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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.
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.
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.
There are indications that the House of Representatives is determined to investigate the concession agreement on the new National Carrier, Nigeria Air.
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.
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.
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.
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.
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 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.
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.
The lawmaker representing Rivers East Senatorial District, Senator Magnus Abe, has said the cleanup of Ogoniland is not just about the exercise but a move at ensuring that the $170 million paid into Ogoni Trust Fund is not hijacked by power brokers.
Taliban officials have held three days of talks with the United States' special representative for Afghanistan in Qatar, Zalmay Khalilzad, aimed at renewing the peace process in the war-torn country, an official of the armed group said.
A 15-year-old boy, who hacked his 22-year-old brother to death with a machete has been arrested.
Adams Oshiomhole, National Chairman of the All Progressives Congress (APC), on Monday said primary elections were conducted in Ondo State to choose candidates of the party in the forthcoming general elections.
Tokyo stocks dived more than three percent shortly after the open on Tuesday, with investors discouraged by a plunge in US shares on fears over demand in the tech sector.