News

….orders him to open defence July 3 The Abuja Division of the Federal High Court, on Thursday, held that former Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mr. Andrew Yakubu, has a case to answer…
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President Cyril Ramaphosa of South Africa has reiterated at an investment conference in Johannesburg Wednesday that struggling power utility Eskom would not be privatised, adding it was “too big to fail”. Ramaphosa was delivering his…
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A Ghanaian and 8 Beninoise has been arrested for alleged theft of Petrol Motor Spirit (PMS) along Atlas Cove in Lagos State. Commodore Ibrahim Shettima, Commander of the Nigerian Navy Ship (NNS) BEECROFT, made this known during a…
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-By Yange Ikyaa The Honourable Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, on Tuesday in Abuja received the Managing Director/CEO of Total, Nicholas Terraz, who was accompanied by the Deputy Managing…
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Niger Delta militant group was the then terrorist group that has perturbed the peace of the nation through almost three successive government who has ruled the nation. The militant group was well known for their continuous invasion of…
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Operator Royal Dutch Shell lifted the force majeure in place on exports of major Nigerian grade Bonny Light, as tight global oil supply encourages sellers of Nigerian crude to offer many varieties at all-time high prices. Feeding the…
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Nigeria and other countries will account for 53 per cent of fossil fuel in use by 2040, Seplat Petroleum Development Company Plc Chief Executive Officer, Mr Austin Avuru, has said. Fossil fuel, also known as hydrocarbon fuel is derived…
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Rivers State Governor, Nyesom Ezenwo Wike, has accused the General Officer Commanding (GOC), 6 Division of the Nigerian Army, Major General Jamil Sarhem of running an illegal oil bunkering squad. The governor said the purpose of the…
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The Nigerian National Petroleum Corporation (NNPC) has disclosed that it recorded savings of $1.6 billion from the arbitration between its upstream flagship subsidiary, the Nigerian Petroleum Development Company (NPDC) and the Atlantic…
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The Eko Petrochemical Refinery Ltd., to be built at a cost of $250 million (about N90 billion) will create over 5,000 direct and indirect jobs when completed. The Chairman of the company, Capt. Emmanuel Iheanacho, made this known to the…
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