News

Royal Dutch Shell Plc and Exxon Mobile Corp. have instituted legal actions against the Nigerian National Petroleum Commission (NNPC) in the United States of America. The oil companies are trying to get US courts to enforce a $1.8…
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An official of Economic and Financial Crimes Commission (EFCC) on Tuesday told FCT High Court Apo, that former Minister of Petroleum Resources, late Dr Rilwanu Lukman signed the controversial Gas Supply Processing Agreement…
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Honourable Minister of State for Petroleum Resiurces, Timipre Sylva has been busy trying to help reach a consensus on oil cut at the ongoing OPEC meetings as well as to promote energy relations. He has so far met privately with several…
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Nigeria will issue a sovereign guarantee to back the bulk of a gas pipeline that is a core part of the government’s energy strategy, Finance Minister Zainab Ahmed said on Wednesday.The Ajaokuta-Kaduna-Kano natural gas pipeline aims to…
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-By Saidu Abubakar The Ajaokuta-Kaduna-Kano gas pipeline project codenamed AKK meant to move gas to power industries in the northern corridor is scheduled to be inaugurated in the second quarter of this year, the Group Managing…
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The Nasarawa State Governor, Alhaji Abdullahi Sule, today, paid a visit to the Group Managing Director of the NNPC, Mallam Mele Kyari at the latter's office in Abuja. In the governor's entourage was Hon. Abubakar Hassan Nalaraba,…
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-By Saidu Abubakar The Nigerian National Petroleum Corporation, NNPC, today, held its day at the ongoing 41st Kaduna International Trade Fair, attracting sizeable crowd eager to have an insight about the oil company's operations. The…
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A vessel, MT Preye I and her crew of 11 suspected oil thieves, have been handed over by the Nigerian Navy to the Economic and Financial Crimes Commission, EFCC, for investigation and possible prosecution. The vessel and the suspects…
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President Muhammadu Buhari has approved the appointment of Bashir Jamoh as the director-general of the Nigerian Maritime Administration and Safety Agency (NIMASA), TheCable can report. Jamoh will replace Dakuku Peterside who was…
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A green light signaled from OPEC, combined with support from policymakers to back global markets helped crude oil prices find a floor, according to analysts at TD Securities brief. WTI trades at $48.15. Key quotes “Saudi Arabia wants…
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