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…
Kebbi Budgets N580.33bn For 2025 By Jameel Gulma, Kebbi Kebbi State Govenror, Dr Nasir Idris, Kauran Gwandu on Wednesday, presented the state’s proposed 2025 budget amounting to over N580.33 billion. The Kauran Gwandu said that the 2025 budget was tagged, “Economic and Infrastructural Consolidation ”. According to the governor, among other sources, the budget…
Tinubu Boasts of His Economic Policies As He Presents The 2025 Appropriation Bill Shalom Oludele President Bola Ahmed Tinubu has boasted of his economic policies, saying indicators have proven that the economy is responding positively to stimulus. Tinubu, who said this while presenting the 2024 budget on Wednesday before a joint session of the…
Breaking News: 2025 Budget Proposal: N15.8trn Allocated For Debt Servicing, Security, N4.91trn By Shalom Oludele A sum of N15.81 trillion has been allocated for debt servicing in the 2025 Appropriation Bill presented to the joint sitting of the National Assembly by President Bola Ahmed Tinubu. Defence and Security tops the sectoral allocations in…
2024 Budget Will Extend Into Mid 2025 –Akpabio By Shalom Oludele The Senate President, Senator Godswill Akpabio has said that the 2024 budget will be extended to June 2025. He made this known in his opening remark during the 2025 Appropriation Bill presentation by President Bola Ahmed Tinubu to the joint sitting of the National…
