The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said on Monday that the country’s oil and gas reserves stood at 37.50 billion barrels as of January 1, 2024, up from 37.046 billion barrels in May 2022.
At a press conference in Abuja, Engr. Gbenga Komolafe, Chief Executive Officer of the commission, said robust policies are in place to enhance and streamline oil and gas operations in the nation.… Read the rest
The Nigerian Shippers’ Council (NSC) has approved, negotiated and reviewed haulage rates from Eastern ports to various destinations in the country.
The rates approved were in consideration of cost moderation and cargo transport issues. The negotiations were harmonious and the rates agreed upon were acceptable by all parties, including freight forwarders and truck owners.
Addressing the meeting in Lagos, the executive secretary and chief executive officer of the Nigerian Shippers’ Council, Barr.… Read the rest