• Oil sector woes responsible for recession, says Buhari

    Oil sector woes responsible for recession, says Buhari

    President Muhammadu Buhari on Friday lamented that Nigeria has been hit by the misfortunes of the oil industry.

    The President spoke while inaugurating the governing boards of three parastatals of the Ministry of Petroleum Resources: the Nigerian National Petroleum Corporation; Nigerian Content Development Monitoring Board and the Nigeria Nuclear Regulatory Authority, at the Presidential Villa, Abuja.

    All the boards have the Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, as their chairman.

    Buhari noted that the boards were inaugurated at a […]

  • NPA to investigate $1.5bn loss from oil sector monopoly

    NPA to investigate $1.5bn loss from oil sector monopoly

    The Nigerian Ports Authority (NPA) has vowed to investigate complaints of monopoly in the oil and gas sector.

    Managing Director of NPA, Hajia Hadiza Bala Usman, gave the assurance during an inspection of Snake Island Integrated Free Zone (SIIFZ) and Nigerdock in Lagos yesterday.

    Bala Usman maintained that NPA under her watch would ensure a level playing ground and the enabling operating environment for oil and gas sector players to ensure that the necessary legislations to block any form of monopoly in […]