The combined bank borrowing of oil firms operating in the downstream and upstream subsectors of the Nigerian oil and gas industry rose from N5.19tn in January 2021 to N5.68tn in December 2021, showing an increase...
The Nigeria Governors’ Forum (NGF) and the Nigeria Labour Congress (NLC) have kicked against NNPC’s N3tr subsidy bill submitted to the Federal Executive Council, and blamed the company for the mismanagement of the proceeds accruing...
The Federal Government has said a policy on the operations of artisanal refineries in the country would soon be unveiled. The Senior Special Assistant to the President on Niger Delta Affairs, Senator Eta Enang, explained...
A meeting of the Federal Government and members of the Petroleum and Natural Gas Senior Staff Association of Nigeria to halt the ongoing strike by oil workers ended in a deadlock. Officials of PENGASSAN said the...
The Nigerian National Petroleum Corporation (NNPC) has advised against panic buying over the PENGASSAN strike. The NNPC said this in a statement from Group Public Affairs Division of the Corporation, Dr. Kennie Obateru, that there was...
Oil workers under the umbrella of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have embarked on an indefinite strike. The order to members was contained in a letter, dated November 8, 2020,...