FG contemplates revoking dormant oil licences in industry overhaul

The Nigerian Upstream Petroleum and Regulatory Commission have revealed plans by the Federal Government to revoke dormant oil exploration leases granted to companies that have yet to undertake exploration activities. […]

FG extends warm welcome to Mexican investors

The Minister of Solid Minerals Development, Dele Alake, commended the visit of investors from Mexico seeking opportunities in Nigeria’s solid minerals sector. President Bola Tinubu’s administration has implemented incentives to […]

FG initiates training and ISO certification for welders

The Minister of Innovation, Science, and Technology, Mr. Uche Nnaji, has emphasized the need for training and International Organisation for Standardisation (ISO) certification for Nigerian welders to enhance the workforce […]

FG bargains on N26 trillion for 2024 budget

The Minister of Planning and Budget, Atiku Bagudu, announced that the Federal Government anticipates a budget estimate of N26 trillion for the year 2024. This disclosure took place following the […]

23 oil blocks fail to produce crude – FG

Numerous oil blocks managed by international and local oil companies under Production Sharing Contracts (PSC) with the Nigerian National Petroleum Company Limited (NNPC) remained non-producing or inactive, according to the […]