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January 17, 2021
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…To Focus More on Gas, Condensats for Revenue Growth The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to abide by the output cut agreement of the Organization of the Petroleum Exporting Countries (OPEC) and its allies aimed at stabilizing the global oil market. The Group Managing Director of NNPC, Mallam Mele Kyari, stated […]Continue Reading
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The future of the global oil and gas industry has been a subject of great fascination and debate for decades. Since COVID-19 surfaced, there has been even more conjecture on this topic and, in particular, the most likely timing for “peak oil,” when crude production reaches its maximum rate before going into permanent decline. Predictions run […]Continue Reading
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The 2020 OPEC World Oil Outlook (WOO) will be launched via videoconference in Vienna, Austria, on Thursday, 8 October 2020 at 14:00 (CEST). OPEC’s Secretary General, HE Mohammad Sanusi Barkindo, will present the major findings of the WOO 2020, as well as introduce a video with key messages from the publication’s 14th edition, which coincides with […]Continue Reading
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Following the financial crisis occasioned by the global COVID-19 pandemic, the Federal Government has instituted fiscal measures aimed at improving revenue and entrenching a regime of prudence with emphasis on achieving value for money. The goal of the fiscal interventions, according to the Federal Government, would be to keep the economy active through carefully Continue Reading
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NIGERIA risks a return to recession — the second in four years — unless there is a strong third quarter economic performance, the Federal Government has warned. It explained that another recession will come with grave consequences. The government also warned that Nigeria faces significant medium-term fiscal challenges, especially in revenue generation, which if not […]Continue Reading