We got $10bn loans for local contractors – OPTS

The Chairman, Oil Producers Trade Section of the Lagos Chamber of Commerce and Industry, Mr. Mark Ward, has said that international oil companies operating...

Buhari to head Ministry of Petroleum Resources in new cabinet

Nigerian President Muhammadu Buhari will name himself as the country's new oil minister, his aides confirmed Wednesday, as he seeks to clear the corruption...

New gas price may hike electricity tariff by N26

The recent increase in the price of gas to power sector from $1.50 to $3.30 per metric cubic foot (MCF) may push the price...

Oil regulatory agency workers reject new PIB

Workers in the industry’s three regulatory agencies have rejected the redrafted Petroleum Industry Bill (PIB) soon to be presented to the National Assembly, The...

DPR to increase surveillance on oil and gas assets

The Department of Petroleum Resources (DPR) has said it will carry out regular inspection of oil and gas facilities to ensure strict compliance with...

NERC queries Abuja Disco for over-billing customers

The Nigerian Electricity Regulatory Commission (NERC) yesterday  issued the Abuja Electricity Distribution Company (AEDC) a notice of enforcement action over what it described as...

Suspending new power tariff will kill sector – NERC

The Chairman, Nigerian Electricity Regulatory Commission, Dr. Sam Amadi, has raised the alarm that any attempt made to suspend the planned review of the...

PTDF tasks oil companies on local content, human capacity development

The Petroleum Technology Development Fund (PTDF) has urged International Oil Companies (IOCs) to key into the Federal Government’s capacity development programme in Nigeria’s oil...

NNPC’s past audits lack due process, questionable – NRGI

The Natural Resource Governance Institute (NRGI), in a report titled, “Inside NNPC Oil Sales: A Case for Reform in Nigeria,” has faulted past audits...

Integrity of information in settlement statements paramount – Market Operator

Mrs. Ngozi Osuhor, the Executive Director of the Market Operator (MO) also known as The Operator of Nigerian Electricity Market (ONEM), has said the integrity of...

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