Home Topics Bonny Light

Bonny Light

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.

Recent Stories

Park Geun Hye

South Korea’s ex-president gets another 8 years in prison

A South Korean court on Friday sentenced impeached former President Park Geun Hye to a total of eight years in prison on top of the 24 years she already faces, in a verdict that found her guilty of accepting slush funds from the nation’s intelligence agency and interfering in an election.
Picture of a person having a CT scan

Study: CT scan increases risk of brain tumour

Computed tomography (CT) or computerised axial tomography (CAT) scan may increase the risk of brain tumour, a research has found.
Nigeria Governors Forum (NGF)

FAAC: Governors give conditions for resumption of revenue sharing

Governors of the 36 states have said the resumption of the sharing of revenue by the Federal, States and Local Governments by the Federation Accounts Allocation Committee meetings will only resume when the Nigerian National Petroleum Corporation remits what is due to government coffers.
President Buhari presides over Federal Executive Council (FEC) Meeting in State House on 4th July 2018

President Buhari uged to probe alleged monetary inducement in Ekiti election

Civil Liberties Organization (CLO) in Anambra State has urged President Muhammadu Buhari to probe the alleged massive monetary inducement of voters by political parties, especially the All Progressives Congress (APC) and Peoples Democratic Party (PDP) during the last Saturday’s Ekiti State governorship election.

Governor Ortom’s planned exit not threat to APC – chieftain

Biodun Salami, the assistant publicity secretary of Lagos State chapter of the All Progressives Congress (APC), has said that the exit of the Benue State governor, Mr. Samuel Ortom, was not a threat to the party.