May 27, 2018

Hard Times Ahead for Nigeria| THISDAY LIVE


Recent estimates by the Oil Producers Trade Section of the Lagos Chambers of Commerce that Nigeria’s annual revenue from crude oil could be cut by $10 billion in 2015 is indicative that there are more tough days ahead. Chineme Okafor writes Nigeria’s crude oil revenue from a recent presentation made at the 2015 Oloibiri Lecture Series and Energy Forum (OLF) in Abuja by the Oil Producers Trade Section (OPTS) will indeed pass through tough calls in 2015 and perhaps early parts of 2016, depending on certain market conditions. OPTS, a private sector group under the umbrella of the Lagos Chamber…

Renewed Effort To Pass PIB: Matters Arising | Nigerian Observer

Diezani Alison-Madueke (Mrs.), con, Minister of Petroleum Resources Elected OPEC’s First Female President

WITH recent reports that there are indications that the Peoples Democratic Party (PDP)-led National Assembly is in talks with the leadership of the Assembly to ensure that the Petroleum Industry Bill (PIB) is passed before June 4, 2015 when a new legislative body will be inaugurated, we believe it is high time that the long-over-deliberated and dilly-dallied PIB is passed without any further delay. But before this is done, there are still areas in Nigeria’s Oil and Gas industry that needs to addressed in the PIB before it is finally passed into law. According to reports, the said renewed effort…

NNPC Moves to Accelerate Construction of Gas Pipeline to Kano, Kaduna


A major step aimed at fast-tracking the Federal Government’s Gas Revolution Agenda was taken on Friday by the Nigerian National Petroleum Corporation, NNPC, with the establishment of the Abuja-Kaduna-Kano (AKK) Gas Pipeline Project Steering Committee with the mandate of ensuring efficient and accelerated actualization of the task. The project which was approved under the National Gas Master Plan by the Federal Executive Council is designed to transport gas for power and manufacturing  industry  usage to the key northern axis from Ajaokuta  –Kaduna –Kano. Speaking at the inauguration of the Committee, Group Managing Director of the NNPC, Dr. Joseph Dawha described…