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Enefiok Essein: UNIUYO yet to receive take-off grant after 27 years

The Management of the University of Uyo (UNIUYO), Akwa Ibom State, has expressed concern that 27 years after the institution was taken over by the Federal Government, it has not been given its take-off grant.

Exxon, Chevron, others to join rivals in climate initiatives

Exxon Mobil, Chevron and Occidental Petroleum are joining a group of international oil and gas giants in an initiative aimed at curbing carbon emissions in the sector, two sources familiar with the matter said on Thursday.
Lagos lawyer and human rights activist, Femi Falana

Mobil staff: Femi Falana tasks Minister Ngige on Supreme Court judgement

Human rights lawyer, Mr. Femi Falana, SAN, has urged Minister of Labour and Employment, Dr Chris Ngige, to get Mobil Producing Nigeria Unlimited to obey the Supreme Court judgement and reinstate 860 security staff it sacked for resisting its anti-labour policy of converting them into spy police personnel.

OPL 245: A most popular oil block

The Petroleum Act 1969 (as amended) grants powers to the Ministry of Petroleum, acting through the Department of Petroleum Resources (DPR) to administer the licensing of oil blocks in the country.

Shell profits rise on back of soaring oil prices

Royal Dutch Shell on Thursday reported a 42 percent rise in first-quarter profit, its highest in over three years, boosted by higher oil prices and production.

US oil hurts Nigeria, OPEC in Europe

US oil producers are reaping the benefits of OPEC’s efforts to balance the crude market by flooding Europe with a record amount of crude, hurting traditional suppliers such as Nigeria.

Mozambique holds general election October 2019

Mozambique will hold presidential, parliamentary and provincial elections on October 15, 2019, the presidency said on Wednesday, setting the date for a vote that will proceed the southern African country’s emergence as a major gas exporter.

Southern young leaders vow to mobilise youth for 2019 poll

Young leaders from the southern part of Nigeria have vowed to mobilise the youth for the 2019 general election.

Rex Tillerson bids to ease Turkey tensions in Recep Erdogan talks

US Secretary of State Rex Tillerson arrived in Turkey on Thursday for talks with President Recep Tayyip Erdogan, seeking to ease tensions between the NATO allies that reached new heights over Ankara's ongoing operation inside Syria.

Jagal Group appoints Austin Tam-George as corporate affairs director

Jagal, a leading Nigerian conglomerate that operates energy businesses and manages a diverse portfolio of investments, has appointed Dr. Austin Tam-George as its new Group Corporate Affairs Director.

Niger Delta militants vow resumption of attack on oil facilities

A coalition of Niger Delta agitators has threatened to resume destruction of oil installations and other Federal Government facilities in the region.

HEDA demands details of three oil blocks from Mobil

The Human and Environmental Development Agenda, HEDA, has requested for clarification on the renewal of some oil mining leases in possession of Mobil Producing Nigeria.

PENGASSAN begins nationwide strike

One of Nigeria’s largest oil unions launched a nationwide strike on Monday over the laying off of its workers, its general secretary said.

Oil Price: OPEC to hold crucial meeting Thursday

OPEC is heading for tougher-than-expected policy talks on Thursday amid concern that its efforts to rebalance the oil market might overshoot by creating a global deficit and spurring a further price rally.

Oando releases strong Q3 results with N7.1bn profit

The economic recovery is also evident in the third-quarter results of the financial sector. Access Bank declared N365 billion earnings, a 33% increase from N275 billion in same period in 2016 while FBN Holdings declared N45.8 billion, up by 5.2% from N417.4 billion in Q3 2016 amongst others.

Ibe Kachikwu, Maikanti Baru and the NNPC debacle

In my view, it was an error to have paired the Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Dr Maikanti Baru, with Dr. Ibe Kachikwu.

Recent Stories

Police: At least 19 NGO workers killed in Uganda bus crash

At least 19 staff members of a non-governmental organisation died and six were injured Tuesday when the bus they were travelling in lost control and hurtled off a cliff in eastern Uganda, police said.
At least 30 Nigerian soldiers have been killed in a gun battle with Boko Haram fighters who overran a military base in the country's northeast, according to military sources.

Nigerian soldier killed in latest Boko Haram attack

Boko Haram jihadists killed one soldier and injured another in an attack on a military base in Nigeria's northeast Borno state, the latest attack in the region, military sources said on Tuesday.
United Kingdom airline British Airways will resume direct flights to Pakistan in June, a decade after suspending services to the South Asian nation over security concerns, the carrier has announced.

British Airways to resume flights to Pakistan after a decade

United Kingdom airline British Airways will resume direct flights to Pakistan in June, a decade after suspending services to the South Asian nation over security concerns, the carrier has announced.
Adams Oshiomhole

Adams Oshiomhole: Muhammadu Buhari won’t support factions in Nigerian labour movement

Adams Oshimhole, the National Chairman of the All Progressive Congress (APC), has called for a united labour movement that would confront the challenges bedevilling workers welfare in the country.
Paul Usoro

NBA chief Paul Usoro arraigned over alleged N1.4 billion fraud, gets N250 million bail

Paul Usoro (SAN), the President of the Nigerian Bar Association (NBA), has been arraigned before the Federal High Court, sitting in Ikoyi, Lagos, over N1.4 billion fraud charge.