President Bola Ahmed Tinubu has signed a new Executive Order aimed at cutting the high cost of oil and gas production in Nigeria, increasing government revenue, and bringing in more …
Petroleum Industry
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BusinessEconomyEnergyGOVERNMENTOil & GasPolitics
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EconomyEnergyInfrastructureNigeriaOil & Gas
Refineries: Experts Question NNPCL Over Transparency, Efficiency
There is fresh controversy surrounding Nigeria’s state-owned refineries, as industry experts and oil marketers continue to question the Nigerian National Petroleum Company Limited (NNPCL) over the poor performance of the …
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EconomyGOVERNMENTOil & GasPolitics
Edo Rep, Esosa Iyawe, Hails Tinubu’s Reconstitution of NNPC Board, Says It Will Boost Energy Sector Reforms
The member representing Oredo Federal Constituency in the House of Representatives, Hon. Esosa Iyawe, has praised President Bola Tinubu for what he described as the “timely and strategic” overhaul of …
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BusinessEconomyEnergyGOVERNMENTPolitics
EXPLAINER-What to know as a new CEO takes over at Nigeria’s state oil firm NNPC
Nigeria’s President Bola Tinubu has appointed former Shell executive Bayo Ojulari as the new head of the Nigerian National Petroleum Company (NNPC) along with a new board, raising hopes for …
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Depot owners in Nigeria have expressed dissatisfaction with the Federal Government’s Naira-for-Crude oil arrangement, highlighting challenges in the current policy. The initiative, which began in October 2024, allows local refineries, …