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The Federal Government on Tuesday sought the approval of the Senate for the issuance of N10.69 billion promissory note for refund on federal projects executed by the Kogi State government.
Senate President Ahmad Lawan has declared the Federal Government would be $1.5billion richer next year following the passage of the Deep Offshore and Inland Basin Production Sharing Contract (PSC) (Amendment) Bill by the Senate.
The Federal Government has said that a target of three million barrels per day of oil production has been set and steps are being taken to realise it before the end of 2023. The Federal Government has said that a target of three million barrels per day of oil production has been set and steps are being taken to realise it before the end of 2023.
Minister for Finance, Budget and National Planning, Mrs. Zainab Ahmed, has said under-recovery of premium motor spirit (PMS), popularly referred to as fuel subsidy, will gulp N450 billion in 2020.
The federal government has vowed to recover over $62 billion it claims as arrears of profits due it from 1998 under the production sharing contracts (PSCs) between the Nigerian National Petroleum Corporation (NNPC) and its joint venture partners.
Dare-devil armed robbers on Saturday attacked Nigerian National Petroleum Corporation (NNPC) mega station in Ilorin, the Kwara state capital.
The National Union of Ogoni Students International USA, Ogoni Lives Matter INTL USA and Movement For The Survival of Ogoni People (MOSOP) USA, have warned Governor Nyesom Wike of Rivers State over his alleged plan to acquire 45% shares of OML 11 from Shell Oil Plc.
The federal government has inaugurated ‘Operation White,’ a critical transparency initiative to be carried out by an 89-man monitoring team for the tracking of movement of petroleum products in and out of the country including importation and distribution.
The Nigerian National Petroleum Corporation (NNPC) has challenged shareholders of the Nigeria Liquefied Natural Gas (NLNG) to work very quickly towards expanding the production capacity of the company beyond Train 7 to take advantage of developments in the global LNG market.
The Nigerian Petroleum Development Company Limited (NPDC), an Upstream Subsidiary of the Nigerian National Petroleum Corporation (NNPC), has reported a fire incident which occurred at Oil Mining Lease (OML) 20 at Egbema-West, Imo State Monday 7th October 2019.
The agreement is “for upstream gas development projects to supply trains 1-6”, Nigerian National Petroleum Corp (NNPC) said on Twitter.
The federal government, through its attorney-General, Abubakar Malami, says it is determined to recover over $62 billion from multi-national oil companies for ‘under-payment’ to the country since 1998.
The All Progressives Congress (APC) Youth Leaders across the 21 Local Government Area Councils in Kogi have signed a peace pact as the governorship election in the state draws close.
Mr Ayodele Ajibola, the Peoples Redemption Party (PRP) candidate in the forthcoming governorship election in Kogi, has dissociated himself from the purported endorsement of Governor Yahaya Bello of the APC for second term.
The Lagos Water Corporation (LWC) has appealed to water consumers in Lagos Island, particularly residents of Onikan and its environs to bear with the corporation as it reassured of regular water supply soon.
Andreas Pereira hopes a Manchester United victory over Liverpool on Sunday will kick start their poor start to the season.
Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) has warned its members in Nasarawa State against deliberate encroachment on farmlands.
A group, Delta Peoples Mandate, DPM, has called on the Nigerian Senate to confirm the appointment of Mr. Bernard Okumagba as the new Managing Director of the Niger Delta Development Commission (NDDC) board.
A painting by the Nigerian artist responsible for the "African Mona Lisa" sold at auction in London on Tuesday for £1.1m (1.3m euros, $1.4m) after the family who owned it googled the signature and realised its importance.
John Nnanyerem Aguiyi Ironsi, son of the former Nigerian Head of State, Aguiyi Ironsi, has died.
The Minister of Information and Culture, Lai Mohammed, on Tuesday, said that the Federal Government does not play politics with the security and welfare of Nigerians.
German second-tier side St Pauli have released Cenk Sahin after the midfielder showed support for Turkey's military operation in Syria on Instagram.