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The federal government has given International Oil Companies (IOCs) operating in Nigeria’s deep offshore and inland basin a 14-day ultimatum to pay all outstanding revenues on Production Sharing Contracts (PSCs).
The Nigerian National Petroleum Corporation (NNPC) yesterday disclosed that it had so far paid $993.7 million of the negotiated $5.1 billion cash call debt it owed International Oil Companies (IOCs) whom it is in joint ventures oil production with.
More than two years after the federal government flagged off the clean-up of the heavily polluted Ogoniland, in the Niger Delta region, leaders from the area have criticised the project implementation as “flawed”.
The new face of the Movement for the Actualisation of Ogoni People (MOSOP) has reiterated its resolve to effectively engage the Federal Government in dialogue for the realisation of its long-pursued self-determination and political equality for the Ogoni people.
A Federal High Court Lagos, on Tuesday, adjourned until Feb.13, 2019, a 69 million dollars suit filed by the Federal Government (FG) of Nigeria, against Chevron Petroleum Nigeria Ltd, seeking to recover oil revenue.
The Federal High Court, Lagos, has adjourned until Feb.13, 2019, a $69 million suit filed by the Federal Government against Chevron Petroleum Nigeria, seeking to recover oil revenue.
The Nigerian National Petroleum Corporation (NNPC), Group Managing Director, Dr. Maikanti Baru, has commended Saudi Arabia’s recent decision to announce daily crude oil production cut by one million barrels per day from December this year.
The Federal Government has revealed that International Oil Companies (IOCs) have made a contribution of $180 million for the Ogoni clean-up exercise which is expected to kick-off in the next two weeks.
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) wants the Nigerian National Petroleum Corporation (NNPC) to caution indigenous operators and International Oil Companies (IOCs) involved in anti-labour practice.
The Buhari Media Organisation (BMO) on Tuesday in Abuja challenged the Peoples Democratic Party (PDP) to disprove Vice President Yemi Osinbajo’s clarification of the country’s past and present debt profile.
The Nigerian National Petroleum Corporation (NNPC) has commended the Nigerian Petroleum Development Company (NPDC), for achieving 100 per cent local content input in the development of Oredo Integrated Gas Handling Facility (IGHF).
The Nigerian Content Development and Monitoring Board (NCDMB) has declared its intention to partner with Dangote Petroleum Refinery and Petrochemical Free Trade Zone Enterprises (DPRP) on the effective implementation of the Local Content Act in the country.
The Minister of Finance, Mrs. Zainab Ahmed, has appealed to the International Monetary Fund (IMF), and the G24 to assist the federal government in identifying the assets of Nigerians overseas and of international companies doing business in the country for proper inventory, for the purpose of effective taxation.
Udom Emmanuel, governor of Akwa Ibom state, has warned residents of the state against voting for the All Progressives Congress (APC) in 2019.
President John Magufuli of Tanzania has accused the international oil and gas companies of seeking huge profits at the expense of the country’s development.
The federal government has solicited the support of Nigeria Agip Oil Company (NAOC) in its current remediation (NAOC) efforts in the Niger Delta region, noting that such activities were hamstrung by paucity of funds.
Communities in the Niger Delta have insisted that international oil companies (IOCs) must relocate their headquarters to the region given the magnitude of their projects and the environmental challenges their operations pose to the people.
It was alleged that the $33 million demand, which is one per cent of the cost of the FPSO, is frustrating the ongoing integration, thus potentially putting the efforts to bring the Egina field on stream by the end of this year in jeopardy.
Ahead of Saturday’s rescheduled elections, the Independent National Electoral Commission (INEC) has been bashed for allegedly substituting trained ad-hoc staff with untrained ones in the Katsina State.
Super Eagles captain John Mikel Obi has been named in the English Championship Team of the Week.
The All Progressives Congress (APC) in Rivers state has written to the Independent National Electoral Commission (INEC) demanding the enlistment of its candidates for the 2019 general elections in view of the ruling of the Court of Appeal and the Supreme Court ordering the stay of execution of the judgement of the Federal High Court in Port Harcourt which disqualified the party from fielding candidates in the election.
Some Nigerian celebrities including Olubankole ‘Banky W’ Wellington, Emeka Ike, Desmond Elliot, Freedom ‘Mr Jollof’ Atsekpoyi and Shina Peller are vying for several elective positions as the 2019 polls close in.
About 56,000 students have demonstrated their desire to become the Cowbellpedia Maths champion, as they participate in the qualifying examination of the 2019 Cowbellpedia Secondary School Mathematics TV Quiz Show, sponsored by Cowbell, the flagship brand of Promasidor Nigeria Limited.
Justice Yusuf Halilu of an Abuja High Court on Tuesday ordered the Economic and Financial Crimes Commission to immediately release detained former Chairman of Skye bank, Tunde Ayeni, from its custody.
The Election Monitor (EM) has said that its track of violent incidences from August 18, 2018 till February 14, 2019 recorded 145 cases of pre-election violence leading to 122 deaths and leaving 256 injured.
Former Ogun State Governor Olusegun Osoba has begged members of the All Progressives Congress (APC) to vote for Governor Ibikunle Amosun and put behind the attacks on the party’s campaign rally in the state
More than 2,000 Pakistani workers languishing in Saudi jails will be released, Pakistan information minister announced on Monday during Saudi Arabian Crown Prince's high-profile visit to Islamabad.
Germany’s current account surplus shrank but remained by far the world’s largest in 2018 due to strong exports, according to data from the Ifo Institute on Tuesday that is likely to renew criticism of Chancellor Angela Merkel’s fiscal policies.