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The government also approved a Put/Call Option Agreement (PCOA), which NBET and the Ministry of Finance agreed with the project’s investors – the Qua Iboe Power Plant Limited (QIPP).
Mobil Producing Nigeria Limited, operator of NNPC and MPN Joint Venture, on Thursday said it had reached commercial terms with Qua Iboe Power Plant Limited for the transfer of ownership of the Qua Iboe power project.
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.
The Nigeria oil industry lost 773,100 barrels per day to production shut-in due to product theft and pipeline vandalism in the month of May, 2017.
Nigerian refineries are still performing poorly as an analysis of the latest monthly oil and gas sector report has shown that their combined performance, with respect to capacity utilisation, has dropped by 44.87 per cent.
Leicester manager Claude Puel admits striker Islam Slimani may have to leave the club this January transfer window to find regular game time.
Suspected Boko Haram fighters have killed at least four soldiers and a civilian in an attack on a military post in Niger’s southeastern Diffa region, local officials and two security sources said on Thursday.
The National Youth Service Corps (NYSC) on Thursday in Abuja urged employers in the private and public sector to send in more requests for the services of corps members.
President Macky Sall on Thursday suspended all authorisations for logging and ordered an overhaul of Senegal's forestry laws after a massacre connected to the illegal trade in timber.
Gov. Simon Lalong of Plateau has charged the reigning Nigeria Professional Football League (NPFL) champions, Plateau United Football Club of Jos, to ensure they retained their title.
The management of the Obafemi Awolowo University, Ile-Ife, have reinstated one out of the four students suspended for protesting poor welfare conditions in October 2017.
The Nasarawa State Government and the Management of Breeze FM, Lafia, have agreed to settle out-of-court, the case on the demolition of the broadcast station in Lafia, by the state government.
The National Agency for the Prohibition of Trafficking in Persons, NAPTIP, has arrested two suspected traffickers among Nigerian repatriated from Libya.
Borussia Dortmund want-away star striker Pierre-Emerick Aubameyang is reportedly close to signing for Premier League side Arsenal -- with the German club in turn hoping to recruit Michy Batshuayi from Chelsea.
The Yobe government on Saturday reunited 29 indigenes of the state repatriated from Libya to Nigeria with their families.