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 Our Water, Our Right Movement led by the Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) has cautioned Babajide Sanwo-Olu, Lagos governor-elect, from continuing with plans by previous administrations to privatise water.
The Edo Command of the Nigerian Police Force says it has arrested 81 suspects in connection with cult activities in the last 40 days.
Despite loud boasts and expression of confidence, Governor Samuel Ortom and the Peoples Democratic Party (PDP) are bound to lose Saturday’s supplementary election to the All Progressives Congress (APC), Senator George Akume, has declared.
A delegation of serving and Senators elect led by Senate Leader, Ahmed Lawan yesterday paid condolence visit on Senator Aliyu Magatakarda Wamakko in Sokoto state over the death of his younger brother, Alhaji Salihu Barade, the Baraden Wamakko.
Danny Welbeck is back in Arsenal training after suffering a broken ankle in November.
Massimiliano Allegri says there was "nothing strange" in Cristiano Ronaldo's 'cojones' celebration during Juventus' 3-0 win over Atletico Madrid in the Champions League on Tuesday and does not expect the attacker to be punished.
Ryan Giggs says it was too much of a "risk" to play Gareth Bale in Wales' friendly win over Trinidad and Tobago on Wednesday.
Ten students have been killed and several others injured in a cult war at the Federal Polytechnic, Nekede, Imo State.
A suspected member of Eiye confraternity, Leviticus Okon, who was arrested while on his way to kill a rival cult member, has said that the ongoing cult war between Eiye and Aye confraternity in the state is a generational war.
The trio of Taiwo Awoniyi, Samuel Chukwueze, and Kelechi Nwakali have linked up the U-23 Eagles in Tunis ahead of Wednesday’s Africa U-23 Cup of Nations qualifying fixture against Libya.