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Petroleum ministry to spend N610 million for ‘7 big wins’ implementation

The Ministry of Petroleum Resources has earmarked N610 million for the implementation of the ‘Seven Big Wins’, a programme designed by the Ministry to reform the petroleum industry

How fed govt plans to fund N3.52trn deficit in 2018 budget

The federal government plans to finance the N3.52 trillion deficit in the 2018 budget with revenue from crude oil sales and non-oil sources.

Shell Nigeria lifts force majeure on Bonny Light crude

Shell Petroleum Development Company of Nigeria Limited, a subsidiary of Royal Dutch Shell, has lifted force majeure on the exports of Bonny Light crude oil, one month after it was declared.

NNPC to lift force majeure on Bonny Light in October

Nigerian National Petroleum Corporation, NNPC, plans to lift the force majeure on Nigeria’s Bonny Light crude next month.

Nigeria’s oil production exceeds OPEC’s 1.8mbpd restriction target

Crude oil production freeze is now imminent for Nigeria, as the country’s oil production increased by 138,300 barrels per day (bpd) from the 1.723 million (bpd in July to 1.861million bpd, according to the latest report from the Organisation of the Petroleum Exporting Countries (OPEC).

NNPC stockpiles petrol to sustain price crash

A daily record of operations of the Nigerian National Petroleum Corporation (NNPC) has disclosed the corporation’s plans to sustain the petrol pump price crash it started last week with a healthy build-up of stocks.

Protesters occupy Shell plant in Nigeria

Hundreds of protesters have occupied a Nigerian oil facility owned by Anglo-Dutch oil giant Shell, demanding that a local company take over its operations, a community leader said Saturday.


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Amnesty: Nigerian military alerted before Dapchi abduction

Nigeria’s military was on Tuesday accused of ignoring repeated warnings about the movements of Boko Haram fighters before they kidnapped 110 schoolgirls in the country’s restive northeast.

Nigerian lawyers to earn another $17m from General Abacha’s loot

Nigerian lawyers freshly engaged by the Federal Government to assist with the repatriation of $321 million stolen by Sani Abacha, former military ruler, will be paid $17 million (over N6 billion) for their services.

Okoi Obono-Obla: Senator Ekweremadu’s allegations are childish

President Muhammadu Buhari’s Special Assistant on Prosecution, Okoi Obono-Obla, has denied allegations of theft and defamation raised against him by Deputy Senate President, Ike Ekweremadu.

Ocheme Edoh: El Kanemi Warriors back on track

Scorer of the only goal for El Kanemi Warriors Sunday against FC Ifeanyiubah, Ocheme Edoh, has said his team have clicked into top gear following a less than impressive start to the season.

Ex-French president Nicolas Sarkozy arrested over campaign financing

Former French president Nicolas Sarkozy is being held in police custody over campaign financing, according to reports.

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Rafa Benitez: 40 points enough to secure Premier League safety for Newcastle

Newcastle boss Rafael Benitez believes 40 points will be enough to secure their Premier League status with his side eight points off that target.

JAMB chief seeks establishment of more centers of learning for the deaf

Registrar, Joint Admissions and Matriculation Board (JAMB), Prof. Ishaq Oloyede, has called on the Federal Government to establish more centers of learning for deaf people in the country.

Romelu Lukaku: Some Manchester United players ‘were hiding’ against Sevilla

Romelu Lukaku has said some of his Manchester United teammate "were hiding" after the Champions League round-of-16 second leg defeat to Sevilla because of the disappointment.

Kemi Adeosun: Power purchase agreements still valid

Kemi Adeosun, minister of finance, says the power purchase agreements reached with project developers in the power sector is still valid and not cancelled, as rumoured.

President Buhari arrives in Maiduguri

President Muhammadu Buhari on Wednesday arrived in Maiduguri as part of the nationwide visit to trouble areas in the country.