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Oil & Gas
Nigeria faces gas crunch amid rising demand
Nigeria has seen its gas production drop in recent times amid rising demand in the domestic and international markets.
Operators have said there is a need to bridge the infrastructure…
Gas flaring penalties hit N260 billion in 15 months
Payable penalties by oil companies for flaring gas in Nigeria have risen above two hundred billion Naira since January last year, according to data from the Nigeria Gas Flare Tracker (GFT),…
Nigeria’s economy threatened on declining oil production – World Bank
Nigeria's economic growth in 2023 is at risk of being fragile, with oil production remaining low and the new administration facing multiple policy challenges, says a new report by the World…
Tax, governance reform needed to tap Africa’s oil wealth – World Bank
African countries need to reform their governance and fiscal systems to maximise revenue from their natural resources, the World Bank has said in a new report on how the continent can adapt…
Subsidy removal in a fix as refineries miss repair deadline
The March completion deadline for the initial stage of repair work on the Port Harcourt, Warri and Kaduna refineries has been missed, and continued delay in delivering the projects will add…