OpeOluwani Akintayo The Fourteenth of September 2020 is a very special day for the Organization for the Petroleum Exporting Countries, OPEC. This sees the Organization celebrate its 60th anniversary. In a statement on Monday, the Organization said the 60th anniversary is a time to reflect and appreciate the efforts of all those who have worked soRead More

Federal Government has assured investors, both foreign and indigenous, of investment security and high returns on investments in Nigeria. Delivery his welcome address at the ongoing Nigerian International Petroleum Summit (NIPS) in Abuja on Monday, President Muhammadu Buhari, who was represented by Secretary to the Government of the Federation (SGF),Read More

The Registrar and Chief Executive Officer, Chartered Institute of Bankers of Nigeria (CIBN), ‘Seye Awojobi has commended Ecobank Nigeria’s various initiatives targeted at building the capacity of its workforce. The Registrar made this disclosure while speaking at the graduation ceremony of Ecobank pioneer management trainees in Lagos. Awojobi, who wasRead More

A human rights Activist, Lucky Lackson has frowned on the recent mail which was alledged to have emanated from the MD of PepsiCo Nigeria, where he said “one company will flourish, one will diminish, another will finish. B-brand model of business will either become a temptation for anyone who hasRead More

The Nigerian Export Promotion Council (NEPC) has announced plans to attract $150 billion over the next 20 years courtesy of its zero oil plan initiative. The Executive Director, NEPC, Olusegun Awolowo, explained that so far the council has identified over 22 products that have the potential and capacity to generateRead More

The President of Nigerian Association of Petroleum Explorationists (NAPE), Dr. Andrew Ejayeriese, has stated that claims by the federal government to achieve 40 billion barrels in reserves by the year 2020 are not feasible. The Federal Government, through the Nigeria National Petroleum Corporation (NNPC), announced an outlook for 2018 to increase crude oil reserve byRead More

Stakeholders in the country’s oil and gas sector have accused oil companies of deliberately hiding information about the various deals they undertake, with the intention to dodge relevant tax payments. They alleged that some oil firms go abroad to sign deals on oil assets domiciled in Nigeria, and thus denyRead More

The Nigerian Content Development and Monitoring Board (NCDMB) and the Indigenous Petroleum Producers Group (IPPG) have restated their commitment to ending unnecessary delays in contract cycles. In a bid to driving this, the entities signed a Service Level Agreement (SLA), which would boost local content implementation and simplify the procurementRead More

The Federal Government on Tuesday closed its case in the suit it filed to recover a sum of $110m from Nigeria Agip Oil Company Limited. In the suit filed before the Federal High Court in Lagos, the Federal Government accused the oil giant of under-declaring the volume of crude oilRead More