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Federal Ministry of Petroleum Resources

The Minister of Information and Culture, Alhaji Lai Mohammed has assured the international community that President Muhammadu Buhari’s new administration will be more determined in the fight against corruption.

Nigeria hopeful of setting aside N9.6bn judgement debt – minister

The Minister of Information and Culture, Alhaji Lai Mohammed, has expressed optimism that the entire arbitration decisions and judgment debt of N9.6 billion against Nigeria by a UK court over a botched gas contract would be set aside.

UK Judge: Nigeria must pay $200 million to stay execution of $9.6 billion judgment...

Reprieve came the way of Nigeria on Thursday as a UK Commercial Court granted a stay of execution of the $9.6 billion judgment debt made against the country over a botched gas contract.

Nigeria to shift battle over $9.6 billion judgment debt to UK appeal court

The battle between Nigeria and Process and Industrial Developments (P&ID) over the bid to stop the company from attaching the country’s assets to recoup the $9.6 billion arbitral claim it secured last month, is set to shift to the United Kingdom Appeal Court.

P&ID: Protesters want British court ruling against Nigeria reversed

Dozens of protesters, on Tuesday, in Abuja expressed their dissaproval over the $8.9 billion arbitral award granted against Nigeria by a U.K court over a botched gas deal with a foreign firm, P&ID.
The Minister of State for Petroleum Resources, Timipre Sylva, says Nigeria must bring down the cost of production of its crude oil as the country is currently a laughing stock in the way it runs business in the oil and gas sector.

Nigeria a laughing stock in oil business – minister

The Minister of State for Petroleum Resources, Timipre Sylva, says Nigeria must bring down the cost of production of its crude oil as the country is currently a laughing stock in the way it runs business in the oil and gas sector.

$9.6 billion judgment debts: Federal government links contract to ex-president’s administration

The Federal Government has linked the contract which led to a judgement debt of $9.6billion (N3.5trillion) to the administration of ex-President Goodluck Jonathan.
Amy Jadesimi

LADOL’s boss Amy Jadesimi wins FIN Leading Women Award 2019

In recognition of a sterling performance in the oil and gas servicing industry, Managing Director of Lagos Deep Offshore Logistic Base (LADOL), Amy Jadesimi, has been named the oil and gas leading woman.

Niger Delta oil communities demand direct payment of gas flare penalty

The National Executive Council of the Host Communities of Nigeria (HOSCON), a Niger Delta group representing oil-producing areas, has urged the federal government to begin the payment of gas flare penalties directly to the affected communities.

Federal government spends N11.52 billion to fix 87km oil pipeline

Federal Government’s oil revenues slashed by N11.52 billion used for the protection and repairs of 87-kilometre Trans Forcados crude oil pipeline in the Niger Delta in 60 days, document shows
Hamman Tukur

Ex-RMAFC chief Hamman Tukur passes on

The former Chairman of Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC), Hamman Tukur, who introduced monetisation policy died in Kaduna on Saturday and has been buried according to Islamic rites.
Nigerian National Petroleum Corporation (NNPC)

NNPC urges NUPENGASSAN to halt planned strike action

The Group Managing Director, of Nigerian National Petroleum Corporation, Dr Maikanti Baru, has urged oil workers to halt their planned strike over a labour dispute involving Chevron Nigeria Limited management and the staff.

Oil and gas workers threaten strike over alleged Chevron’s anti-labour practices

Oil and gas workers unions are threatening industrial action over alleged plans by the management of Chevron to circumvent labour contract guidelines to sack thousands of its workers.

NUPENGASSAN accuses Chevron of unilaterally sacking contract workers

The national leadership of Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and Petroleum and Natural Gas Senior Association (PENGASSAN) on Thursday accused Chevron Nigeria’s management of unilaterally sacking thousands of contract workers in defiance of established labour laws.

Niger government approves N145 million to determine quantity of crude oil deposit

The Niger Government on Thursday said that it had approved N145 million for a consultation into determining the quantity of hydro-carbon (crude oil) deposit in the state.

Ibe Kachikwu: Petrol subsidy rises to N1.4 trillion in a month

The federal government says its annual expenditure on fuel subsidy has risen to over N1.4 trillion.

PTDF hosts training of govt agencies on OPEC data management

The Petroleum Technology Development Fund (PTDF) said it has completed arrangements to conduct a two-day training for officials in relevant agencies under the Federal Ministry of Petroleum Resources, and other key ministries, departments and agencies (MDA’s) on the completion of OPEC Annual Questionnaire for member countries.

Federal govt reviews petrol pricing template, insists on N145 per litre

The Federal Government on Friday said it had commenced a review of the pricing template for Premium Motor Spirit, popularly known as petrol. It noted, however, that the price of the product would remain unchanged.

Petrol crisis: Marketers agree to N145 per litre, beg federal govt for incentives

Oil marketers on Wednesday agreed with the Federal Government to allow the pump price of petrol to remain at N145 per litre, reversing their previous stance on the pricing of the commodity.

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Kim You-geun, a national security official at South Korea’s presidential Blue House, speaks during a press briefing on the General Security of Military Agreement (GSOMIA) between South Korea and Japan at the presidential Blue House in Seoul on November 22, 2019. – South Korea will suspend the expiry of a critical military intelligence-sharing agreement with Japan, Seoul said on November 22, just hours before the pact was due to expire as the two US allies row. (Photo by Jung Yeon-je / AFP)

South Korea salvages military pact with Japan at 11th hour

The pact was due to expire at midnight amid a sharp deterioration in ties between the two democracies and market economies that has alarmed Washington as it seeks to curb the threat from nuclear-armed North Korea.

Reps PDP caucus seeks visa bans over Kogi, Bayelsa polls

The Peoples Democratic Party caucus in the House of Representatives led by Kingsley Chinda has condemned the recent elections held in Kogi and Bayelsa States, calling for visa ban and travel restrictions against those involved in the alleged manipulation, distraction and violence recorded during the exercise.

Cardinal Onaiyekan: Citizens giving up on Nigerian project

Emeritus Archbishop of Catholic Diocese of Abuja, Cardinal John Onaiyekan, on Thursday in Enugu lamented the general despair in the country, saying that long delayed and unfulfilled hopes are making people to give up on the viability of the Nigerian project.
Diego Maradona

Diego Maradona announces Gimnasia return – two days after quitting

Argentina legend Diego Maradona said he is to return as manager of Gimnasia y Esgrima La Plata - two days after he quit.

ECB chief tells Europe to ‘innovate and invest’

Christine Lagarde on Friday urged European countries to “innovate and invest” more to support growth at a time of global uncertainty, in her first major policy speech as president of the European Central Bank.