Oil and Gas

Dr Ken Onyeali-Ikpe sits with Chude

November 29, 2023

5 intriguing things about Dr. Ken Onyeali-Ikpe

In a world where people stick to the comfort of the familiar, the older generation distinguishes itself through a remarkable blend of audacity and conciseness in navigating life. It requires a measure of boldness and courage to depart from the security of a well-known present into the uncharted territory of a promising yet unknown future…... Read More

Chude, Communications, Dr Ken Onyeali Ikpe, Insight, marketing, nysc, Oil and Gas, Ph.D

December 29, 2017

NEITI recommends that NNPC accounts for N5.15trn

The Nigerian Extractive Industries Transparency Initiative (NEITI), on Friday, released its 2015 Oil and Gas Industry Audit Report. One of the most prominent recommendations of the report is that the Federal Government asks the Nigerian National Petroleum Corporation (NNPC), to fully account for over $16.8 billion (about N5.15 trillion at N306.3 to $1) collected as... Read More

NEITI, nnpc, Oil and Gas

Petrol

September 5, 2017

Out of recession but still hostage to oil

by Alexander O. Onukwue From the figures published on Nigeria’s GDP by the Nigeria Bureau of Statistics, the oil sector was estimated to have averaged at 1.84 million barrels per day, which is 0.15 million barrels higher than the daily average production recorded in the first quarter of June. That rate of production – the... Read More

Story of the day

economy, nigeria, Oil and Gas, recession, Story of the day

Price of diesel has crashed by 42% – NNPC

The Nigerian National petroleum Corporation (NNPC) said that diesel price nationwide crashed by 42 per cent due to strategic intervention by the Corporation to sustain supply of the product, NAN reports. The Corporation in its May report released in Abuja, on Thursday said the intervention helped stop unpleasant experience witnessed in the first quarter of... Read More

Diesel, nnpc, Oil and Gas

The Explainer: We have broken down the fuss being made about the Petroleum Industry Governance Bill

by Mark Amaza Since the start of the Fourth Republic, no bill has been contentious as the Petroleum Industry Bill which was first introduced to the National Assembly in 2000. It was introduced with the aim of being the legal instrument with which the entire Nigerian oil and gas industry will be reformed; from awarding... Read More

Thinking Through

analysis, House of Representatives, nnpc, Oil and Gas, petroleum industry bill, PIB, senate

November 23, 2016

The “Ikoyi blues”, “cash call-lite”, “gas in Lekki?” edition: Nigerian oil, gas and power round-up (Nov 14-18 2016)

by Adedamola July 11, 1991. Light rain showers and an unusual bustle of traffic in that tree lined part of Ikoyi, Lagos. Even by Ikoyi’s high standards, the congregation of Pajero Jeeps, Mercedes Bend 200 ‘V-Boots’ and Peugeot 505s signaled something very special was in the offing. Frenchmen, Americans, English, Dutch, Italians huddled around office... Read More

cash calls, donald trump, economy, Ibe Kachikwu, ikoyi, nigeria, Oil and Gas

August 30, 2016

Opinion: Implementing PIB to compliment subsidy removal

By Okoye chike A drowsy air in the nation economy as we continue to chart a way forward in the current dispensation of president Muhammed Buhari. The aroused tension caused by high inflation in the nations economy, as Nigerians tighten loose ends to ensure we overcome the untold hardship of recent removal of subsidy on... Read More

industry, Oil and Gas, Petroleum, PIB, PIGB, reforms

August 20, 2016

110,460; N60 billion… | The 5 numbers that mattered this week

500 The number of former Niger Delta militants who will be given agriculture related skills. 1,600 The number of cases of pipeline vandalism which have occurred so far in 2016, according to the Minister of State for Petroleum, Ibe Kachikwu. 110,460 The number of shortlisted candidates for aptitude tests into the Nigeria Police Force. 100,000... Read More

Ibe Kachikwu, In vitro fertilization, nigeria, numbers that mattered, Oil and Gas, police

Kemi-Adeosun-YNaija

Opinion: There is no concrete action plan for Nigeria’s economy

The Minister of Finance, Mrs. Kemi Adeosun has finally confessed that the Nigerian economy is in recession even though I had argued that the economy was already in recession in my article titled “Nigeria’s economy is finally in recession” and which was published by an online newspaper on 16 March 2015. ‎Although the Minister of... Read More

CBN, Finance, Forex, Godwin Emefiele, kemi Adeosun, Muhammadu Buhari, Niger Delta, nigeria, Oil and Gas

Simon Kolawole YNaija

Simon Kolawole: Where do we go from here?

If you were a lover of reggae music in the 1970s, you would certainly know “Time Hard”, a hit song by The Pioneers, the Jamaican three-man band. “Every day,” they sang, sonorously, “things are getting worse.” That song was released in 1972. At the time, Nigeria was producing two million barrels of crude oil per... Read More

economy, Forex, Muhammadu Buhari, National Bureau of Statistics, NBS, Niger Delta, Niger Delta Avengers, nigeria, Oil and Gas, Politics, simon kolawole, subsidy

Yakubu Dogara

Ebonyi is growing its IGR faster than others, Kwara is slowest

The Speaker of the House of Representatives, Yakubu Dogara, has stated that the country has to diversify its economy from dependence on oil revenue. Dogara was speaking at the Chattered Institute of Taxation of Nigeria Abuja Tax Week on the ‘Dilemma of Improving Tax Revenue in Tough Economic Times’. The Speaker told his audience how... Read More

budget, dependence on oil revenue, diversification, economy, IGR, kwara, nigeria, Oil and Gas, speaker house of reps, Tax, Yakubu Dogara

‘Fayose lied, we didn’t sponsor any party’ – Sahara Energy

Sahara Energy has denied making any donations to the campaign of the All Progressives Congress in the 2015 general elections. Governor Ayodele Fayose had in a statement released on Wednesday said “Nigerians are interested in the $60 million allegedly donated to the APC campaign by Sahara Energy, on which EFCC has been forced to suspend... Read More

APC, Buhari, Ekiti, Energy, Fayose, Oil and Gas, oppresin, PDP, sahara, tyrant

Militants to FG: ‘Reclaim oil-rich Bakassi from Cameroon’

Again, another militant group has emerged with demands for the Federal Government. This time, over 600 militants belonging to a group called the Bakassi Strike Force armed with heavy and military grade weaponry have directed the Federal Government to move to reclaim Bakassi Peninsular which was ceded to neighbors, Cameroun. Probably to show that they... Read More

Amnesty, bakassi boys, Cameroun, humble lion, international, militant, nigeria, Oil and Gas

A Nigerian military officer directs civilians at a checkpoint along Sapele-Warr road in the Niger Delta region | Filed Photo: YNaija.com

Azu Ishiekwene: A different view of the Niger Delta crisis

by Azu Ishiekwene What Niger Deltans don’t want to hear is that their own leaders are largely responsible for the problems facing the region. And what the government certainly does not want to hear is that restructuring could solve the problem. As in most conflicts, truth is the first casualty. In the early stages of the... Read More

Azu Ishiekwene, EFCC, Militants, Muhammadu Buhari, Niger Delta, nuhu ribadu, Oil and Gas, Politics, Tompolo, Umar Musa Yar'Adua

Uzoma Erondu: Understanding the business of power Vs. the power of business (Naira&Kobo)

by Uzoma Erondu With the dire need for a long lasting solution in the power sector in Nigeria, most Nigerians struggle to understand why it takes so long to build a power plant. Power plants are huge projects, and as such either financed by Governments or through a PPP (Public Private Partnership) wherein private investors take... Read More

Commercial Operations Date, Finance, Ghana, Kainji Dam, naira&kobo, nigeria, Oil and Gas, olympics, Uzoma Erondu

Kemi-Adeosun-YNaija

NNPC returns N6 billion | FG suffers $45.90 million revenue loss

The Nigeria National Petroleum Corporation (NNPC) has reportedly refunded the sum of #6.330 billion to the federal government, even as the federal goverment suffered a revenue loss of $45.90 million. This was contained in a statement signed by Kene Offie, Head of Press and Public Relations, Office of the Accountant General of the Federation. The... Read More

Accountant General, FG, income, nigeria, nnpc, Oil and Gas, revenue

Niger Delta Avengers threaten further attacks; warn ex-militants against meddling

Niger Delta Avengers, a faceless group of militant agitators in Nigeria’s South-south region have threatened to resume hostilities after a ceasefire agreement facilitated by stakeholders in the region. In a release made available to YNaija today, the group’s spokesperson, Col. Mudoch Agbinibo, denied involvement in the Agip pipeline bombing on Saturday, May 21, 2016, but threatened... Read More

Agip, Bayelsa, Federal Government, Militants, Niger Delta Avengers, Oil and Gas, pipeline, South-south

Wike supports Buhari’s move to end…

Rivers state Governor, Nyesom Wike, on Monday, pledged to support the federal government’s effort to end militancy in the Niger Delta region. Wike stated this when he hosted the Military High Command led by the Chief of Defence Staff, Gen. Abayomi Gabriel Olonisakin, at the Rivers state government house, Port Harcourt. The governor noted that... Read More

economy, miliatancy, Military, Oil and Gas, pipeline, Rivers State, sabotage, wike

November 29, 2015

Oil marketers reveal how Buhari can end fuel scarcity

Marketers have revealed to the government how to put an end to the snake-like queues for petrol, that Nigerians all across the nation, are currently bedeviled with. The fuel scarcity in the nation would end if the government decentralizes the distribution of the products, marketers have said. The Independent Petroleum Marketers Association of Nigeria, IPMAN, on Sunday,... Read More

Buhari, fuel scarcity, Oil and Gas, Petroleum, ppmc

Indigenisation: Beyond the economics

Nigeria began producing oil six decades ago and is now one of the world’s largest oil producers. But up until recently, indigenous participation in the oil industry, particularly the upstream sector has been minimal. Previously dominated by international oil companies (IOCs) whose financial reach and technical expertise gave them a distinct advantage, the oil industry... Read More

indigenisation, Oil and Gas

December 5, 2014

Feature: Chevron GMoU, a CSR initiative worthy of emulation

by Kolapo Olapoju In recent time, the Niger-Delta region of the Nigeria has witnessed a lengthy period of peaceful co-existence with oil companies operating in the region, as opposed to what was obtainable about a decade ago when the region was enmeshed in communal clashes, abductions and societal unrest over the perceived indifference of oil... Read More

November 29, 2014

Join others for the Microsoft Mobility Summit Exhibition in Lagos [DETAILS]

by Akan Ido The Microsoft Mobility Summit, an event to introduce tech savvy individuals to the Microsoft mobile-first and cloud-first world will be taking place in Lagos next week. The summit which will start by 1pm on Wednesday, December 3, at The Harbor Point, 4 Wilmot Road, Off Ahmadu Bello Way, Victoria Island, Lagos, promises to... Read More

Business, microsoft, Microsoft Mobility Summit, Office 2013, Office 365, Oil and Gas, pc, technology, Windows 8

September 8, 2014

Battle ready: Delta women protest against NPDC camouflage-style (PHOTOS)

by Akan Ido Women from Orogun Oil and Gas Communities in Ethiope East Local Government Area, Delta State recently trooped out to register their displeasure over what it referred to as marginalization by the Nigerian Petroleum Development Company (NPDC). The protesters, who last month shut down the Erhoike Flow Station to register their opposition to the... Read More

Delta, Erhoike Flow Station, Nigereia, NPDC, Oil and Gas, protest, Shell

August 12, 2014

Don’t forget to join the conversation between @AdewaleTinubu and @ToluOgunlesi at 12pm today #askJAT

by Isi Esene Thursday, 31st July 2014 marked the close of the successful completion ofOando Energy Resources’ (OER) acquisition of the Nigerian Upstream Oil and Gas Business of ConocoPhillips. The transaction is one of the largest deals in sub-Saharan Africa so farthis year and is reflective of the dramatic growth of the homegrownNigerian oil and... Read More

ConocoPhillips, Interview, nigeria, oando, OER, Oil and Gas, tolu ogunlesi, twitter., Upsteam and Gas, Wale Tinubu

YNaija Editorial: So, what is the Jonathan government getting right?

This president’s record on security can rightly be graded negative, we are not yet winning the war against Boko Haram and we are failing on securing communities and states and building a frame of trust across the Nigeria. His federal government has also missed a huge opportunity to rally Nigerians in conduct, strategy and focus... Read More

Who woulda thunk it? Manufacturing is now biggest driver of Nigeria’s growth [DETAILS]

by Tunji Andrews An ironic twist in Nigeria’s economic story has presented itself with Renaissance Capital’s report that flags manufacturing as the major driver of economic growth in Nigeria. This is ironic because the country has been ridden with crippling power challenges that have historically been a key impediment to the development of manufacturing in... Read More

Business, Cement industry, economy, Federal Government, GDP, manufacturing in nigeriA, nigerian manufacturing, Oil and Gas, telecommunication, Textile, Who woulda thunk it? Manufacturing is now biggest driver of Nigeria’s growth [DETAILS]

Daddy’s (not so) little girl: Billionaire Femi Otedola’s daughter poses with him on the cover of Genevieve (LOOK)

by Akan Ido You don’t get to see billionaire oil magnate, Femi Otedola on magazine front covers everyday so this explains our excitement. And he’s not alone, the Zenon Oil boss is with his daughter, DJ Cuppy, wearing an all white outfit as it is his wont. The Otedolas are the cover stars of Genevieve... Read More

DJ Cuppy, fathers day, Femi Otedola, Forte Oil, genevieve, nigeria, Oil and Gas, Zenon Oil

Frank Onuoha: Nigeria is the largest economy in Africa – why we should care

by Frank Onuoha We made history – I like to think it is for good – by beating the South Africans to the race of becoming Africa’s largest economy and the 23rd largest economy in the world. When I read that, I thought “Wow!! Isn’t this lovely?” It is certainly a good thing that we... Read More

economy, Frank Onuoha: Nigeria is the largest economy in Africa- why we should care, great wealth, greta responsiblilty, largest economy, nigeria, Oil, Oil and Gas, oil economy, opinion, petrol, Petroleum, responsiblity

Tunde Fagbenle: Oil companies, exploitation and unemployment

by Tunde Fagbenle Okoigun is able to commend the present government of President Jonathan for enacting “the Nigerian Oil and Gas Content Development Law in 2010,” and apparently actively pursuing its observance, saying that the big players like Shell, Total, etc are beginning to yield attitude and embrace the law “instead of looking for loopholes... Read More

Oil and Gas, opinion, rilwan lukman, Shell, tunde fagbenle, ynaija

January 20, 2014

Music meets oil money: Limpopo master, Kcee pulls over to invest in oil & gas (See Photos)

by Tutu Akinlabi Even musician, Kingsley ‘Kcee’ Okonkwo, knows that having multiple streams of income is the way to go. The ‘Limpopo’ master said last year that he was looking into the oil and gas sector for the purpose of investing. Looks like he finally decided to go for it. The star shared these photos... Read More

instagram, KCee, Kingsley Okonkwo, Limpopo, Oil and Gas, Oil rig, photos

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