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IPMAN surveillance team battles product thieves, adulterators in Delta

There’s palpable fear in Delta State as the Eshanekpe Israel, a.k.a Akpodoro-led Sector ‘C’ Command of the Surveillance Team of Independent Petroleum Marketers Association of Nigeria, IPMAN, Delta State battles oil thieves, product adulterators, impostors, who have allegedly established themselves in the oil-rich state.
The Senate President, Ahmad Lawan, has said that for appreciable development to take place in the country, more women must be regarded and enlisted to take up more spaces in governance.

Senate accuses NNPC of payment of N443 billion as subsidy without appropriation

The Senate Committee on Public Accounts has uncovered how the Nigerian National Petroleum Corporation (NNPC) paid N443 billion without appropriation.
The House of Representatives on Tuesday reprimanded the Minister of Foreign Affairs, for the continuing maltreatment of Nigerians in the Diaspora.

House of Reps to probe ‘missing’ 5.2 million barrels of crude oil

The House of Representatives has directed its committee on petroleum to investigate the alleged missing 5.2 million barrels of crude oil allocated to local refineries under the Direct Sales Direct Purchase (DSDP).
OPEC and its oil allies reached agreement Sunday to cut global production by 9.7 million barrels a day starting May 1, to shore up the world price in the face of a significant drop in the demand for oil because of the coronavirus pandemic.

Oil slips on fears over higher OPEC supply, slower China demand

Oil prices slipped, on Tuesday, as expectations that top producers would agree to raise oil supply in a meeting this week weighed on sentiment, already hit by concerns over slowing Chinese demand.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Nigeria’s central bank plans to strengthen Naira, economy through $15 billion Dangote refinery

The Central Bank of Nigeria, CBN, has concluded plans to strengthen the Naira, and by extension the nation’s economy through the $15 billion Dangote Refinery.
Saudi Aramco’s multibillion-dollar share sale, likely the biggest initial public offering (IPO) in history, is officially underway after the company formally announced its plans to list stock on the Kingdom’s stock exchange, the Saudi Tadawul.

Aramco seeks one-year extension on $10 billion loan – sources

Saudi Aramco has asked banks to extend, by a year, a $10 billion loan it raised last May, two sources familiar with the matter said.
The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, said Dangote Refinery would buy Nigeria’s crude oil in Naira and also sell petrol to Nigeria in naira when it commences production.

Dangote refinery to buy Nigerian crude in Naira, sell petrol in Naira

The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, said Dangote Refinery would buy Nigeria’s crude oil in Naira and also sell petrol to Nigeria in naira when it commences production.

CBN governor: Dangote refinery to sell refined crude to Nigerian government in Naira

The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, says arrangement is being made to enable the Dangote Refinery sell refined crude to Nigeria in naira when it commences production.

Court issues criminal summons against Shell, 7 others over ‘oil theft’

A judge of an Upper Area Court in Abuja, Gambo Garba, on Thursday issued a criminal summons against Shell Petroleum Development Company (SPDC) of Nigeria and seven of its top executives over alleged stealing of 16 million barrels of crude oil through the use of a fraudulent and unapproved metering system.
Zainab Ahmed, the minister of finance, budget and national planning, says state and local governments share some of the responsibility to fix roads in Nigeria.

Nigerian government celebrates rising price of crude oil in the global market

The federal government has described as a welcome development, the rising price of crude oil in the global market, saying, “this is a good omen for Nigeria”.
The Senate President, Ahmad Lawan, has said that for appreciable development to take place in the country, more women must be regarded and enlisted to take up more spaces in governance.

Senator Lawan: National Assembly will approve extra-budgetary funds to fight insecurity

The leadership of the National Assembly on Monday gave an assurance that it will approve extra-budgetary request of the Executive for the security agencies to wage a total war on the rising level of insecurity in the country.

Shell says allegations of involvement in ‘oil theft’ misleading

The Shell Petroleum Development Company of Nigeria (SPDC) says allegations of involvement in oil theft at its Bonny Crude Export Terminal is misleading.

DPR urges businessmen invest in oil and gas, instead of indulging in illegal refineries

The Department of Petroleum Resources (DPR) has called on businessmen to invest in the oil and gas industry, instead of indulging in illegal refineries.
Millions of Texans are still without power on Tuesday after a deadly winter storm hit a large part of the southern and central parts of the United States. Nitashia Johnson for The New York Times

Reports: U.S. oil output down record 1/3 as cold wave hits Texas

Total U.S. oil output has contracted by a record one-third, or 3.5 million barrels per day and more, as anomalous low temperatures caused disruptions to well operations in Texas, the country’s largest oil-producing region, according to a watchdog.
Eilat's coral beach reserve extends some 1.2km off the city's coast, protecting reefs that are home to a rich variety of marine life [Menahem Kahana-AFP]

Red Sea coral reefs ‘under threat’ from Israel-UAE oil deal

The agreement to bring Emirati crude oil by tanker to a pipeline in the Red Sea port of Eilat was signed after the two nations normalised ties late last year and should come into force within months.
Aliko Dangote

IMF: Dangote Refinery has potential of bailing Nigeria from economic downturn

The International Monetary Fund, the global financial watchdog, is projecting that Nigeria’s Dangote Refinery would provide an elixir for the country’s economy when it is completed and starts production by 2022.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said that more private and public sector collaboration will be encouraged as Nigeria steps up effort to realise its target of boosting domestic gas utilisation.

Minister: Why another hike in price of petrol is inevitable

The Minister of State for Petroleum Resources, Mr. Timipre Sylva, has asked Nigerians to ready to endure the pain of another hike in the price of premium motor spirit, popularly called petrol, even as the country is also set to benefit from the rise in price of crude oil in the international market.
Nigerian National Petroleum Corporation (NNPC)

NNPC declares N13.43 billion trading surplus for November 2020

The Nigerian National Petroleum Corporation, NNPC, has declared a trading surplus of N13.43billion for November 2020, 54 per cent more than the N8.71billion recorded in October 2020.
FILE PHOTO - Pump jacks operate at sunset in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS-Nick Oxford-File Photo

Saudi Arabia raises oil prices to U.S. and Europe

The world’s top oil exporter, Saudi Arabia, raised on Thursday the prices of all its crude oil that will go to the United States and Europe in March while leaving unchanged the official selling prices of its crude to its key market in Asia.

DPR: It’s practically impossible to steal crude oil offshore

The Department of Petroleum Resources (DPR), yesterday, disclosed that majority of the crude oil theft recorded in the country’s petroleum industry occur in the inland terminals, noting that it is practically impossible to steal crude oil from the offshore terminals.
Opposition presidential challenger Bobi Wine walks to speak to media, after security forces withdrew from outside his home, in Magere, near Kampala, in Uganda, Tuesday, Jan. 26, 2021. (AP Photo-Nicholas Bamulanzeki)

ACJHR condems detention of Ugandan opposition leader Bobi Wine

The human rights group, in a statement, Sunday, in Abuja, by its Executive Director, Chinwendu Nduka Edede, said it was “alarmed by the report of the continued detention of Ugandan opposition leader, Bobi Wine, by the nation’s military and police despite a High Court order declaring his house arrest as illegal.”
A fisherman displays his oil soaked fishing net on the polluted shoreline in Bodo. GEORGE OSODI-BLOOMBERG NEWS

Fishermen hail Dutch court ruling, ask Shell to pay $3.6 billion Bonga oil spill...

Following Friday’s ruling by a Dutch court that found Shell liable of polluting the farmlands of four farmers in the Niger Delta region, Artisanal Fishermen Association of Nigeria (ARFAN) has advised the oil firm to promptly comply with the judgement and compensate the farmers.

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Pep Guardiola said his disappointment at Manchester City’s draw with struggling West Bromwich Albion led to a return to “ABC” principles that sparked the club’s record winning streak.

Pep Guardiola: West Brom draw catalyst for Manchester City’s winning streak

Pep Guardiola said his disappointment at Manchester City’s draw with struggling West Bromwich Albion led to a return to “ABC” principles that sparked the club’s record winning streak.
ActionAid Nigeria (AAN)

ActionAid, ASCAB raise concerns over worsening insecurity

Some civil society groups have raised concerns about spike in criminal activities ranging from armed banditry, abductions and killings, especially in the northern and central parts of the country.
The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr Muhammad Nami, has launched a national tour of the six geo-political zones to sensitise the nation, especially taxpayers, on the 2019 Finance Act.

FIRS targets N5.9 trillion tax, other revenue collection for 2021

Its Chairman, Muhammad Nami, announced the anticipation in Abuja on Thursday while defending the Service’s 2021 budget before the House of Representatives Committee on Finance.
The Delta State Commissioner of Police, CP Ari Muhammed Ali, has disclosed that kidnap suspects who sustained fatal injuries during an exchange of gunfire with a team of Rapid Response Squad, RRS Operatives in Asaba have died.

Delta CP: Two ‘kidnappers’ die after exchange of gunfire with police

The Delta State Commissioner of Police, CP Ari Muhammed Ali, has disclosed that kidnap suspects who sustained fatal injuries during an exchange of gunfire with a team of Rapid Response Squad, RRS Operatives in Asaba have died.

Nigerian national sentenced to death for drug trafficking in Vietnam

A 45-year-old Nigerian has been sentenced to death for trafficking nearly four kilograms of methamphetamine from Cambodia to Vietnam

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House of Representatives has elected to set a limit and timeframe for any person appointed as the Chairman of the Economic and Financial Crimes Commission, EFCC on acting capacity.

House of Reps decries growing number of abandoned projects nationwide

House of Representatives on Wednesday said that the number of abandoned projects in the country was becoming alarming, saying it was inimical to growth and development.
The Judicial Commission of Inquiry set up by Governor Godwin Obaseki to investigate the construction of the Edo Specialist Hospital and supply of equipment has indicted former governor, Adams Oshiomhole.

APC weighs in on Edo governor’s delay in appointing commissioners

The All Progressives Congress (APC) in Edo State on Wednesday decried the delay by Governor Godwin Obaseki to constitute the state executive council more than three months after he was inaugurated for a second term in office.
Bello Matawalle | Bello Matawallen-Maradun

Zamfara governor shuts all boarding schools

“I appeal to the people of the state to remain calm and resist the evil machinations of those who would want to exploit the current situation to achieve political ends. Insha Allah, with our collective resolve, we would emerge out of this situation stronger,” he said.

‘Bandit’ caught with three AK-47 rifles in Niger

An arm-bearing young man suspected to be an armed bandit was on Wednesday caught at Patigi Ferry Port in Niger State based on suspicious behaviour.

House of Reps committee to investigate foreign affairs ministry, calls for public support

The House of Representatives, has called for evidence from the public, to enable it carry out an extensive investigation into alleged malpractices in the Ministry of Foreign Affairs.