oil sector – InfoStride News

Tinubu Inaugurates New NNPCL Board to Drive Nigeria’s Oil Sector Reforms

Temitope Nlewemchi — Sat, 23 May 2026 12:30:51 +0000

President Bola Ahmed Tinubu officially inaugurated the new board and executive management team of the Nigerian National Petroleum Company Limited (NNPCL) on May 22, 2025, at the State House in Abuja. This marks a pivotal moment for Nigeria’s state-owned oil company as it embarks on a fresh phase under new leadership aimed at boosting efficiency, [...]

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FG Urged to Recognise Etete’s Contributions to Oil Sector

Temitope Nlewemchi — Mon, 12 Jan 2026 20:38:36 +0000

Calls are mounting for the Federal Government to formally acknowledge the pivotal role played by former Petroleum Minister Dan Etete in advancing Nigeria’s oil and gas industry, particularly in fostering indigenous participation and local content development. Etete, who served as Minister of Petroleum Resources from 1995 to 1998, is credited with laying the groundwork for [...]

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World Bank Partners NUPRC to Curb Emissions in Nigeria’s Oil Sector

Temitope Nlewemchi — Thu, 16 Oct 2025 13:30:43 +0000

The World Bank has entered into a strategic partnership with the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to accelerate efforts aimed at reducing greenhouse gas emissions within Nigeria’s oil and gas industry. The collaboration is part of the global lender’s broader initiative to support developing nations in achieving energy transition goals while maintaining economic stability [...]

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Oyetola Says Marine and Blue Economy Poised to Overtake Oil as Nigeria’s Primary Revenue Source

Temitope Nlewemchi — Sat, 04 Oct 2025 09:37:12 +0000

Minister of Marine and Blue Economy, Adegboyega Oyetola, has reaffirmed that the Nigerian government is actively developing the marine and blue economy sector to become the country’s main source of income, surpassing crude oil in the near future. Speaking during a visit to the Institute of Maritime Studies at the University of Lagos, Oyetola emphasized [...]

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US Streamlines Licensing for Global Doctors: Simplifying the Path for International Medical Professionals

Temitope Nlewemchi — Sat, 25 Nov 2023 20:27:48 +0000

InfoStride News reports that a groundbreaking Tennessee law slated to take effect in July 2024 is set to facilitate the entry of international doctors into the U.S. healthcare workforce, aiming to alleviate the persistent shortage of physicians, especially in underserved regions. While the law holds promise, concerns about potential gaps that could diminish its impact [...]

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Nigeria’s Oil Sector Sees 0.85% Contraction in Q3/2023

Temitope Nlewemchi — Sat, 25 Nov 2023 20:21:48 +0000

In Q3/2023, Nigeria’s oil sector exhibited a growth rate of -0.85%, as revealed by the recently released Gross Domestic Product (GDP) report from the National Bureau of Statistics (NBS). Despite the negative figure, this marks an improvement compared to the corresponding quarter in 2022 and the preceding quarter, indicating positive trends in the industry. Contrasting [...]

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We Are Focused On Implementation Of The Oil Sector Reforms – Ibe Kachikwu

David Folami — Fri, 06 Oct 2017 11:48:49 +0000

Dr Ibe Kachikwu, very recently, shared the leakage with members the public of a memo to President Muhammadu Buhari by the ministry. He displayed the displeasure in a statement in Abuja by Mr Idang Alibi, Director, Press Relations, in the ministry. He said ”the attention of the Ministry of Petroleum Resources has been drawn to [...]

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PPMC Solicits EFCC Support In Sanitizing Nigerian Oil Sector

Kunle Edun — Sat, 22 Jul 2017 22:16:39 +0000

The assistance of the Economic and Financial Crimes Commission (EFCC) has been sought by the Nigerian Products Marketing Company (formerly Pipelines and Products Marketing Company), a subsidiary of the Nigerian National Petroleum Corporation (NNPC) in tackling sundry financial malpractices in the downstream sector of the Nigerian oil industry. Umar Adiya, the managing director of the [...]

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Nigerian Government To Develop A National Transportation Master Plan

Wale Adebayo — Wed, 23 Dec 2015 23:05:24 +0000

The Minister of Transportation, Rotimi Amaechi, on Wednesday, said the Federal Government is developing a national transportation master plan to diversify the economy and improve non-oil sector revenue. Speaking at a briefing after a tour of facilities at the Lagos Airport, he said government is determined to fully exploit the potential of the transport sector by opening [...]

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Kachikwu Promises To Transform Nigeria’s Oil Sector In 365 Days

Kunle Atiba — Sat, 19 Dec 2015 23:01:11 +0000

The Minister of State for Petroleum, Dr Ibe Kachikwu, has promised to bring about fundamental change in Nigeria’s petroleum sector in 365 days. He gave the promise on Saturday when All Progressives Congress (APC) chieftains in Delta, led by Mr Jones Erue, the party chairman, visited him at his country home in Onicha-Ugbo, Aniocha North [...]

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Fuel Subsidy Is Killing Nigeria’s Economy – Onukeme

Wale Adebayo — Sat, 21 Nov 2015 21:35:58 +0000

An oil magnate, Chief Tony Onukeme, has urged the Federal Government to remove all forms of subsidy on petroleum products. Chief Onukeme made the call in Awka, Anambra State on Friday. He said the subsidy regime had contributed greatly to the underdevelopment of the nation’s oil sector and had led to the starvation of other [...]

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