Featured Notes Owei Lakemfa

Govts incompetently running NNPC deserve the Nobel prize

Reading Time: 4 minutes THE latest episode in the Nigerian drama of governance is the importation of at least 100 million litres of contaminated PMS which knocked car engines. As with such cases of governance, nobody, official or organisation is willing or honest enough to take responsibility. The Nigerian National Petroleum Company, NNPC, which claimed to have discovered the Read More…

Business Nigeria Oil & Gas Top Story

NNPC to be incorporated within six months, may go public

Reading Time: 2 minutes Going by the directive by President Muhammadu Buhari to incorporate a Nigerian National Petroleum Company Limited, the implementation of the Petroleum Industry Act 2021 has begun. A statement from Aso Rock signed by Special Adviser on Media and Publicity, Femi Adesina, said that this was in consonance with Section 53(1) of the Petroleum Industry Act Read More…

Business Oil & Gas Top Story

NNPC, other national oil firms set to squander $400 billion on moribund projects

Reading Time: 2 minutes Image Credits: REUTERS. National oil companies (NOCs) risk squandering $400 billion on expensive oil and gas projects over the next decade that may only break even if the world fails to meet the Paris climate goals, a non-governmental organisation said on Tuesday. In a new report called Risky Bet, the Natural Resource Governance Institute (NRGI) Read More…