Nigeria has lost a whooping N11 trillion to corruption in the power sector since 1999, a university lecturer, Dr Yemi Oke, said on Wednesday in Lagos.
Key Nigerian agencies have agreed to partner in oil revenue savings and promotion of better attitude to public office.
Chevron Nigeria Limited on Wednesday lauded its team for winning multiple awards at this year’s Nigeria Annual International Conference and Exhibition (NAICE) of the Society of Petroleum Engineers (SPE) in Lagos.
Chevron Nigeria Limited (CNL) said it spent $2.5 billion on local content development in Nigeria’s oil and gas sector, representing 65 per cent of the total Nigerian goods and services expenditures for the year.
The Addax Petroleum Company on Tuesday confirmed the proposed closure of its corporate offices in Geneva, Aberdeen and Houston in the United States of America.
Some Yenagoa residents and business outfits have lauded the Port-Harcourt Electricity Distribution Company (PHEDC), for improved power supply in the area.
The Nigeria’s oil and gas industry would require $10 billion (N3.05 trillion) over the next three years to increase crude oil production from 2.2 million barrels per day (bpd) to 3 million bpd.
The Nigerian National Petroleum Corporation has put the cash call arrears owed oil companies for the development of joint venture assets at $6.6bn (N2.01tn).
Dr. Baru commended the NNPC finance and technical teams for being able to attract the much needed foreign investment at a period when it has become increasingly difficult to attract foreign credit facilities.
The Nigerian National Petroleum Corporation, NNPC, said on Monday the nation’s current crude oil production had risen to 2.35 million barrels per day.
The Minister of State for Petroleum Resources, Emmanuel Ibe Kachikwu, says Nigeria has lost about $60 billion to the non-enforcement of the terms of the Production Sharing Contracts signed between the federal government and the international oil companies.
A lawmaker, Sen. Stella Oduah, has urged Nigeria National Petroleum Corporation to put an adequate metering system in place to enable Nigerians to know the country’s exact daily oil production.
The instability in electricity supply from the national grid has continued to make businesses to look inwards through independent power generation, a new report has said.
The federal government has accused electricity distribution companies (Discos) and the Transmission Company of Nigeria (TCN) of using substandard equipment to execute power projects.
Europe’s 710 top-tier football clubs pulled in a record 20.11 billion euros (£17.63 billion) in revenues between them in the 2017 financial year, according to an annual UEFA report.
The Federal government has painted a complex picture that sustains the herders and farmers clashes, suggesting that the needless bloodletting across sections of the country may persist into the future.
The Peoples Democratic Party (PDP) governorship candidate in Ogun, Buruji Kashamu, says his emergence on INEC’s final list of candidates is a victory for resilience.
The former executive governor of Osun State and pioneer Chairman of the ruling All Progressives Congress (APC), Chief Adebisi Akande has revealed that he never thought he will attain a ripe age of 80.
Tokyo stocks closed lower Thursday, weighed down by a firming yen, but banking shares gained to provide some support for the overall market.
Real Madrid manager Santiago Solari insists that he cannot offer any advice to Isco in how best to deal with a spell out of the first team.
Angel di Maria is positive that Paris Saint-Germain team-mate Kylian Mbappe is a future Ballon d'Or winner, hailing the France international forward as a "phenomenon".
Turkish side Fenerbahce have reportedly made a loan approach for Chelsea’s former Super Eagles forward Victor Moses, according to TRT Spor.
Scientists have developed an AI-enabled tool to screen anxiety and depression among children for internalising disorders early and accurately, a study published on Wednesday in the journal PLOS ONE said.