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The lawmakers described as unacceptable the fact that there was no synergy between the Ministry of Petroleum Resources and the CBN on the project.

Top 15 News Roundup For Latest Nigeria News November 27

(AFRICAN EXAMINER) – The Federal Government, on Thursday said it has reviewed downward the price of gas-to-power from $2.50/mmbtu to $2.18/mmbtu for domestic supply obligation (DSO). In his remarks at the 2021 Gas Sector Stakeholders’ Forum themed: Optimizing the Economic Development Capacity of the Ajaokuta-Kaduna-Kano “AKK” Gas Pipeline Project, in Kano, Minister of State Petroleum […]

The Minister of State for Petroleum Resources, Chief Timipre Sylva, has applauded the management of Daris Tele Limited under the leadership of Tokunbo Olateru-Olagbegi for the commitment and efforts put into making the documentary on Nigeria’s decades of oil and gas production. The minister who spoke at the launch of the documentary: ‘The Nigerian Gas Journey… Past, Present and Future’, recalled that the National Gas Policy approved by the federal government in 2017 foresees Nigeria as an attractive gas-based industrial nation, centred on satisfying local gas demand requirements, and ...

Despite Covid-19 challenges, Nigeria’s petroleum industry made progress in 2020 The Covid-19 pandemic and other economic challenges did not distract the petroleum resources ministry from its reform agenda 12 min read When President Muhammadu Buhari appointed Timipre Sylva, a former governor of Bayelsa State, as Minister of State for Petroleum Resources in late 2019, the country’s petroleum industry was in a deplorable state. Daily oil production had fallen from 2.3 million barrels projected in the year’s budget to about 1.81 million barrels and high production cost was a...