Energy

A large fire broke out early Friday at an oil refinery in Philadelphia, rattling the area with at least one booming explosion and lighting up the dark sky with huge balls of gas and flame.

Huge fire breaks out at Philadelphia oil refinery

A huge blaze erupted at a Philadelphia oil refinery early Friday, sending a fireball into the sky and forcing residents to stay off nearby roads, local media and officials said.

Oil rises towards $65 on fears of US attack on Iran

Oil prices rallied towards 65 dollars per barrel on fears of a U.S. military attack on Iran that would disrupt flows from the Middle East, which provides more than 20 per cent of the world’s oil output.

AFCON: Faulty installations will be fixed promptly – EEDC

South-East residents have been assured of prompt repairs of all faulty power installations of the Enugu Electricity Distribution Company (EEDC) in order to guarantee uninterrupted power supply during the 2019 Africa Cup of Nations (AFCON) event.

International bodies appeal to SEC to end feud with Oando

The Securities & Exchange Commission (SEC) and Oando saga is generating commentary from all quarters. There have been appeals for SEC to follow due process in the Oando case from groups as divergent as minority shareholder groups to NGOs to the Institute of Directors and even reputable voices such as Atedo Peterside. The international community has been draweninto the fray with the US–Nigeria Trade Council (UNSC) echoing the same tune, but this time the same message.
Nigerian National Petroleum Corporation (NNPC)

NNPC to resume oil search in Lake Chad Basin

Two years after it halted oil exploration in the Lake Chad Basin due to Boko Haram attack, the Nigerian National Petroleum Corporation (NNPC) says it would resume the search as soon as it received security clearance.

DPR, NSCDC arrest five illegal cooking gas retailers

The Department of Petroleum Resources (DPR) in conjunction with the Nigeria Security and Civil Defence Corps (NSCDC) Thursday arrested five illegal dealers of the Liquified Petroleum Gas (LPG) also known as cooking gas in Abuja.

Official: Why President Buhari removed Maikanti Baru as NNPC chief

The Nigerian National Petroleum Corporation (NNPC) on Thursday threw more light on why President Muhammadu Buhari relieved the present Group Managing Director, Dr. Maikanti Baru, of the responsibility.

CSO urges SEC to review Oando’s sanction

A Civil Society Organisation (CSO), Initiative for Leadership and Economic Watch in Nigeria (ILEWN), has urged the Securities and Exchange Commission (SEC) to review the sanction it placed on Oando Plc to give room for equity and justice.
President Muhammadu Buhari has appointed Mr. Mele Kolo Kyari as the new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC).

Mele Kyari replaces Maikanti Baru as NNPC chief

President Muhammadu Buhari has appointed Mr. Mele Kolo Kyari as the new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC).

President Buhari appoints Mele Kyari as new NNPC GMD

President Muhammadu Buhari has appointed Mr. Mele Kolo Kyari as new Group Managing Director for the Nigerian National Petroleum Corporation.
NSCDC

DPR, NSCDC arrest five illegal cooking gas dealers

The Department of Petroleum Resources (DPR) in conjunction with the Nigeria Security and Civil Defence Corps (NSCDC) on Wednesday arrested five illegal dealers of the Liquified Petroleum Gas (LPG) also known as cooking gas in Abuja.
Femi Otedola

Femi Otedola sells off stake in Forte Oil

Business mogul Femi Otedola has sold off his 75 per cent stake in Forte Oil.

Court adjourns federal government’s $406.7 million debt recovery suit against Shell

A Federal High Court in Lagos on Wednesday adjourned until Sept. 30, for continuation of trial in a debt recovery suit by the Federal Government against Shell Western Supply & Trading Ltd.
NDDC’s Acting Managing Director, Prof. Nelson Brambaifa, stated this when a delegation of Income Electrix and consulting consortia from Germany and Singapore visited him in Port Harcourt yesterday.

NDDC: Why EFCC interrogated our top officials

The Niger Delta Development Commission (NDDC) has admitted that its top officials have been quizzed by Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC).

Shareholders, independent parties put pressure on SEC to follow due process

It is often said that when two elephants fight, the grass suffers. This is proving to be the case between the Securities and Exchange Commission (SEC) and Oando PLC as concerned minority shareholders, who are the aggrieved party in the on-going issue, have seized every opportunity to vehemently air their grievances against the SEC, specifically faulting the recent actions of the regulatory body against Oando PLC.
Bijan Zanganeh

Iran: Europe not cooperating in oil buy

Iran’s Oil Minister Bijan Zanganeh talks to journalists at the beginning of an OPEC meeting in Vienna, Austria December 6, 2018
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has tasked staff of the National Oil Company to bolster their productivity.

Recruitment: NNPC warns against siege on its headquarters

The Nigerian National Petroleum Corporation (NNPC) yesterday decried the blockades of its premises as people living with disabilities stormed headquarters of the corporation in protest of alleged exclusion from recruitment by NNPC.
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, says the country’s daily oil production is currently 2.32million barrel pre day.

NNPC: Nigeria daily oil production hits 2.3 mbpd

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, says the country’s daily oil production is currently 2.32million barrel pre day.

Recent Stories

Governor-elect of Kwara, Alhaji Abdulrahman Abdulrazaq, has pledged that his administration will be accountable to the people and will not steal or loot the state’s treasury.

Governor Abdulrazaq: It’s time to build Kwara for all

Kwara State Governor AbdulRahman AbdulRazaq on Wednesday said he is committed to build a state that works for everyone, irrespective of political differences.
Nigerian Afro-soul superstar, Asa Elemide, has released a new single titled ‘Good Thing’.

Asa releases new album title ‘Good Thing’

Nigerian Afro-soul superstar, Asa Elemide, has released a new single titled ‘Good Thing’.

Bloomberg: General TY Danjuma worth $1.2 billion, owns international hotels

The United States-based financial data media house, Bloomberg, says a former Minister of Defence, Lt.Gen Theophilus Danjuma (retd.), is worth an estimated $1.2bn (N432bn). This is the first time Danjuma’s net worth would be made public.
Michael Jackson

Michael Jackson’s fans sing, sob, leave sunflowers and roses on 10th anniversary of death

With roses crafted into heart shapes and crowns made of bright yellow sunflowers, Michael Jackson fans from as far afield as Iran and Japan, paid tribute on Tuesday to the King of Pop on the 10th anniversary of his death.

HRW: Gambian ex-dictator Yahya Jammeh ‘handpicked’ women for rape

Former Gambian president Yahya Jammeh "handpicked" women whom he would rape or sexually coerce, offering cash, gifts and other privileges in exchange, international rights groups said on Wednesday.