News

The state-of-the-art and deep conversion Parco Coastal Refinery (PCR) valuing $5-6 billion with capacity to refine 250,000 million barrels per day (BPD) crude oil at Hub, Balochistan, will come on stream in 2025-26. The Government of…
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Former Attorney-General of the Federation and Minister of Justice, Mr. Mohammed Bello Adoke (SAN), has urged the High Court of the Federal Capital Territory in Jabi, Abuja, to restrain the police and the Department of State Services,…
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The Economic and Financial Crimes Commission, EFCC Kano zonal office on Friday, June 28, 2019 secured the conviction of a Deputy Director of the Independent National Electoral Commission, INEC, Auwal Jibrin, and one Garba Ismaila,…
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The controversy surrounding the re-opening of facilities of OML 25 in Rivers State continues to rage as the host communities saturday denied agreeing to sign a memorandum of understanding (MoU) with the Shell Petroleum Development Company…
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Detectives from the United Kingdom are currently in Nigeria to gather more evidence in the probe of  Diezani Alison-Madueke, former minister of petroleum resources, who has been standing trial on allegations bordering money laundering. …
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Nigeria is set to export highest volume of crude oil to Europe in June following production outages being experienced by producers in the UK’s North Sea oilfields, according to oil traders. This is coming as the Organisation of…
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The Nigerian National Petroleum Corporation, NNPC, Fiday, said it has maintained its lead as the largest supplier of gas to the nation’s power sector. In a statement in Abuja, Group Managing Director of the NNPC, Dr. Maikanti Baru,…
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No fewer than 14 local, regional and international oil companies that bid for the 2019 Direct Sale of Crude Oil and Direct Purchase (DSDP) contract have emerged successful, PREMIUM TIMES learnt. Although many of the companies…
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Economic activities in Rivers State are set to be on the upswing as Shell operated oil production facility, OML 25 would be reopened two years after it was forcefully shut down by irate community folks in Opu-Kula and Ibiame in…
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Muhammad Sanusi, Emir of Kano has said President Muhammadu Buhari must stop the petroleum subsidy regime in order to rescue our economy from total collapse. Speaking at a workshop at the office of the accountant-general of the…
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