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Full access to assets: FG offered 56 oil blocks in 3 yrs, plans frequent bid rounds
The Federal Government is stepping up efforts to revive activity across Nigeria’s oil-producing provinces through a sustained programme of oilfield licensing and development, as the country targets crude production of three million barrels per day by 2030. The Nigeria Upstream…
NCDMB to host Paul Nwabuikwu at fifth book reading programme
The Nigerian Content Development and Monitoring Board (NCDMB) will feature writer, journalist and public policy analyst Paul C. Nwabuikwu at the fifth edition of its Corporate Communications Book Reading Programme early next week. The session will focus on Nwabuikwu’s recently…
NSML & NLNG: Building pillars of Nigeria’s energy, maritime ambitions
Sopuruchi Onwuka The Nigeria LNG Ship Management Limited (NSML) has declared strategies that establish it as a major force in Nigeria’s maritime human-capital development, stating that it is quietly building a pipeline of globally certified seafarers and maritime professionals with…
Africa Oil Week: NCDMB pushes African Local Content for rapid industrial development
The Nigerian Content Development and Monitoring Board (NCDMB) has called on African oil-producing countries to move beyond ownership of natural resources and build the industrial capacity required to convert their petroleum wealth into sustainable economic value. The call was made…
Insecurity, fiscal chaos threaten Tinubu’s reform gains
Nigeria’s struggle to contain insecurity is emerging as a threat not only to President Bola Tinubu’s political survival ahead of the 2027 presidential election, but also to the economic rationale underpinning his administration’s painful reform programme. The central question increasingly…
Monopoly war: Dangote declares supply ban on major marketers
After losing its war against government’s policy on deregulation and liberalization of the domestic petroleum industry, Dangote Refinery is working to cut off its key competitors from supply of its fuel products. The move which would likely exacerbate fuel imports…
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…
