Pipeline Vandalism Cost Nigeria N471 Billion in 5 Years: 7,143 Cases Recorded – NEITI NEITI has said Nigeria recorded 7,143 pipeline vandalism cases in 5 years resulting in N471 billion spent on repairs. This is according to Dr. Ogbonnaya Orji, the Executive Secretary of the Nigerian Extractives Industries Transparency Initiative (NEITI). Dr. Orji said this…
The Dillema of Subsidy Payment Subsidy payment has been an albatross to Nigerian governments as previous administrations have struggled with it and suffocated the country’s economy even international financial agencies like the International Monetary Fund (IMF) has supported its removal. Petrol subsidy has created a colossal hole in the nation’s revenue. In 2021 1.7 trillion…
Editor of Realnews Raises Alarm Over $18bn Lost Yearly To Illicit Financial Flows by Nigeria The Editor of Realnews, Maureen Chigbo, has said that $18 billion is lost yearly to illicit financial flows, Iffs, through the banking sector despite the effort of the Central Bank of Nigeria, CBN, and other regulating institution in the sector…
NNPC/Aiteo Joint Venture Launches New Crude Oil Grade Nembe The NNPC/Aiteo Joint venture has launched a new crude oil grade into the international crude oil market, known as Nembe Crude Oil Grade. The announcement was made on Tuesday at the ongoing Argus European Crude Conference in London, United Kingdom, according to a statement by the…
Tinubu Appoints Three New Executive Commissioners for NUPRC President Bola Tinubu has appointed three new Executive Commissioners for the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). He also approved the redeployment of one current Executive Commissioner. This was disclosed on Tuesday by the Special Adviser to the President (Media & Publicity), Chief Ajuri Ngelale. The new…
UK’s National Grid to Speed Up 20GW of Clean Energy Projects National Grid (NG.L) said on Monday it was speeding up the connection of up to 20 gigawatts (GW) of clean energy projects to its electricity transmission and distribution networks in England and Wales. [custom-related-posts title=”Related Posts” none_text=”None found” order_by=”title” order=”ASC”] The company, which runs…
NLNG’s Unwavering Commitment to Local Content Development in Nigeria Nigeria LNG Limited (NLNG) last weekend hosted the Nigerian Content Stakeholders Retreat at its plant complex in Bonny, in demonstration of its unwavering commitment to the advancement of local content in Nigeria. The three days event provided a platform for the cohesion of NLNG’s vision of…
Dangote Group Accuses BUA of Sponsoring False, Negative Reports Against It As the Spat between Dangote and BUA ranges on, the Management of Dangote Industries Limited (DIL) has refuted allegations that it engaged in illegal foreign exchange deals, warning those peddling the allegation of economic sabotage against the company to desist from such underhand practices….
Train-7 Project Hits 52%, Employs 8,300 Persons …NCDMB, NLNG Sign E-Market Place Agreement The ongoing construction of the $5bn Train-7 project being undertaken by the Nigeria Liquefied Natural Gas (NLNG) at Finima, Bonny Island, Rivers State has reached 52 percent and currently engages 8,300 Nigerians of diverse skill sets. These facts emerged on Friday…
NESG: EO5 should be extended beyond oil and gas. The Chief Operating Officer (COO) of MicCom Cables and Wires, Bukola Adubi, has called for the implementation of Executive Order 5 (EO5) beyond the oil and gas sector. She made the call in an interview with journalists on the margins of the 29th edition of the…