The Administrator of the Presidential Amnesty Programme (PAP) and Special Adviser to President Bola Ahmed Tinubu on Niger Delta Affairs, Dr. Dennis Brutu Otuaro, has praised the Tinubu administration for …
Oil & Gas
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DevelopmentGOVERNMENTNigeriaOil & GasPoliticsSecurity
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BusinessEconomyEnergyGOVERNMENTNigeriaOil & GasPolicies
NMDPRA Urges Strict Compliance with Oil and Gas Sector Regulations
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has called for stronger compliance with oil and gas sector regulations, especially in midstream and downstream operations. This call was made …
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BusinessDevelopmentEconomyINVESTMENTLeadershipNigeriaOil & Gas
Dangote Urges Wealthy Nigerians to Invest Locally, Says Economic Growth Depends on Domestic Investment
Aliko Dangote, President and Chief Executive Officer of Dangote Industries Limited, has called on wealthy Nigerians and African entrepreneurs to invest within their countries, stressing that it remains the only …
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Kiharu Member of Parliament, Ndindi Nyoro, has openly criticised the Kenyan government for the continued rise in fuel prices across the country. He blamed the high pump prices not on …
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BusinessEconomyEnergyOil & GasPolitics
Nigeria Loses N121bn Daily to Oil Theft Despite $16bn Petroleum Investment – Reps
The Deputy Speaker of the House of Representatives, Benjamin Kalu, has said that Nigeria’s petroleum sector has attracted about $16 billion in investment since the signing of the Petroleum Industry …
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Eastern AfricaEconomyEnergyInfrastructureINVESTMENTOil & Gas
Uganda Targets 2026 for First Oil Exports as EACOP Nears Final Stretch
Uganda’s long-awaited journey to become a crude oil exporter is now on a fast track, as the East African Crude Oil Pipeline (EACOP) enters its final year of construction. The …
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AfricaEnergyInfrastructureINVESTMENTOil & Gas
OPEC Demands $14.9tn Upstream Oil Investment to Meet Global Demand by 2050
The Organisation of the Petroleum Exporting Countries (OPEC) has raised an alarm over the need for serious and continuous investment in the global oil and gas sector, especially in upstream …
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EconomyFinance & ServicesNigeriaOil & GasPolitics
Senate Demands NNPCL Account for N210 Trillion Flagged in 2017–2023 Audit Report
The Nigerian Senate has declared that the Nigerian National Petroleum Company Limited (NNPCL) is yet to account for a staggering N210 trillion flagged in the audit report of federal ministries, …
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BusinessEconomyEnergyGOVERNMENTNigeriaOil & Gas
Nigeria’s Crude Oil Rigs Rise to 46 as NUPRC Pushes for Higher Production
The number of crude oil drilling rigs operating in Nigeria rose to 46 this week, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). This marks a steady increase from …
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BusinessEconomyEnergyFinance & ServicesOil & Gas
FCT High Court Nullifies ICC Arbitration in Aiteo’s $3bn OML 29 Oil Deal Dispute
An Abuja High Court sitting in the Federal Capital Territory (FCT) has declared as null and void the arbitration proceedings initiated against Aiteo Eastern Exploration and Production Company Limited at …