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Economy

Oil firms register 172 Host Community Trusts, record improved stability

NUPRC to probe SEEPCO-Anambra Dispute The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed that 172 Host Communities Development Trusts (HCDTs) have been established and registered by oil and gas operators across the country under the Petroleum Industry Act (PIA)….

Multiple taxation: FG stokes concerns with $300 Helicopter Levy on petroleum operators

Despite persistent concerns in Nigeria’s petroleum industry over the growing burden of taxes, levies, fees and other statutory charges imposed on operators, the Federal Government has approved a fresh $300 levy on helicopter operations, raising new questions about the cost…

FG, NLNG strike new partnership to deepen Nigeria’s gas economy, drive Train 7 completion

The Federal Government and the Nigeria Liquefied Natural Gas (NLNG) Limited have declared a strengthened partnership to accelerate the development of Nigeria’s gas industry, with a specific commitment to propel the company’s ongoing Train 7 expansion project to completion. The…

Global trade shocks threaten Africa’s 2030 devpt goals — report

Africa’s progress towards the 2030 Agenda for Sustainable Development is facing mounting pressure from global trade disruptions, energy and food price volatility, fiscal constraints and demographic pressures, threatening to further widen the gap between the continent’s development ambitions and the…

Nigeria’s oil industry talent export is economic growth strategy — Ekpo

Nigeria must treat the export of its oil and gas professionals as a deliberate economic strategy rather than a loss of scarce technical manpower. According to the Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, Nigeria’s ambition…

ITF, academia want Nigerian skills retained for domestic roles

Nigeria must rethink its Human Capacity Development strategy and prepare its skilled workforce for increasing domestic roles as the country struggles to retain the technical manpower required to deepen Nigerian Content in the petroleum industry. Director-General of the Industrial Training…

Nigerian Content policy: Operators demand business value

Operators in Nigeria’s oil and gas industry have called for a fundamental shift in the way Human Capacity Development (HCD) is approached under the Nigerian Oil and Gas Industry Content Development (NOGICD) framework, arguing that workforce development must be tied…

Nigeria becoming global oil, gas investment hub — Lokpobiri

Nigeria is fast emerging as a global investment hub for the oil and gas industry, driven by incentive-based reforms that have strengthened the country’s competitiveness for international capital. Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, who made…

Geoplex Drillteq bags OGTAN’s 2026 indigenous service company award

Geoplex Drillteq Limited, a leading indigenous oilfield services company, has won the 2026 Indigenous Service Company Award presented by the Oil and Gas Trainers Association of Nigeria (OGTAN). The award was presented during an OGTAN event held at the Petroleum…

Nigerian petroleum industry future depends on people __ OGTAN

The Oil and Gas Trainers Association of Nigeria (OGTAN) has declared that sustainability of the Nigerian petroleum industry goes beyond abundance of resources to depend on availability of talents for its exploitation. The trainers’ group which is hosting its novel…