Revenue Watch has ranked Nigeria amongst the weakest of 58 countries covered in the study of transparency and    proper management of its oil resources.

Revenue Watch Instituted, RWI, has ranked Nigeria ‘weak’ among the world’s 58 countries covered in …

Nigeria ‘weak’ in oil resource governance, says Revenue Watch is a post from: Premium Times Nigeria

The union decried the drop in crude oil production since the first quarter of the year.

The Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has called on the Federal Government to fast-track the fight against pipeline vandalism …

Oil workers task Nigerian Government on pipeline vandalism is a post from: Premium Times Nigeria

An automated audit process will make the exercise more effective, efficient, transparent and reliable, NEITI says.

The Nigerian Extractive Industries Transparency, NEITI, has said that only an automated process that is devoid of human elements would guarantee the effective, …

Nigeria needs prompt automation of oil industry processes- NEITI is a post from: Premium Times Nigeria

The auditing firm relied on third party accounts.

The Economic and Financial Crimes Commission, EFCC, has said that the Petroleum Products Pricing Regulatory Agency, PPPRA, and an audit firm, Akintola Williams Deloitte, gave the Federal Government inflated figures …

Subsidy fraud: PPPRA, Akintola Williams Deloitte inflated figures, misled government- EFCC is a post from: Premium Times Nigeria

NLNG Plant

The Nigerian Maritime Administration and Safety Agency (NIMASA) triggered a major trade dispute Friday in Bonny Island, blocking access to the nation’s major loading terminals for gas export, authoritative security sources have disclosed to PREMIUM TIMES.

NIMASA’s action …

BREAKING NEWS: Nigeria’s Gas Export In Danger Over Levy Wars is a post from: Premium Times Nigeria

Petroleum Minister Diezani Alison-Madueke

FG has asked the Appeal Court to set aside the judgment and dismiss the matter in its entirety.

The Federal Government on Thursday gave notice of appeal against the ruling of a Federal High Court, Abuja, in …

Nigerian government appeals against judgement banning deregulation of petrol is a post from: Premium Times Nigeria

The union advocated the formal training of illegal oil refiners.

The Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, on Friday urged the Federal Government to establish a pipeline protection agency to check pipeline vandalism.

The President of …

NUPENG urges establishment of pipeline protection agency is a post from: Premium Times Nigeria

Two researchers of the IIED published a book on how to resolve such conflicts.

Extractive Companies can act to address conflict and build trust in communities their activities affect, the International Institute for Environment and Development (IIED), one of the …

Group urges extractive companies, host communities to resolve grievances amicably is a post from: Premium Times Nigeria

The firm was losing about 7,000 barrels of its daily crude production.

An Italian oil firm, Eni, on Monday shut down its activities in the swampy oil fields of Bayelsa State over theft.

The firm, in a statement made available …

ENI shuts down operations over “unprecedented” crude oil theft in Bayelsa is a post from: Premium Times Nigeria

The bulk of Nigeria’s crude theft and losses occur on the Nembe pipeline.

Shell Petroleum Development Company of Nigeria, SPDC, on Friday declared “force majeure” on its oil exports, as it plans to shut down operations on its Nembe …

Shell declares force majeure on export, plans Nembe field closure for repairs is a post from: Premium Times Nigeria

Mr. Mitee has urged civil society groups to do a lot more to unravel the dimensions of the PIB.

The proposed Host Community Fund in the Petroleum Industry Bill, PIB, will succeed in creating another bureaucracy to short-change the people …

Ogoni leader, Ledum Mitee, opposes Host Community Fund in PIB is a post from: Premium Times Nigeria

The NNPC blames its problems on the difficult operational environment in the industry.

The management of the Nigerian National Petroleum Corporation, NNPC, on Tuesday, blamed huge operational losses in its business for its inability to pay about N142.7 billion, …

Nigeria oil company, NNPC, operating at a loss- GMD is a post from: Premium Times Nigeria

Sanusi Lamido

The Central Bank chief said there was no basis for the controversy.

The Central Bank of Nigeria, CBN, Governor, Lamido Sanusi, has described the recent controversy surrounding Nigeria’s management of its excess crude revenue savings and …

Nigeria’s excess crude revenue used to finance petrol subsidy payments- Sanusi is a post from: Premium Times Nigeria

NNPC explains its controversial $1.56 billion syndicated loan.

The Nigerian National Petroleum Corporation, NNPC, on Monday finally gave an explanation for its controversial $1.56 billion syndicated loan.

The five-year amortizing loan deal is reportedly syndicated by Standard Chartered Bank …

Finally, NNPC responds to controversial $1.6 billion loan is a post from: Premium Times Nigeria

Petroleum Minister Diezani Alison-Madueke

Oil companies say the delay in passing the PIB is slowing down the industry.

International Oil Companies, IOCs, on Wednesday said the continued delay in passing the Petroleum Industry Bill, PIB, into law is creating uncertainties. …

Non-passage of PIB delays billion dollars investments in Nigeria, oil companies say is a post from: Premium Times Nigeria