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Petroleum Industry Act – A New Era for the Nigerian Oil and Gas Upstream Industry – by Energy Focus

Introduction Introduced in 2007 to revamp the oil and gas sector, ensure an optimal level of transparency and accountability by strengthening governing institutions and attract the much-needed capital through changes to the governance, administrative, fiscal and regulatory frameworks, President Muhammadu Buhari assented to the Petroleum Industry Bill (PIB) on 16 August 2021 and renamed it […]

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NNPC Records Crude Oil, Gas Sales of $219.75m in May – by Energy Focus

…Posts ₦295.72bn from Sale of Petroleum Products The Nigerian National Petroleum Corporation (NNPC) says it recorded a total crude oil and gas export sales of $219.75m in May 2021, representing 180.29% increase on sales from the previous month of April 2021.  This is contained in the May 2021 edition of the NNPC Monthly Financial and […]

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NNPC Records Crude Oil, Gas Sales of $219.75m in May – by Energy Focus

…Posts ₦295.72bn from Sale of Petroleum Products The Nigerian National Petroleum Corporation (NNPC) says it recorded a total crude oil and gas export sales of $219.75m in May 2021, representing 180.29% increase on sales from the previous month of April 2021.  This is contained in the May 2021 edition of the NNPC Monthly Financial and […]

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Emmanuel Egbogah: Commemorating the Doyen of Nigeria’s Petroleum Industry – by Energy Focus

-By Felix Douglas The Emmanuel Egbogah Foundation (EEF) had its 10th Legacy Lecture Series at the Emerald Energy Institute (EEI) auditorium, University of Port Harcourt (UNIPORT) on the theme “Global Energy Transition: Implications on and Opportunities for Petroleum Dependent Economies” to commemorate the legacies of Nigeria’s foremost petroleum engineer, Dr. Emmanuel Egbogah.   The story of […]

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President Buhari has approved the Incorporation of NNPC – by Energy Focus

President Muhammadu Buhari President Muhammadu Buhari has commenced the implementation of the Petroleum Industry Act (PIA) by directing that the Nigerian National Petroleum Company (NNPC) Limited be incorporated. He also approved the appointment of the Board and Management of the NNPC Limited with Senator Ifeanyi Ararume as Chairman and the Group Managing-Director of the Nigerian […]

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President Buhari has approved the Incorporation of NNPC – by Energy Focus

President Muhammadu Buhari President Muhammadu Buhari has commenced the implementation of the Petroleum Industry Act (PIA) by directing that the Nigerian National Petroleum Company (NNPC) Limited be incorporated. He also approved the appointment of the Board and Management of the NNPC Limited with Senator Ifeanyi Ararume as Chairman and the Group Managing-Director of the Nigerian […]

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Anticorruption Potential of the Beneficial Ownership – by Energy Focus

The Executive Director of Civil Society Legislative Advocacy Centre (CISLAC), Auwal Ibrahim Musa explained that CISLAC/Transparency International-Nigeria with support from Tax Justice Network – Africa (TJNA) and Open Ownership is piloting a substantive monitoring of the Beneficial Ownership (BO) disclosure commitment of the Federal Government of Nigeria at both the 2016 London AntiCorruption Summit and […]

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Anticorruption Potential of the Beneficial Ownership – by Energy Focus

The Executive Director of Civil Society Legislative Advocacy Centre (CISLAC), Auwal Ibrahim Musa explained that CISLAC/Transparency International-Nigeria with support from Tax Justice Network – Africa (TJNA) and Open Ownership is piloting a substantive monitoring of the Beneficial Ownership (BO) disclosure commitment of the Federal Government of Nigeria at both the 2016 London AntiCorruption Summit and […]

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MDA Expenditure: Senate threatens to arrest NPA MD, NIMASA DG – by Energy Focus

The Senate has threatened the Ag. Managing Director of Nigerian Ports Authority (NPA), Mohammed Bello Koko, and Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, with a warrant of arrest over failure to explain N10billion and N814 million expenses in the agencies respectively. The Chairman, Senate Committee on Public Accounts, […]

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The Role of CSOs in NEITI to Actualize New Standards in EITI Framework – by Energy Focus

-By Peter Egbule An explanation of the Civil Society Organizations (CSOs) and the Nigeria Extractive Industries Transparency Initiative (NEITI) with National Stakeholders Working Group (NSWG) including Multi Stakeholders Group (MSG) on the extractive industries across the globe. The Extractive Industries Transparency Initiative (EITI) Standards A set of operating values, templates, commitments and implementation guidelines (Reviewed […]