Category: Economy

FG Committed To Sustain Policies, Incentives In Oil Sector —Lokpobiri As a way for Nigeria to remain attractive destination for energy investment, The Federal Government has reiterated its commitment to sustaining policies and incentives . This assurance was given by the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri Ph.D., during an inspection…

FG: Financing For Aba-Maiduguri Rail Corridor Secured Four Legacy Road Projects Designed To Connect Nigeria’s States By Shalom Oludele The federal government has secured financing for the entire Aba to Maiduguri corridor, cutting across Borno, Yobe, Gombe, Bauchi, Plateau, Kaduna, Nasarawa, and Benue, of the 1443 kilometer Portharcourt Eastern Narrow Gauge Railway Project. This is…

NHF: Retirees Complain Of Non Payment Retired workers of the Federal Civil Service, have decried the poor treatment of retirees by operators of the National Housing Fund (NHF). The NHF, a contributory housing scheme, established to provide housing for eligible federal workers and affordable mortgage loans, is handled by the Federal Mortgage Bank of Nigeria,…

Industry Leaders Defend Local Content, Rally Behind NCDMB at NOG Energy Week At the NOG Energy Week in Abuja, industry leaders robustly defended Nigeria’s local content policy, rejecting claims that it inflates business costs in the oil and gas sector. They cautioned that such criticisms jeopardize the nation’s industrial progress and lauded the Nigerian Content…

DIVESTMENT WAS IN OUR BEST INTEREST FOR VALUE RETENTION IN-COUNTRY — SEN LOKPOBIRI. The Honourable Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, Ph.D, has reaffirmed that divestment is a vital component of the energy business. When strategically executed, he said, it delivers measurable benefits to Nigeria’s oil and gas sector. He emphasized…

Sustain Peace to Maximize PIA Benefits, Lokpobiri Urges Host Communities Host Communities (HostCom) in the Niger Delta must sustain peace and create a conducive environment to continue benefiting from the Host Community Trust Fund established by the Petroleum Industry Act (PIA). Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, Ph.D., made this call…

Petroleum Minister Calls For A Globally Inclusive Energy Transition Framework As the world moves towards cleaner energy, the Minister of States for Petroleum Resources ( Oil), Heineken Lokpobiri, has called for a globally inclusive energy transition framework that reflects Africa’s unique developmental challenges. Speaking on Monday in Abuja an exclusive reception dinner, hosted by the…

FG Committed To Niger Delta Development —Lokpobiri The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, Ph.D, has received Members of the South South Caucus of the 10th Assembly House of Representatives. The lawmakers visited to express solidarity with the Federal Government’s ongoing efforts to transform the oil sector and advance development in…

By Chris Mark The Organisation of Oil Exporting Countries (OPEC) has handed pass marks to Nigeria and other member countries over their conformity with the crude oil production quota for November and December 2024. The evaluation, which was carried out during the 58th Meeting of the OPEC Joint Ministerial Monitoring Committee (JMMC), showed that OPEC…