The World Energy 2023 report has unearthed a staggering decline of 92% in Nigeria’s crude oil refining output over the past ten years, raising concerns about the country’s energy sector. From a robust production level of 92,000 barrels per day (bpd) in 2012,
Adamawa governor, Ahmadu Fintiri, has announced a N10,000 monthly bonus for members of the National Youth Service Corps (NYSC) serving in the state. He said the fresh bonus will be an improvement of N20,000 that the state government currently gives once in a service
Majestic Rig belonging to Depthwize Nigeria Limited and operated by Seplat Energy, which capsized at Ovhor in Warri, Delta State, is Panama Flagged and has been operating on Nigerian waters since 2016 without requisite approvals from the Nigerian Maritime Administration and Safety Agency
The Federal Government may sell stakes in about 20 state-run companies to raise funds and improve governance in the entities. This is according to a Bloomberg report. The Nigerian National Petroleum Corporation is among the firms the government may sell a stake in,
There is palpable anxiety as five Nigerian oil workers and a Briton are feared dead while five others are missing at a Seplat Energy rig accident involving the Majestic rig at Ogboren near Ovhor Oilfield, in Sapele Local Government, Delta State. Reports say