Nigeria needs stable and uninterrupted power supply to get out of its current economic challenges, an Ilorin-based legal practitioner, Mr. Kehinde Adekunle has said.
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.
Nigerian singer, songwriter and record producer, David Adedeji Adeleke aka Davido, has deposited the sum of $100K (N36million) to purchase customised jewelry for Zlatan Ibile, Skibii and seven other members of his 30BG (30billion gang).
The FCT Minister of State, Dr Ramatu Aliyu, has called on the National Emergency Management Agency (NEMA) to extend relief assistance to the people affected by flood in over 150 communities in Kogi State.
Financial experts on Wednesday attributed rise in inflation rate for the month of September to border closure and the new minimum wage.
The Edo State Commissioner of Police, DanMalam Mohammed, on Wednesday confirmed the death of a police sergeant, Yusuf Igoche, in a gun duel with armed robbers on Lagos-Benin Expressway on Tuesday.
Workers of College of Health Sciences, Ladoke Akintola University of Technology (Lautech), have alleged that the Soun of Ogbomosho, Oba Oyewumi Ajagungbade III, is complicit in the university’s crisis.
The sacked Chairman of the Academic Staff Union of Polytechnic, RUGIPO chapter, Oluwadare Ijawoye, and his Secretary, Ade Arikawe, have described the action of the management as illegal.
France manager Didier Deschamps has urged Chelsea striker Olivier Giroud to quit the Stamford Bridge outfit and find a new club in a bid to retain his place in the national team.
The chairman of Club Owners Association, Barrister Isaac Danladi has described as sacrosanct the November 3 kick-off date for the 2019/2020 Nigeria Professional Football League as announced on Monday by the League Management Company.