The Nigerian National Petroleum Corporation will support the Nigerian Gas Association to achieve its objectives of ensuring that the country derives maximum benefit from its huge gas resource base.
Dangote Industries said that the recent discovery of oil in Lagos State in commercial quantity is a good sign for the development of the oil and gas industry in the country.
The Niger Delta Greenland Justice Mandate blew up the Afiesere – Ekiugbo delivery line, a major crude oil shoreline belonging to the Nigerian Petroleum Development Company (NPDC) in Ughelli, Delta State.
Nigeria will sell off 15% of the Nigerian National Petroleum Corporation's (NNPC) and Nigeria LNG Limited's (NLNG) oil and gas assets to help revive the country's economy, with an expected yield of $10b.
Nigeria spent an estimated $35b as subsidy on petroleum products out of the $300b earned from crude oil over the course of 5 years since 2010. This amounts to approximately $7b annual expenditure on subsidies.