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An Italian court has declared Shell, Eni and their managers all acquitted in the controversial Malabu scandal. They were all acquitted by the court yesterday.

Malabu: Italy probes prosecutors for ‘hiding’ documents

The Italian justice ministry has ordered an inquiry into the conduct of two prosecutors in the long-running OPL245 corruption case involving energy groups Eni and Shell in Nigeria.

Oil unions threaten strike over Chevron’s anti-labour practices

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have threatened to shut down the country’s oil and gas industry over what they claimed as Chevron Nigeria Limited (CNL)’s anti-labour practices.

Senegal readies for first LNG-powered electricity

Senegal is set to be partly powered by liquefied natural gas for the first time with the arrival at the capital, Dakar, on Wednesday of a floating gas facility from Singapore, the West African nation’s state power company, Senelec, said.

Police arrest fake PHED staff for swindling customer

The Port Harcourt Electricity Distribution Company (PHED) says the Police Command in Rivers has arrested a middle-age man, Brian Anucha, for allegedly parading himself as PHED staff defrauding customers.
Ardova Plc, an indigenous energy company, says it has acquired a 100 percent equity stake in Enyo Retail and Supply Holding in a share purchase agreement.

Ardova acquires Enyo retail outlets

Ardova Plc, an indigenous energy company, says it has acquired a 100 percent equity stake in Enyo Retail and Supply Holding in a share purchase agreement.
The Minister of Power, Mr. Sale Mamman, who disclosed this in series of tweets via his official Twitter handle, explained that the Siemens deal would expand Nigeria’s power grid capacity to 25,000 megawatts.

Ministers meet NDPHC, TCN over power supply

The minister of power, Saleh Maman, and his minister of state counterpart, Goddy Agba, have met with major players in the power sector to address the electricity challenge in the country.

NLNG boss: Train 7 project will bring $10 billion foreign investment into Nigeria

The managing director of Nigeria Liquified Natural Gas (NLNG), Anthony Attah, said the Train 7 project will stimulate inflow of about $10 billion foreign direct investment (FDI) into the country.

Shell: We’ve recorded 51 oil leaks in Niger Delta this year

Shell Petroleum Development Company of Nigeria (SPDC) says it has so far recorded 51 leaks from its oil production activities in the Niger Delta in 2021.

EKEDC blames broken poles for power outage in Badagry

The Eko Electricity Distribution Company (EKEDC) has attributed the outage in some communities in Badagry to broken poles along the Badagry Expressway in Oko-Afo.
President Muhammadu Buhari has approved N5.6 billion for the establishment of oxygen production plants in each of the 36 states of the country and the federal capital territory.

President Buhari flags off NLNG Train-7 project in Rivers

President Muhammadu Buhari on Tuesday, flagged off the construction of the Nigeria Liquefied Natural Gas train 7 project, in Bonny, Rivers State.
FILE PHOTO - Oil pours out of a spout from Edwin Drake's original 1859 well that launched the modern petroleum industry at the Drake Well Museum and Park in Titusville, Pennsylvania U.S., October 5, 2017. REUTERS-Brendan McDermid

Oil price exceeds $73 on improving demand outlook

The international price of crude oil continued its rise yesterday, extending three weeks of gains on the back of improving outlook for fuel demand as countries ramp up the lifting of travel restrictions, leading to tightening commodity supply.
OPEC and its oil allies reached agreement Sunday to cut global production by 9.7 million barrels a day starting May 1, to shore up the world price in the face of a significant drop in the demand for oil because of the coronavirus pandemic.

OPEC: Nigeria’s crude oil production hits record low in May

Nigeria’s crude oil production output hit record low levels in May, the June Monthly Oil Market Report (MOMR) of the Organisation of Petroleum Exporting Countries (OPEC), has shown.

NUPENG, PENGASSAN threaten strike over Chevron workers’ sack

The joint executive council of the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) as well as the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has threatened to embark on an industrial action against Chevron Nigeria Limited (CNL) without giving further notice.
Nigeria's national electricity grid collapsed on Sunday, the Transmission Company of Nigeria (TCN) said in a statement. Power outages in Nigeria, the most populous nation in Africa, are common, but a system collapse is unusual.

Expert urges mid-term review of power privatisation

Kunle Olubiyo, President, Nigeria Consumer Protection Network, has urged the Federal Government to conduct a mid-term review of Nigeria’s power privatisation.
The Department of Petroleum Resources (DPR), Osogbo field Office, has sealed 15 Liquefied Petroleum Gas (LPG) skid stations for operating without valid licences.

DPR shuts ‘adulterated’ kerosene outlet in Calabar

The Department of Petroleum Resources (DPR) in Cross River has sealed a retail outlet, Chizioba Ventures, for allegedly selling adulterated kerosene.
Nigerian National Petroleum Corporation (NNPC)

Senate hails NNPC’s drive towards profitability

The senate has commended the Nigerian National Petroleum Corporation (NNPC) for its efforts towards attaining profitability and stamping out corruption from its system.

DPR to open mini gas distribution centres across all local council areas

The Department of Petroleum Resources (DPR) says it is planning to launch liquified natural gas (LNG) micro-distribution centres across the 774 local government areas (LGAs).
The Central Bank of Nigeria (CBN) has revealed that the aggregate domestic credit in commercial banks grew by 7.61 percent in October 2020, compared with 7.35 percent in the previous month.

Official: CBN may launch digital currency end of 2021

The Central Bank of Nigeria (CBN) on Thursday in Lagos said that its digital currency might be launched by the end of 2021.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Nigeria’s central bank to launch digital currency before December

The Central Bank of Nigeria (CBN) has disclosed plan to launch a digital currency before the end of this year.
Nigeria's national electricity grid collapsed on Sunday, the Transmission Company of Nigeria (TCN) said in a statement. Power outages in Nigeria, the most populous nation in Africa, are common, but a system collapse is unusual.

Nigeria to sell ‘unutilised’ power to Togo, Burkina Faso

Sule Abdulaziz, acting managing director of the Transmission Company of Nigeria (TCN) and chairman, executive board of the West African Power Pool (WAPP), made this known at a meeting on Wednesday in Abuja.

Chevron spends $10 billion on Nigerian suppliers, service providers

Chairman/Managing Director, Chevron Nigeria Limited (CNL), Rick Kennedy, said the company has in the last 10 years spent an estimated annual average of $1 billion on Nigerian suppliers and service providers in line with its commitment to Nigerian Content Development.
Aliko Dangote

Dangote Group says refinery project on course for completion by December

The Dangote Group says its 650,000BPD refinery project under construction in Ibeju Lekki, Lagos will be completed by end of December.

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One female student was found dead in the forest by troops tracking the kidnappers, Nigerian army spokesperson Onyema Nwachukwu said in a statement. Those who were rescued were freed after an exchange of fire in the early hours of Friday.

Nigerian troops rescue more FGC Yauri students, staff

Troops of the Nigerian Armed Forces have successfully rescued three more students and one staffer of the Federal Government College, Yauri, Kebbi State.
Phil Foden's performances at international level have been adversely affected by his style of play at Manchester City according to Wayne Rooney, who insists that the England star is not a dribbler.

Euro 2020: Phil Foden hits back at Gareth Southgate’s critics

Phil Foden has defended Gareth Southgate after the England manager was criticised for his side’s spluttering start at Euro 2020.
Manchester United have identified Alexander Isak as an alternative target to Borussia Dortmund striker Erling Haaland this summer, The Star reports.

Chelsea manager Tuchel turning to Sweden’s Alexander Isak

According to AS, Isak is among a number of targets that Chelsea could pursue instead, the 21-year-old who has previously been linked with Arsenal is one of the continent’s most sought-after forwards and has impressed for Sweden at Euro 2020.

Oyo NUJ charges governor, police to arrest killers of journalist

The Nigeria Union of Journalists (NUJ), Oyo State Council, has called on the state government and Police Command to fish out the killers of an Ibadan-based journalist, Titus Badejo.
Kaduna State Governor Nasir El-Rufai has commended the patience and understanding displayed by the Muslim faithful in observing Ramadhan fast and celebrating this year’s Sallah under quarantine conditions.

Kaduna governor visits communities terrorised by bandits, condoles with families

Governor Nasir El-Rufai of Kaduna State on Saturday paid a confidence-building visit to communities affected by bandit attacks around the Kaduna-Abuja highway in Chikun LGA.

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The Minister of Information and Culture, Alhaji Lai Mohammed, who disclosed this at a media briefing on Monday in Lagos, said centres were also built in collaboration with states and the private sector to isolate and treat cases of COVID-19.

Minister: Nigeria committed to entrepreneurship development

Nigeria’s Minister of Information and Culture, Lai Mohammed, on Saturday, said the Nigerian government is committed to the development of entrepreneurship and made-in-Nigeria products.
Nollywood actress Biodun Okeowo has vowed to lay curses on her colleague, Olanrewaju Omiyinka, aka Baba Ijesha if he is found guilty of paedophilia.

Baba Ijesha’s niece says Princess is his ‘scorned seductress’

A relative of embattled Nollywood actor, Olanrewaju Omiyinka, better known as Baba Ijesha, has accused comedienne Princess of trying to seduce the actor many times in the past.
The House of Representatives has postponed the planned security summit scheduled to hold on Monday.

IPC, NGO reject bill seeking to empower NBC to regulate DSTV, Startimes’ tariffs

A bill seeking to regulate tariff of digital satellite service providers was on Wednesday rejected by several participants at the public hearing on the bill.
The Netherlands suffered a terrible blow in losing to Turkey at the start of their World Cup qualifying campaign on Wednesday, coach Frank de Boer said.

Netherlands coach: Barcelona move will give Depay ‘something extra’

Netherlands coach Frank de Boer is hopeful Memphis Depay’s Euro 2020 form will be positively impacted after the confirmation the striker will play for Barcelona next season.
Italy is reintroducing a five-day quarantine on arrivals from Britain after a spike in coronavirus cases there, Health Minister Roberto Speranza announced on Friday.

Italy re-imposes quarantine on arrivals from Britain

Italy is reintroducing a five-day quarantine on arrivals from Britain after a spike in coronavirus cases there, Health Minister Roberto Speranza announced on Friday.