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Seplat Petroleum Development Company

IOCs, Seplat, others to meet gas needs

International Oil Companies (IOCs), Seplat and other local players in the industry, will soon meet on the need to expand the domestic gas market and further make the product available to thermal plants across the country, it was gathered in Lagos.
Governor Udom Emmanuel

Akwa Ibom government holds summit to tackle rot in education sector

The Akwa Ibom State Government has finally come to terms with the reality about the education sector in the state. The government on Thursday organised a summit to seek expert opinions on how to fix the broken school system.

Ship owners dismiss excuses over lull in eastern ports

Ship Owners Association of Nigeria, SOAN, have said that most of the excuses by maritime authorities on reasons for the lull in business activities at the Eastern ports were not tenable.

DPR sanctions 11 petrol stations in Delta

The Warri Zonal Office of the Department of Petroleum Resources (DPR) has sanctioned 11 petrol stations and two gas plants in Delta in two separate operations.

$1.8 billion underpayment: DPR disowns Mobil’s deal with federal government over three oil blocs’...

The Department of Petroleum Resources has dissociated itself from an alleged Federal Government’s deal with Mobil Producing Nigeria Unlimited (ExxonMobil) clearing the company to pay $665m instead of $2.5bn for the renewal fees for three oil blocs in 2009.

Presidential panel summons NNPC boss over ExxonMobil underpayment

The Special Presidential Investigation Panel for Recovery of Public Property has summoned the Group Managing Director of the Nigerian National Petroleum Corporation, Mr Mele Kyari, over alleged $1.8bn owed the Federal Government by Mobil Producing Nigeria Unlimited (ExxonMobil).

DPR sanctions 33 filling stations in Rivers

No fewer than 33 filling stations in Port Harcourt, Rivers State, have been closed by officials of the Department of Petroleum Resources (DPR) for alleged sharp practices.
Nigerian Stock Exchange NSE

Trading reverses negative mood, indices up 0.29 per cent

The Nigerian Stock Exchange (NSE) on Friday recorded growth with the market capitalisation increasing by N37 billion to change the bearish posture it maintained in the last four days.

Maikanti Baru: NNPC will give full scholarship to late PENGASSAN president’s children

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has assured that two children of the late Union Leader, Mr Francis Johnson, will get full scholarship to study at any level of their choice.

Eket community laments ExxonMobil airstrip abandonment

Residents and indigenes of Eket Local Government Area of Akwa Ibom State have expressed their concern over the alleged abandonment ExxonMobil airstrip by the oil firm.

MTN Nigeria lifts trading on NSE, records 10 percent growth second trading day

MTN Nigeria Communications Plc for the second trading day appreciated by 10 per cent due to high demand for the equity on the Nigerian Stock Exchange (NSE).
Nigerian Stock Exchange NSE

NSE: All-Share Index sustains growth by 0.14 per cent

The All-Share Index of the Nigerian Stock Exchange (NSE) sustained positive growth for the second consecutive day, growing by 0.14 per cent.

Full list: 132 firms bid for NNPC’s crude oil swap

The NNPC, Nigeria’s state owned oil giant, Thursday announced that 132 companies had submitted bids for the 2019 crude for refined products programme tagged Direct Sale, Direct Purchase (DSDP).
Nigerian Stock Exchange NSE

All-Share Index drops marginally by 0.01% in cautious trading

Trading resumed on the nation’s bourse on Tuesday still on a negative trend, declining marginally by 0.01 per cent in a cautious trading.

Top Mobil staff drags company to court, unveils plot to sack Nigerians

Mr Paul Arinze, an official of Mobil Producing Nigeria Unlimited, on Monday, asked a National Industrial Court in Lagos, to suspend a “Special Review Audit” that is probing the affairs of the Public and Government Affairs Department (P&GA) of the company.

Pipeline explosion rocks Abule Egba

Residents of Awori community in Abule Egba area of Lagos State woke up to witness a massive explosion from a Premium Motor Spirit pipeline.

We’re yet to be paid N800 billion subsidy – petrol marketers

Oil marketers on Sunday appealed to the federal government to effect quick payment of their outstanding N800 billion subsidy debts.

Emir Sanusi rates Akwa Ibom as highest investors’ destination

The Emir of Kano, HRH Muhammadu Sanusi II (CON) and Chairman, Qua Iboe Power Project, QIPP, has acknowledged Akwa Ibom as a peaceful state and a safe haven for investors into the country.

Recent Stories

Businessman sent to prison over alleged N42 million fraud

A 42-year old businessman, Joshua Alele Momodu has been ordered remanded at the Ikoyi Correctional Facility, Ikoyi, Lagos pending when he will be able to perfect the bail conditions granted him by an Igbosere Chief Magistrates’ Court for allegedly obtaining the sum of N42 million from the management of Adeeman Nigeria Limited under false preference.

Man bags six months imprisonment for stealing yams

A Dutse Grade 1 Area Court, Abuja on Friday sentenced a 20-year-old man, Aliyu Musa, to six months imprisonment for stealing yams valued at N100,000.
In 2016 while inspecting ongoing projects in the state, Rivers State Governor, Nyesome Wike said his administration had built over 200 roads and bridges in the state.

Governor Wike lobbying to join APC – party leaders

The major stakeholders of the All Progressives Congress (APC) in the 20 wards of Port Harcourt City council area (PHALGA) of Rivers State have accused Governor Nyesom Wike of desperately lobbying to join the APC, since the former Vice-President, Alhaji Atiku Abubakar is not allowing him (Wike) to take over the People’s Democratic Party (PDP).
Enyimba International Football Club of Aba on Sunday booked a spot in the group stage of the CAF Confederation Cup following a 2-1 away win against South African side TS Galaxy.

Enyimba chase consolidation points against Agadir

Confederation Cup campaigners Enyimba have a good chance of pushing closer to the next round as the host Hassania Agadir of Morocco on Sunday.
The Vice President, Prof. Yemi Osinbajo, on Saturday reiterated the commitment of the Federal Government towards free and compulsory education of the first nine years of a child school life across the country.

VP Osinbajo: Finance act will stimulate Nigerian economy

Vice-President Yemi Osinbajo on Saturday asserted that the Finance Act 2020 would stimulate the Nigerian economy and put the country on the path of geometric economic growth.