Nigeria Oil and Gas

Nigeria's Petroleum Industry Bill (PIB) seeking big reforms in the sector has cleared every legislative hurdle and is on its way to President Muhammadu Buhari for assent. After prolonged…

After lawmakers passed the Petroleum Industry Bill (PIB), many Nigerians have expressed outrage at the provision in Part III, clause 9(4) relating to the creation of a Frontier Exploration…

The Nigerian National Petroleum Corporation (NNPC) recorded N351 billion revenue surplus in August as it remitted N872 billion instead of the planned N521 billion. Group Managing Director…

Nigeria has been unable to pass a petroleum industry law for nearly 20 years but the 9th National Assembly, due to its rancour-free relationship with the executive, may succeed in turning it…

The future of most Nigeria's indigenous oil companies may be under major threat as Shell, one of the world's largest oil companies, has warned that it would write off up to $22 billion from…