Nigeria Today: Top 5 News Stories, Tuesday, Nov 15th 2016
1. With respect to the draft policy document which was released last week by the Ministry of Petroleum Resources, indicating that parts of the stocks of the Nigerian National Petroleum Corporation (NNPC) would be listed for trading on the NSE or other exchanges after its restructuring and corporation, the federal government is yet to […]
Nigeria Today: Top 5 News Stories, Tuesday, Oct 18, 2016
Federal Government to sign a $15 billion deal with India for crude purchases. The National Universities Commission (NUC), scraps pre-degree and diploma programmes in Nigerian universities. Banks reject naira for visa payment due to dollar scarcity and volatile FOREX market. Death toll in Jema’ah LGA, Kaduna in attacks by suspected Fulani herdsmen hit 40. EFCC […]
The Removal of Nigeria’s Fuel Subsidy and Its Ripple Effects
Yesterday’s announcement by the Federal Government on the removal of the long-standing fuel subsidy has triggered a deluge of reactions from Nigerians. And they have come in diverse forms and hues- from people who have clapped excitedly at what they term a long overdue policy change, to those who fiercely argue against it. The representatives […]
Getting Nigeria’s Refineries Back on Track
If there is such a thing as a music album on Nigeria’s economic woes, then the perpetual sing-along song of the nation’s moribund refineries should be on it. Not many depressing reproductions of the tale of national failures are told without saying something about it. It is recognized as a challenge that needs to be […]
Technology Based Solutions for Fuel Shortage
Last week, the Minister for Petroleum Resources, Mr. Ibe Kachikwu, announced that the government might take up to two months to solve the present crisis of fuel shortage. As is with most cases, Nigerians have reacted to the news by cursing the authorities for bringing such bad luck upon their citizens. The use of petroleum […]
FG to Reduce Petrol Price to N85 in Jan 2016
According to a Premium Times News report, the Federal Government of Nigeria may reduce the pump petrol prices to N85 per litre as from January 1, 2016. This was made known by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu during a visit to the Port Harcourt Refining Company in Rivers State on […]
Invitation: ESQ Oil and Gas Summit 2013
Notwithstanding the prolonged reforms of the legal and regulatory framework governing petroleum operations in the Nigerian oil and gas industry, especially due to the non-passage of the Petroleum Industry Bill (PIB), international and local companies continue to find and take advantage of several investment opportunities. Such opportunities arise amid substantial legal risks and regulatory challenges. […]