The Executive Secretary, Nigeria Extractive Industries Transparency Initiative, NEITI, Mrs. Zainabe Ahmed, has said that the non-implementation of the finding and recommendations of NEITI Audit Reports remained a major challenge facing the agency.

The Board of Transmission Company of Nigeria, TCN, has approved the appointment of Mr Mack Kast, as the new Managing Director and Chief Executive of the agency with immediate effect.

The Federal Government has completed arrangements to commission the solar-powered electrification project in Durumi, a surburb of Mpape in Bwari Area Council.

The Nigeria Extractive Industries Transparency Initiative, NEITI, seeks to achieve operational excellence in regulation and enforcement across the extractive industries in 2014

The Minister of Petroleum Resources, Mrs. Diezani Alision-Madueke has said the government was ready to discuss and negotiate with organised labour in the sector with a view to ensuring smooth sail of the privatisation of the nation’s four refineries.

By Chijioke Nwaozuzu The recent announcement of the second licensing round for 31 marginal oil fields by the Petroleum Minister, Mrs. Diezani Alison-Madueke, came 12 years after the previous round in 2001.But, it is a welcome development and represents an opportunity to increase indigenous participation in petroleum upstream activities. It is also anticipated that the […]

The importation of substandard gas cylinders into the country is deterring genuine investors in the business, the Nigeria Liquefied Petroleum Gas Association, NLPGA has said.

The National Electric Regulatory Agency, NERC, has blamed the current worsening state of power supply in the country on shortfall of gas supply to the generation companies.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members to sell kerosene at N50 per litre in their filling stations. It also said that the Federal Government’s plan to privatise the four refineries would enhance the quality and supply chain of petroleum products across the country.

The European Union, EU, has agreed to partner with the Federal Government to ensure the provision of electricity to rural communities not captured in the national grid.