Stakeholders in Nigeria’s oil and gas industry have called on the President, Muhammadu Buhari, to sign the Petroleum Industry Governance Bill, PIGB, into law.

RECKLESS disposal of plastics has been identified as a major environmental problem in Nigeria’s oil and gas- bearing areas.

THE Nigerian mining sector is gradually becoming the toast of both local and foreign investors, going by the current reforms undertaken by the Federal Government in the sector.
Data obtained from the Federal Government revealed that Nigeria currently has over 44 known types of minerals of varying mixes and proven quantities, some of which are concentrated in certain regions.

THE Minister of Mines and Steel Development, Mr. Abubakar Bawa Bwari has revealed why the Federal Government, through his ministry, ordered the suspension of blasting and mining activities around areas that experienced minor earth tremor last week.

THE Department of Petroleum Resources, DPR, has directed Energia Limited, a major indigenous oil and gas producing company, to pay N900 million to sacked workers in order to escape a court-driven compensation valued at N2.0 billion.

Despite promises, the Federal Government has not yet removed Value Added Tax, VAT, from locally sourced Liquefied Petroleum Gas, LPG.

MT Sahara Gas, the newly built vessel acquired by the West Africa Gas Limited, WAGL, has delivered 7,000 metric tons of Liquefied Natural Gas, thus increasing domestic supply in the nation.

POWER  supply in Nigeria has dropped, as the Transmission Company of Nigeria, TCN and Nigerian National Petroleum Corporation, NNPC, record system collapse and pipeline shutdown respectively.

The Shell Nigeria Gas (SNG) has donated an ultramodern ICT Centre and well-equipped science laboratories to African Church Community Secondary School in Ewupe, a community hosting the company’s facilities in Ota area of Ogun State.

THE Nigerian Content Development and Monitoring Board (NCDMB) has been tasked to ensure that the Nigerian oil and gas industry is able to produce all its needs by year 2027, the Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu has directed.

THE Nigerian Electricity Regulatory Commission, NERC, has slammed the Ibadan Electricity Distribution Company, IEDC with a fine of N50 million for alleged giving out of loan worth N6 billion from the N11.367 billion it received from the Nigeria Electricity Market Stabilisation Fund, NEMSF, granted by the Central Bank of Nigeria, CBN, to its core investor group.

There are indications that Nigeria’s crude oil biggest buyer, India has started looking up to the United States for the product. According to Platts, “Indian Oil Corporation (IOC) issued a tender for one Suezmax or VLCC cargo of US crude loading in December, along with one Suezmax or VLCC of West African crude.

THE management of Ikeja Electric has signed a Memorandum of Understanding (MoU) with Mojec International, a local meter manufacturing firm, for the supply of 2,055 Distribution Transformer (DT) Meters.

PIPELINES and Products Marketing Company, PPMC, a subsidiary of the Nigerian National Petroleum Corporation, NNPC, earned N132.04 billion from the sale of white petroleum products in the month of July 2017.

THE Electricity Distribution Companies, DISCOs, have disclosed that they installed 612,552 meters in different parts of the nation targeted at enhancing power distribution over the past four years.