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Maikanti Baru lauds Saudi Arabia for crude oil output cut

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.

Oil firms, federal government raise $180 million for Ogoni clean-up

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.

PENGASSAN wants NNPC to caution IOCs over anti-labour practice

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.
Yemi Osinbajo

BMO challenges PDP to disprove Yemi Osinbajo’s clarification on debt profile

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.
Maikanti Baru

Maikanti Baru commends NPDC on 100% local content on gas facility

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).
File photo- Construction work at the Dangote refinery and fertiliser site in Lekki Lagos. Company complying with Local Content Act

Dangote refinery partners with NCDMB on local content

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.
Zainab Ahmed

Federal government seeks support of IMF, G24 to tighten noose on tax defaulters

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.

2019: Akwa Ibom governor urges residents to reject APC

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. AFP Photo-Daniel Hayduk

Tanzania’s John Magufuli accuses oil firms of profiteering

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.

Federal government wants Agip to partake in Niger Delta remediation

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.

Communities reject oil firms’ refusal to relocate headquaters to Niger Delta

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.

Acting President Osinbajo intervenes in Total’s $16bn Egina oilfield dispute

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.

Niger Delta leaders, stakeholders decry slow pace of Ogoni cleanup

Tension is beginning to mount in the Niger Delta region over the slow pace of Ogoni cleanup, announced by the Federal Government over two years ago.

Nigeria’s stake in bitcoin drops to N1.51 billion

As the value of Bitcoin tumbles at the cryptocurrency market, Nigerian’s stake in the market declined dropping to N1.51 billion as against N1.733 billion which it was at the beginning of last month.

Niger Delta: HOSTCOM advocates direct participation in oil policies

Niger Delta indigenes, under the auspices of Host Communities of Nigeria Producing Oil and Gas (HOSTCOM), have called for direct integration of oil-bearing communities at every stage of policy formulation and implementation in the oil sector, to avoid frequent tension in the region.
Nigeria Air

House of Reps mulls probe of national carrier concession deal

There are indications that the House of Representatives is determined to investigate the concession agreement on the new National Carrier, Nigeria Air.
Maikanti Baru

Maikanti Baru: NNPC has paid $1 billion cash call debt to IOCs

The total amount of money so far given to International Oil Companies (IOCs) operating in Nigeria by the Nigerian National Petroleum Corporation (NNPC) in repayment for the discounted $5.1 billion cash call debt owed to them has been put at $1 billion.

NCDMB: Oil firms attempting to sabotage local content initiative

Nigerian Content Development Management Board, NCDMB, yesterday, stated that it would not be deterred by the antics of oil and gas companies trying to sabotage local content initiative of the Federal Government.

Recent Stories

Rotimi Amaechi: APC built train stations in PDP chieftains’ villages

The Minister of Transportation, Rotimi Amaechi, on Sunday said that in the course of executing the Warri-Itakpe rail line project, stations were built in the villages of Peoples Democratic Party’s chieftains.

Willie Obiano approves extra-street lights to enhance surveillance

Governor Willie Obiano of Anambra State has approved extra-street lights to beef up security and enhance surveillance in the state as the Yuletide approaches.

Yuletide: DPR assures Nigerians of adequate fuel supply

The Department of Petroleum Resources (DPR) has allayed fears of Nigerians, especially Plateau citizens that there might be scarcity of fuel during the yuletide season.
President Buhari Launches APC Road Map for 2019 Campaign titled NEXT LEVEL in State House on 18th Nov 2018-6

Buhari: Nigerians, let’s move to the Next Level

President Muhammadu Buhari yesterday launched his 2019 electioneering campaign yesterday in a grand style, presenting a document called the ‘Next Level,” of where he wants to take Nigerians.

NAQS warns beans dealers not to use sniper

Dr. Vincent Isegbe, the coordinating director of the Nigeria Agricultural Quarantine Service (NAQS), has warned dealers in beans to desist from using Sniper to store the produce, saying that the chemical is too toxic for human consumption.