electricity generation companies under the National Integrated Power Project. Each of the companies got an...

Federal Government set to tackle Aturu’s deregulation suit

Having been caught unaware at the lower court, the federal government has fortified its legal team to challenge the decision of Justice Adamu Bello...

NEITI decries the lack of accurate data on crude oil theft, vandalism

The Nigeria Extractive Industries Transparency Initiative on Monday faulted the absence of reliable data on the quantity of crude oil being lost to theft,...

Climate change threatens Vision 20:2020 – World Bank

World Bank, yesterday, said for Nigeria to achieve its Millennium Development Goals, MDGs, and Vision 20:20:20, it was imperative for the nation to address...

Treat stolen oil like blood diamonds – Alison-Madueke

As thieves siphon 200,000 barrels a day in Nigeria, Petroleum Minister, Mrs. Diezani Alison-Madueke, in a recent interview said she is determined to crack...

New laws needed to grow power sector investment

An energy law expert, Ayodele Oni, has called for new laws to create more incentives for investment in the “power value chain.” He stated...

PENGASSAN propose PEF Merger with DPRA under PIB

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has proposed that the Petroleum Equalisation Fund (PEF) should be merged with the...

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