News

...Denies any outstanding facilities with bank -By Yange Ikyaa The management of Sahara Energy Resource Limited (Nigeria) has stated that the company has no outstanding facilities with the United Bank for Africa…
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-By Yange Ikyaa The Ibadan Electricity Distribution Company (IBEDC) stated that as part its collaboration with the United States Agency for African Development (USAID) it sponsored the Nigerian Society of Engineers (NSE) Ibadan…
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Nigeria’s oil production increased in March to 1.73 million barrels per day (bpd) despite efforts by Organisation of Petroleum Exporting Countries (OPEC) to hold back output as part of measures to rein in global oversupply and bolster…
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Anti-corruption crusaders have urged the Economic and Financial Crimes’ Commission, EFCC, to seize former Nigerian minister of petroleum, Dan Etete’s $56 million private jets over his connection to the $1.1 billion oil scam deal…
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The Federation Account Allocation Committee (FAAC) disbursed the sum of N619.86bn to the three tiers of government in March 2019. This is revealed in the latest FAAC report released by the National Bureau of Statistics (NBS). The…
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-By Yange Ikyaa The Director of Petroleum Resources DPR, Mr. Mordecai Danteni Baba Ladan has received an award for “Commendable Leadership in the Public Sector” from TEXEM UK. Paul Osu, who is the Head of Public Affairs at DPR…
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The Minister of Finance, Mrs. Zainab Ahmed, has said the Federal Government will look into gradual removal of fuel subsidy as part of strategies to boost revenue. Ahmed said this on Thursday on the sideline of the IMF/World Bank…
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Group Managing Director of the Nigeria National Petroleum Company (NNPC), Dr. Maikanti Baru, yesterday expressed the hope that completion of the ongoing rehabilitation of the nation’s refineries in Port-Harcourt, Kaduna and Warri would…
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The Nigerian government has approved the request to revoke the licences of six Oil Mining Leases (OMLs) and one oil prospecting lease (OPL), in the onshore, shallow water and deepwater Niger Delta basin. The request was made by the…
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The Federal Government has entered into negotiations with Pan Ocean Oil Corporation to resolve the issues surrounding Oil Mining Lease, OML, 98 in the Niger Delta. The source noted that Pan Ocean had agreed to work with the government…
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