Category : Search result: oil and gas revenue


New 500MT LPG Depot Launched in Ore, Ondo State

Alles Charis Gas Limited commissions a 500-metric-tonne LPG facility in Ore, Ondo state, to deepen domestic gas penetration, improve supply security, and support Nigeria's clean energy transition. Discover the impact.

Reps Probe Billions Lost in Oil, Agriculture, Properties

The House of Representatives launches a major investigation into massive revenue leakages in Nigeria's oil sector, Anchor Borrowers' Programme, and over 11,000 abandoned federal properties valued at N20 trillion.

Shettima: Tinubu's reforms expand investment frontiers

Vice President Shettima declares Nigeria ready for large-scale investments as Tinubu's reforms attract global investors. Advanced Energy Partners leads $30B consortium exploring oil, gas opportunities.

Midwestern Oil Names First Female CEO

Midwestern Oil and Gas makes history by appointing Engr. Elozino Olaniyan as its first female CEO. With 30+ years experience, she will drive governance reforms and sustainable growth in Nigeria's energy sector.

Reps Panel Vows to End Oil Revenue Leakages

House of Representatives committee pledges to halt massive revenue losses in Nigeria's oil and non-oil export sectors, aiming to recover billions lost annually through systemic leakages.

Ebonyi ranks lowest in 2025 FAAC payouts

Ebonyi State received the lowest FAAC allocation of ₦112.19B between January-August 2025, highlighting Nigeria's revenue imbalance. Discover the states that got the most and least.

Nigeria Plans 500 CNG Stations via Gas Fund

Federal Government confirms 500 CNG stations will be built across Nigeria using MDGIF funds. Project aims to support one million CNG vehicles by 2027, reducing petrol dependence.

Reliability: Nigeria's New Oil - NoteOpX Revolution

Discover how Nigerian startup NoteOpX is transforming industrial reliability with African-built asset management systems, saving millions and preventing failures across oil, gas and power sectors.

16-year-old OAU student wins NCDMB essay competition

Akande Oyinkansola Josephine, a 16-year-old OAU medical student, has won the 2025 NCDMB National Undergraduate Essay Competition and received a one million naira prize. Read her inspiring story.

Senate Orders NNPCL to Refund N210 Trillion

Nigerian Senate demands NNPCL refund N210 trillion in unaccounted funds after CEO snubs hearing. Auditor-General's report reveals massive financial discrepancies from 2017-2023 operations.

Cooking Gas Prices Drop by Over N900 per Kg

Nigerians celebrate as cooking gas prices drop significantly, with marketers promising further reductions ahead of festive season. Major suppliers including NNPCL slash prices.

Cooking Gas Prices Surge Above N1,100 Nationwide

Nigerians face painful cooking gas price hikes as costs reach N2,000 per kg in Abuja, Lagos, and other cities. Marketers blame supply disruptions and logistics challenges for the crisis.

Matrix Energy Appoints Umunna as Group DMD

In a strategic move to accelerate growth, Matrix Energy Group has announced the appointment of Chukwunonso Umunna as Group Deputy Managing Director, bringing over 15 years of energy sector expertise to drive the company's expansion agenda across Nigeria a

Local Content Key to Africa's Energy Future

Nigerian Content Development and Monitoring Board reveals how prioritizing local content is transforming Africa's energy sector and creating sustainable growth opportunities.

Nigeria Lost $300B to Oil Theft - Senate Probe

Shocking Senate probe exposes how Nigeria lost over $300 billion in crude oil revenues from Niger Delta region due to massive theft and pipeline vandalism over 10 years, threatening national economy.

FG Plans Refinery Sale to Boost Competition

The Federal Government is considering selling the country's struggling refineries to private investors as part of a comprehensive strategy to revitalize Nigeria's oil and gas sector, increase competition, and achieve energy self-sufficiency.

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