The Nigerian National Petroleum Corporation (NNPC) has said that the nation’s crude oil production capacity has recorded a quantum leap in the aftermath of the amnesty programme and the return of peace in the Niger Delta area. The Group Managing Director of the NNPC, Dr. Mohammed Barkindo, who said this during a visit to the […]

…Wants gas flaring to end by Dec. 31, 2010 By Oscarline Onwuemenyi ABUJA – The proposed reform of the nation’s oil and gas sector could get underway with the planned passage of the Petroleum Industry Bill by the National Assembly before the Christmas holidays begin. This position was disclosed on Tuesday by the Chairman of […]

By Babatunde Fashakin Let’s not kid ourselves, things are not bad….they are extremely bad! We are in a situation of denial, our economic power has dwindled, our confidence shaken, and our fate hijacked. The current situation of the oil and gas industry has turned and for the worse. We have an industry bill that has […]

By Innocent Edemhanria For some years now, the Niger Delta has been literally turned to a war zone as militants held the nation to ransom. From their various camps in the Niger Delta creeks, the militants who were armed to the teeth, destroyed vital oil installations and kidnapped expatriate oil worker, most of who have […]

By  Patience Saghana In line with government objective to discourage monopoly in business community coupled with level playing field that now abound in the insurance sector, Custodian and Allied Insurance Company has won the Nigerian National Petroleum Corporation’s Consolidated Insurance Policy (NNPC-CIP) for 2010/2011. Vanguard can authoritative revealed that Custodian and Allied Insurance won the […]

By Ifeanyi Ugwuadu Year-end signals from the insurance sub-sector indicate that the Nigerian insurance market will key into a government-backed growth initiative in the energy sector to expand participation in the energy sector and grow premium income. A growth strategy unveiled by the industry regulator in its Market Development and Restructuring Initiative identified Nigerian Content […]

By Yemie Adeoye THE Ministry of Power has signed a contract for the construction of a Dual Thermal Plant using Low Pour Fuel Oil (LPFO) and Natural Gas, to be located in Kaduna, with General Electric and Rockson Engineering Nigeria Ltd Consortium. This is coming just as the federal government also announces a major boost […]

….As broker doubt insurers’ compliance Patience Saghana As the market agreement signed by all insurance companies operating in the country takes effect from today, December 1, 2009, the Nigerian Insurers Association (NIA) is appealing to members to comply with the rule and regulations in the agreement. The appeal by the association came on the heels […]

By Luka Binniyat ABUJA -  Though Nigerian is endow red with at least 34  metal and non-metal minerals, the Federal Government has agreed to concentrate on building an enabling environment for the exploitation of 7 for now, which it tagged “7-strategic” minerals. Speaking to the Press in Abuja, recently the Minister of Mines and Steel […]