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International Oil Companies
Nigeria would continue to operate below 5,000 megawatts (Mw), as long as the Federal Government fails to explore the opportunities for electricity generation, the Chief Executive Officer, Power Cam Nigeria Limited, Mr Biodun Ogunleye, has said.
Gov. Udom Emmanuel of Akwa Ibom state has sued for a more mutually beneficial relationship between ExxonMobil, the host communities and the state government.
Militants and other interest groups in Niger Delta have said that the breakdown of talks between the Federal Government and Pan-Niger Delta Forum, PANDEF, after the regional body successfully prevailed on agitators to cease hostilities in 2016 , was counterproductive and a huge threat to peace in the oil-rich region.
The Federal Government on Friday inaugurated a multi-million naira laboratory in Port Harcourt to detect and analyse samples of oil spillage in the country.
President of the Senate, Ahmad Lawan, on Wednesday assured investors who are willing and ready to invest into the Nigerian economy of adequate protection and support.
President of the Senate, Ahmad Lawan, has said the Ninth National Assembly will do things differently to break the jinx with the passage of the Petroleum Industry Bill (PIB) next year.
The Senate has called on the Interim Management Committee (IMC) of the Niger Delta Development Commission (NDDC) to publish facts, if any, to substantiate their allegations on the payment of N1billion monthly consultancy fee to a company linked to the Chairman of the Senate Committee on the agency, Senator Peter Nwaoboshi.
The Federal Government will on 12th December this year unveil the identities of the true owners of its oil blocks through the beneficial ownership register for the oil and gas industry, the Nigerian Extractive Industries Transparency Initiative (NEITI) has said.
The Acting Managing Director of the Niger Delta Development Commission, NDDC, Dr Gbene Joi Nunieh, says the Commission has suspended the monthly payment of N1 billion to a consultant that collects money from International Oil Companies, IOCs, on its behalf.
A Civil Society Organisation (CSO), the Accountable Leadership For Better Nigeria Initiative, ALBNI, has called on President Muhammadu Buhari to relieve the Minister of State for Petroleum Resources, Timipre Sylva, of his duties over claims by the latter that debt owed the federal government by the International Oil Companies, IOCs, would be difficult to recover legitimately.
Femi Falana, a senior advocate of Nigeria (SAN), has asked the national assembly to work with anti-graft agencies for the recovery of “$103.7 billion lost on oil sale”.
The President of the Senate, Ahmad Lawan, on Monday justified the current move by the Senate to amend the law on Production Sharing Contract in the oil industry.
The federal government has vowed to recover over $62 billion it claims as arrears of profits due it from 1998 under the production sharing contracts (PSCs) between the Nigerian National Petroleum Corporation (NNPC) and its joint venture partners.
The Senate has mandated three of its committees to investigate seven international oil companies over their alleged refusal to remit about $21 billion to the national treasury.
Governor Seriake Dickson of Bayelsa State has inaugurated the Peoples Democratic Party Grassroots Youth Movement (PDP GYM) as part of moves to strengthen the PDP for the November 16 governorship election in the state.
The Federal Government says it has plans to deliver Final Investment Decisions (FIDs) on at least four key projects within the nation’s oil and gas industry by the end of last quarter of 2019.
Neymar has criticised Paris Saint-Germain’s handling of his recent injury after scoring in the 2-1 defeat at Borussia Dortmund, which leaves the French club facing the prospect of another early Champions League exit.
The study suggested other countries – among them Nigeria, Ethiopia, Sudan, Angola, Tanzania, Ghana and Kenya – would all need support with detecting and handling imported cases of the coronavirus.
That lawsuit went to trial in a San Francisco court on Tuesday, and the crux of the case is a 2010 deal between Facebook and an Irish subsidiary it uses to shuffle money around internationally. The IRS alleges Facebook undervalued the intellectual property it sold to the subsidiary, thereby dodging billions in taxes.
Lionel Messi, in an interview with Mundo Deportivo, has spoken publicly for the first time since reports emerged that Barcelona hired PR firm I3 Ventures for their social media channels which were aimed at tarnishing the images of Gerard Piqué, Messi himself and others associated with the club.
The Buhari Media Organisation (BMO), says President Muhammadu Buhari is “fully in charge of critical affairs of government” in the country
The Nigeria Centre for Disease Control said on Saturday that five travellers from China tested negative to Coronavirus also known as COVID19.
The Buhari Media Organisation says the administration of President Muhammadu Buhari will not implement policies that will affect the existence of the poor while raising revenue to fund the nation’s infrastructure projects.
Former Nigeria Professional Football League top scorer Mfon Udoh has revealed that he is adapting to my new American club FC Tulsa in the United Soccer League.
The insurgents raided Kwarangulum and Ntsiha, two remote but volatile communities about five or six kilometres to Chibok on Tuesday night.
Senate President Ahmad Lawan has called on the nation’s heads of security agencies to tighten security at the National Assembly to avert any security breach.