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Shell Petroleum Development Company of Nigeria (SPDC) Joint Venture says it loses about N202 million daily in revenue to activities of criminals in the Niger Delta.
The oil giant, whose operation was grounded by the Securities and Exchange Commission (SEC) when it laid siege to its head office with the police, weathered the storm and recorded a six per cent increase in revenue of N315.4 billion, from N297.3 billion, in comparative period of 2018.
The Department of Petroleum Resources (DPR) has revoked five Oil Mining Licenses (OML) and one Oil Prospecting Licence (OPL) belonging to five companies.
The Nigerian National Petroleum Corporation (NNPC), says it transferred N153.01 billion into the federation account in January.
The year 2019 continues to favor Oando PLC, Nigeria’s leading indigenous energy solutions provider. At the end of March the company published its FYE 2018 results with the announcement of a third consecutive year of profits. The company continues to wax strong posting results for the first quarter of 2019 (Q1
The Nigerian National Petroleum Corporation (NNPC) says that the national average daily crude oil production stood at about 2.019 million barrels in 2018.
Udoma Udo Udoma, the minister of budget and national planning, says the federal government will sell some of its stakes in joint ventures with Shell and Chevron to improve its finances.
Chevron Nigeria Limited (CNL), operator of the CNL and the Nigerian National Petroleum Corporation (NNPC) joint venture, on Wednesday, signed a Gas Sale and Aggregation Agreement (GSAA) with Dangote Fertiliser Limited (DFL) and Gas Aggregation Company of Nigeria Limited (GACN) as the ‘aggregator’.
The Nigeria Extractive Industries Transparency Initiative (NEITI) said that Nigeria lost at least $16 billion in ten years due to non-review of the 1993 Production Sharing Contracts, (PSC), with oil companies.
Zainab Ahmed, Minister of Finance, said on Thursday that the Federal Government will be releasing new revenue initiatives which will include a new set of taxes and excise duties.
The Farmers Day initiative, which has recorded many successes;at the start took a lot of convincing to get the farmers acceptance of the project. Communities had hitherto blamed oil exploration activities for their poor harvest which in truth was as a result of poor farming techniques and seedlings.
The Nigerian National Petroleum Corporation (NNPC) on Wednesday, released its August 2018 operational report, disclosing that crude oil and gas export sale was $470million, indicating a growth of about $78million in relation to July oil and gas export figures of $391.91million.
The Nigerian National Petroleum Corporation (NNPC) has said that crude oil and gas export sale by the corporation in August 2018 was $470million, indicating an upsurge of about $78million in relation to July oil and gas export figures of $391.91million.
Clayson Monyela, spokesman of the Department of International Relations and Cooperation (DIRCO) in South Africa, says Nigeria overreacted to the recent xenophobic attack in the country.
While in the house, the 29-year old won the Innoson vehicle valued at over N3m, and a N220,000 Scanfrost TV.
A Medical Practitioner, Dr Tony Momoh, has advised government to fix dilapidated health infrastructure and provide equipment to make the health sector more functional.
The House of Assembly Elections Petition Tribunal sitting in Ibadan on Sunday upheld the elections of two People’s Democratic Party (PDP) assembly members in Oyo State.
A chieftain of the Peoples Democratic Party, PDP, Femi Fani-Kayode, has revealed the man that can save South Africa at this moment.
“It is understandable to say that the office of the First Lady has nothing to do with the epileptic supply of electricity to students’ environment,” a statement by the NYCN read, “but it would have been wise and safer if she had taken time to address and appease the agitating students.”
For the 187 Nigerians who returned home from South Africa on Wednesday, it is time to thank God for sparing their lives from the jaws of death impelled by xenophobic attacks in the rainbow country
The U.S. Treasury on Friday announced sanctions on three North Korean hacking groups it said were involved in the WannaCry ransomware attacks and hacking of international banks and customer accounts.
Massive jubilation and dancing erupted at Isabo and spread to other parts of Abeokuta, the Ogun State capital, as the Governorship Election Petition Tribunal led by Justice Yusuf Halilu affirmed the victory of Governor Dapo Abiodun in the March 9, gubernatorial election in the state.
Two businessmen in Maiduguri, Mohammed Danladi and Adam Abdulhamid, have been remanded in prison over obtaining by false pretence and issuing a N13 million dud cheque.