The National Union of Petroleum and Natural Gas Workers (NUPENG) Port Harcourt chapter have embarked on a strike. Time duration of the strike, reasons and other details are still coming in.
Failure by the President Muhammadu Buhari-led administration to reform the oil and gas sector has pushed the Nigerian National Petroleum Corporation (NNPC)’s revenue loss to over N546 billion. The trend does not only represent the loss of potential revenue for government but also constitutes a major challenge for the 2018 budget expectations and implementation. […]
The federal government through the Nigerian Content Development and Monitoring Board (NCDMB) has directed Seplat Petroleum Development Company Plc to suspend work on its ANOH Gas Plant project in Oil Mining Lease (OML) 53 over alleged violation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act of 2010 by using a UAE […]
Another interminable budget round, and the sense that we are not a serious people is reinforced, once again. If the annual federal budget is an essential planning tool (and the consensus around the world is that it is), what does our inability to pass, on time, the act that lends the weight of the […]