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Articles by Mike Eboh
NNPC to grow Nigeria’s gas utilisation
By Mike Eboh The Nigerian National Petroleum Corporation, NNPC, on Tuesday, said it is focusing on growing the nation’s domestic gas utilization for balanced economic growth. In a statement in Abuja, Group Managing Director of the NNPC, Mallam Mele Kyari, restated the NNPC’s commitment to the aggressive implementation of the Nigerian Gas Master Plan as a way of stimulating massive and sustainable economic development using natural gas which the nation has in abundance.
Nigeria: Govt to Fund Electricity Agency With N152bn in 2021
In spite of the public outrage over last week's electricity tariff hike which the government said it was meant to fund electricity infrastructure, the federal government is set to spend additional N152.416 billion in funding the Nigerian Bulk Electricity Bulk Trading Plc in 2021.
Nigeria Loses N300bn to Gas Flaring in 7 Months
Gas flaring in Nigeria's oil fields has taken a huge toll on the economy, as the country flared 225.1 billion standard cubic feet of gas, (bscf) between January and July 2020. The monetary value of the burnt gas in the international market is $787.7 million (about N299.33 billion). This comes against the backdrop of the huge revenue losses arising from the impact of the outbreak of Coronavirus, COVID-19, pandemic, which crashed both volume and price of crude oil sales.
Nigeria loses N300bn to gas flaring in 7 months
By Mike Eboh Gas flaring in Nigeria’s oil fields has taken a huge toll on the economy, as the country flared 225.1 billion standard cubic feet of gas, (bscf) between January and July 2020. The monetary value of the burnt gas in the international market is $787.7 million (about N299.33 billion). This comes against the backdrop of the huge revenue losses arising from the impact of the outbreak of Coronavirus, COVID-19, pandemic, which crashed both volume and price of crude oil sales.
Nigeria: How Oil Sector Can Survive Covid-19 Challenges - NNPC GMD
Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, yesterday, urged stakeholders in the petroleum industry to evolve innovative ways to reposition the sector for sustainability, especially in the face of the COVID-19 pandemic.
Nigeria: Economy Sinks to 3-Decade Record Low
By Emeka Anaeto, Peter Egwuatu, Yinka Kolawole, Mike Eboh and Elizabeth Adegbesan Nigeria's economy has suffered its worst decline in three decades as the Gross Domestic Product, GDP, contracted by -6.1 per cent Year-on-Year, YoY, in the second quarter of 2020.
FG commends NNPC, partners for COVID-19 interventions
By Mike Eboh The Secretary to the Government of the Federation and Chairman of the Presidential Taskforce on Covid-19, Boss Mustapha, yesterday, commended the Nigerian National Petroleum Corporation (NNPC) for her unwavering support and several medical interventions, geared towards providing a lasting solution to the novel coronavirus pandemic in Nigeria. According to a statement by the NNPC, Mustapha stated that the gesture showed the corporation as the hallmark of a national oil company.
NNPC to hands-off refineries management, adopt NLNG model
Group Managing Director, Mele Kyar By Mike Eboh …To migrate kerosene users to cooking gas The Nigerian National Petroleum Corporation (NNPC), yesterday, stated that it would no longer be involved… CONTINUE READING» Stay up-to-date Subscribe now for weekly news headlines roundup delivered directly to your inbox. Thank you for subscribing. Something went wrong.
Nigeria Earned U.S.$32.6 Billion From Oil, Gas in 2018 - NEITI
Nigeria Extractive Industries Transparency Initiative (NEITI), Monday, disclosed that Nigeria earned a total of $32.63 billion from the oil and gas sector in 2018, a 55 per cent increase on the $20.99 billion recorded from the sector in 2017.
Nigeria: Fuel Subsidy, Nigeria's Biggest Fiscal Burden - LCCI
By Udeme Akpan, Mike Eboh and Prince Okafor Lagos Chamber of Commerce and Industry, LCCI, has described fuel subsidy which the World Bank said cost Nigeria N731 billion in 2018, as the biggest fiscal burden currently staring the nation's economy in the face.
Nigeria: Resolve Minimum Wage Issue Before Nov, Pengassan Tells Govt, Others
By Mike EbohThe Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, yesterday, called on the federal and state governments, organized private sector and other stakeholders to immediately resolve the impasse in the ongoing negotiation for a new minimum wage in the country before political campaigns begin in November.
Nigeria Earns N37.465 Trn From Oil in 6 Years
By Udeme Akpan and Mike EbohThere are indications that the Federal Government's oil revenue dropped by more than 297.6 per cent between the second quarter of 2010 and fourth quarter of 2017, as a result of developments in the international market.
Nigeria: NNPC to Eliminate Paper Transactions
By Mike EbohThe Nigerian National Petroleum Corporation, NNPC, yesterday, said it is poised to go paperless in its operations within the shortest possible time, through the conversion of all its documents and other papers into digital formats. To this end, in a statement in Abuja, the NNPC said it has inaugurated two committees -- the Systems Applications and Products (SAP) Steering Committee (SC) and Group Process Council (GPC).
Nigeria: Fuel Scarcity - Hold NNPC, Marketers Responsible - Senate
Photo: Le Pays President Muhammadu Buhari. By Udeme Akpan, Godfrey Bivbere, Mike Eboh, Gabriel Enogholase and Prince OkaforAS President Muhammadu Buhari prepares to meet stakeholders today in Aso Rock, to find lasting solution to the nation's prolonged fuel crisis, the Senate Committee on Petroleum Downstream has blamed the Nigerian National Petroleum Corporation, NNPC and marketers for the development.
Nigeria: IPMAN Blames Failed Roads, Apapa Gridlock, Rumoured Fuel Price Hike, Fuel Scarcity
By Udeme Akpan, Henry Umoru, Mike Eboh & Ediri EjohAbuja — ... Senate summons NNPC boss, to inspect filling stations nationwide As the fuel scarcity noticed Monday in Abuja, the Federal Capital Territory, FCT, spread to Lagos, yesterday, the Senate has summoned the Group Managing Director of Nigerian National Petroleum Corporation, NNPC, Maikanti Baru, to appear before its Committee on Petroleum Downstream tomorrow, after failing to appear before it yesterday.
Kachikwu vs Baru: PENGASSAN, NUPENG vow to resist interference — Nigeria Today
LAGOS — The Nige rian National Petroleum Corporation, NNPC, yesterday, described the allegations of the Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, against its Group Managing Director, Mr. Maikanti Baru, as baseless and accused the minister of exaggerating and concocting figures to give vent to his claims. NNPC’s statement yesterday, however, drew the reaction of stakeholders in the oil and gas sector and the polity.
$1.3bn Malabu scandal: Shell admits paying Etete for oil bloc - Nigeria Today
We’re not aware of bid to summon Jonathan – Reps Minority Leader, C’ttee member I’ve no foreign account, didn’t receive $200m bribe — Jonathan Malabu asks court to stop FG from signing $13.5bn Zabazaba Deep Water project LAGOS — Royal Dutch Shell, yesterday, admitted paying money to Malabu Oil and Gas for rights to oil bloc, OML 245. Malabu is owned by former Petroleum Minister, Chief Dan Etete.
Nigeria: Govt Plans New Prices for Fuel, As Scarcity Lingers
By Sebastine Obasi, Mike Eboh, Joseph Erunke and Ediri EjohLagos — Nigerians might have to pay more for petrol in the days ahead, as the Federal Government, yesterday, disclosed that it would review the price of Premium Motor Spirit, PMS, also known as petrol, next month. This came as the Acting Executive Secretary of the Petroleum Products Pricing Regulatory Agency, PPPRA, Mrs.
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