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Energy management giant, Schneider Electric, has begun distribution of 13,000 meals to underprivileged children and widows across the country with a kick off in Amuwo-Odofin community in Lagos State. Along with the meals, Schneider…
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A team of lawyers at the Nigerian Ministry of Justice has finalised the draft of the long-awaited Petroleum Industry Bill and sent it off to the National Assembly, the country’s bicameral house of legislature. The frame of the document…
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The Bayelsa State Gubernatorial Petition Tribunal has nullified the election of Governor Duoye Diri of Bayelsa State. The tribunal ruling can, however, still be challenged at the appeal court. SOURCE: TheCable
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The newly-appointed Chairman of the Board of Directors of Nigeria LNG Limited formally assumed duty on Sunday, following a ceremony at the Corporate Head Office of the company in Port Harcourt, Rivers State. A statement by Eyono…
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The immediate past Attorney-General of the Federation, Mr. Mohammed Bello Adoke (SAN) has applied to the Commercial Court of the Property and Business Courts of England and Wales for the redaction of the witness statements of his…
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The Nigerian National Petroleum Corporation (NNPC) is optimistic about the future of a proposed $2.3billion domestic gas market as well as plans to rehabilitate the country's refineries. NNPC Group General Manager, Corporate Planning and…
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Statistician-General, NBS, Yemi Kale during a virtual meeting on Friday, revealed that gross oil and gas revenue was projected at N9.3 trillion in 2019 however, only N4.6 trillion was realised. “Indeed, there has been signs that in the…
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The world’s five largest oil production companies collectively cut the value of their assets by nearly $50 billion in the second quarter, and slashed production rates as the COVID-19 pandemic caused a drastic fall in fuel prices and…
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The increasing flow of the United States crude into Europe is threatening to displace the region’s traditional light, sweet crudes, forcing sellers of Nigerian and Mediterranean crudes to discount September-loading cargoes. S&P…
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Shell Petroleum Development Company (SPDC) has appealed the asset sale judgement against it. The company said it is very disappointed that the Rivers State High Court affirmed the enforcement of the purported sale of interests in SPDC’s…
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