The Chinese government has asked Nigeria to settle the legal dispute over the $5.8 billion Mambilla power failing which it would not provide the funds for the project.
Concerned Itsekiri Orere Coastal Communities of Warri North and Warri South-West of Delta State, have raised the alarm over alleged denial of the State of revenue accruable to it by operators of OML 108, Ukpokiti oil field, Express Petroleum and Gas Company Limited and its Technical Partner, Conoco Phillip Energy.
The Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) has called for the urgent intervention of the Federal Ministry of Labour, Nigerian National Petroleum Corporation (NNPC) and the Department of State Services (DSS) to prevail on the management of Nexen Petroleum over what it called ‘unfair labour practices’ on workers in the company.
The Abuja Chamber of Commerce and Industry (ACCI), on Friday said that Nigeria and Russia would sign a Memorandum of Understanding on production of pre-paid meter to bridge the gap that currently exists in the sector.
The Department of Petroleum Resources (DPR) has said that petroleum marketers in Taraba have attained 90 per cent compliance to the petroleum downstream regulations.
The Senate is throwing its full weight behind the 10billion dollars Train seven Project investment in the nation’s gas sector, by the Nigeria Liquefied Natural Gas (NLNG).
The Federal Government yesterday said that the investment requirement for power in the West African sub-region is over $36.4 billion.
The Nigerian National Petroleum Corporation (NNPC), has revealed that it has made adequate preparations for the yuletide saying petroleum products will be in abundance across the nation.
The federal government, through the Nigeria Customs Service, has directed that petroleum products should not be supplied to fuel stations within 20km of the borders.
A world renowned oil engineer, Mr Barth Nwibe, has said that if nothing was done to harmonise the oil sector in Nigeria, the country will loss her rating in oil production in the next 30 Years.
Ogun State Governor, Prince Dapo Abiodun, has stressed the need for the deregulation of the petroleum sector to make fund available for the construction of roads and provision of other basic amenities.
Total is seeking to sell its 12.5 per cent stake in a major deepwater oilfield off the coast of Nigeria, industry and banking sources have said.
The Nigeria Extractive Industries Transparency Initiative (NEITI) on Wednesday revealed that the country in the last 10 years lost $42 billion to crude oil theft.
The Department of Petroleum Resources (DPR) on Tuesday sealed off an MRS filling station in Ilorin, the Kwara capital, for allegedly selling fuel with damaged pumps and under dispensing.
From tapping lenders to selling personal assets, Saudis are scrambling to raise cash to invest in Aramco stocks after the oil giant announced its blockbuster market debut even as it offered few listing details, according to AFP reports.
Former Minister of State for Agriculture and Rural Development, Senator Heineken Lokpobiri, has commended the people of Bayelsa State for changing their destiny by voting the All Progressives Congress (APC) in the Saturday election.
YIAGA AFRICA, a civil society organisation (CSO), says there are indications that the results of the Bayelsa state gubernatorial election were manipulated.
Manchester United’s failure to qualify for the Champions League is beginning to erode the club’s finances, but increased commercial income helped the English giants post revenues of £135.4 million ($174 million) for the first quarter of the 2019-2020 season on Monday.
Justice Bolanle Okikiolu-Ighile of the Lagos High Court, Igbosere on Monday, November 18, granted the application of a Dane, Peter Nielsen, accused of killing his wife and daughter, to revisit the scene of the crime which was sealed off after the incident last year.
Cost of used and new imported vehicles is set to drop if the Ministry of Finance approves the proposal of the Nigeria Customs Service (NCS) which recommended a reduction of the levy from 35% to 5 or 10%.
Speaking to reporters at the Presidential Wing of the Nnamdi Azikiwe International airport Abuja, President Buhari says he intends to work harder and be accountable to Nigerians.
Nigeria has pledged $300,000 (N108,450,000) donation to the unified South Sudan People’s Defence Forces (SSPDF), it was learnt yesterday. The support is towards ending the conflict in South Sudan.
Russia's Embassy to Washington says it has lodged a formal diplomatic protest after Israel extradited a Russian national to the United States, where he is suspected of stealing more than $20 million from U.S. consumers through credit card fraud.
Raheem Sterling has leapt to the defence of Joe Gomez after the Liverpool defender was booed by a number of England supporters on Thursday night.
The All Progressives Congress candidate in the Kogi West senatorial district re-run election, Smart Adeyemi, has defeated Dino Melaye of the Peoples Democratic Party in Ijumu local government.