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Waziri Adio NEITI

NEITI: Oil, mining agencies frustrating national planning, public finance management

The Nigeria Extractive Industries Transparency Initiative, NEITI, yesterday, accused Federal Government’s agencies in the mining and oil and gas industries of frustrating national planning, natural resource governance and public finance management.
Nigerian National Petroleum Corporation (NNPC)

NNPC gets NHIS accreditation to provide medical services to Nigerians

Ongoing efforts by the Nigerian National Petroleum Corporation (NNPC) to provide qualitative healthcare services to Nigerians in all walks of life received a major boost over the weekend with the formal accreditation of the NNPC Health Maintenance Organization (HMO) by the National Health Insurance Scheme (NHIS).
The Executive Vice President of China National Offshore Oil Corporation (CNOOC), Mr. Lu Yan Ji, said the company has invested over $16 billion in Nigeria’s oil industry and described the country’s one of its largest investment destinations.

China pumps $16 billion in Nigeria’s oil industry

The Executive Vice President of China National Offshore Oil Corporation (CNOOC), Mr. Lu Yan Ji, said the company has invested over $16 billion in Nigeria’s oil industry and described the country’s one of its largest investment destinations.
Godwin Obaseki

Edo government commits to reforms in oil, gas sector

The Edo State Commissioner for Minerals, Oil and Gas, Hon. Joseph Ikpea, has assured of reforms that will reposition the ministry for optimal service delivery, suing for support from ministry officials for a successful tenure as commissioner.

Oil drops below $65 on US Fed outlook, ample supply

Oil dropped below $65 a barrel on Thursday, declining for the first time in six days, after the U.S. Federal Reserve dampened hopes for a string of interest rate cuts and as rising U.S. output helped keep the market well supplied.
Patrick Ifeanyi Ubah

Senator Ubah: Task ahead enormous, but surmountable

Senator Ifeanyi Ubah, Young Progressives Party, YPP, yesterday said that the task ahead of the newly announced standing Committees by Senate President, Senator Ahmad Lawan, is enormous.

Oando records six per cent increase in turnover

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.
President of the African Development Bank (AfDB), Dr Akinwunmi Adesina, has said that Nigeria needs to evolve a more effective tariff structure in order to achieve steady electricity supply.

AfDB woos Nigerian investors for DR Congo

The African Development Bank (AfDB) has called for the constriction of an economic bridge to link Nigeria and Democratic Republic of Congo (DRC) to unlock potentials in the two countries for the development of Africa.

Chevron: Ojumole Well 1 fire has been put out

Oil giant, Chevron Nigeria Limited (CNL), operator of Joint Venture (JV) between the NNPC and CNL (NNPC/CNL JV), says the fire that gutted its Ojumole Well No 1 has been put out.

Oil prices jump over two percent as Saudi Arabia, Russia back supply cuts

Oil prices rose more than one dollar a barrel on Monday after Saudi Arabia, Russia and Iraq backed an extension of supply cuts for another six to nine months ahead of an OPEC meeting in Vienna.
US crude oil

Oil prices drop amid demand worries, but US-Iran tensions help

Oil fell on Tuesday amid concerns over the outlook for crude demand, but prices were supported after Washington announced new sanctions on Iran amid mounting tensions in the Middle East.

Oil prices drop amid demand worries

Oil fell on Tuesday amid concerns over the outlook for crude demand, but prices were supported after Washington announced new sanctions on Iran amid mounting tensions in the Middle East, Reuters reported.

Senegal protests over fraudulent oil deals

Oil, one of the world’s biggest source of income as well as trouble. Senegal being the latest country to be afflicted.
Prof. Charles Dokubo, Coordinator Presidential Amnesty Programme

Amnesty programme empowers 2,190, trains 800

Presidential Amnesty Programme (PAP) has empowered 2,187 already trained beneficiaries in small and medium scale business enterprises.The beneficiaries are spread across Rivers, Bayelsa, Delta, Akwa Ibom, Ondo, Edo, Cross River, Abia and Imo states.
Iran's atomic energy agency has said the country plans to quadruple production of low-level enriched uranium and will reach the limit of the stockpile allowed under the nuclear deal within days.

Iran announces next steps to scale back nuclear compliance

Iran's atomic energy agency has said the country plans to quadruple production of low-level enriched uranium and will reach the limit of the stockpile allowed under the nuclear deal within days.

Eid-el-Fitr: Prices of rice, vegetable oil stable in Enugu

Ahead of Eid-el-Fitr celebration, prices of rice and vegetable oil have remained stable in major markets in Enugu metropolis.
President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Francis Olabode Johnson, has passes on.

Petroleum ministry mourns Francis Johnson

The Ministry of Petroleum Resources has expressed deep sympathy with the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on the demise of its president, Mr Francis Olabode Johnson.
In unprecedented scenes in Khartoum, hundreds of workers in suits and ties alongside their neatly dressed women colleagues have gone on strike to protest what they call Sudan’s “total economic collapse”.

Sudanese in suits and ties rally against ousted Omar Bashir’s economic blunders

In unprecedented scenes in Khartoum, hundreds of workers in suits and ties alongside their neatly dressed women colleagues have gone on strike to protest what they call Sudan’s “total economic collapse”.

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Nigerian Stock Exchange NSE

NSE indices record 0.21 percent loss

The Nigerian Stock Exchange (NSE) market indices shed 0.21 per cent due to loses in some blue chips.
The team’s General Manager, Musa Adamu revealed that the team had to wait for the NBBF President, Musa Kida to return from Senegal where he went to cheer the D’Tigress to their fourth African title.

FIBA World Cup: D’Tigers departs for China on loan

The Men’s senior National Basketball Team will tonight leave for China for the final phase of their 2019 FIBA World Cup preparations.
The Federal High Court Abuja, on Monday, refused to grant a request stopping President Muhammadu Buhari from inaugurating the 43 ministerial nominees over the exclusion of an FCT indigene from the cabinet list.

Pass all requests for meetings with me through Abba Kyari – President Buhari tells ministers

President Muhammadu Buhari on Tuesday told incoming ministers that all requests for meetings with him should pass through his chief of staff, Abba Kyari.
Tukur Buratai

COAS: Nigerian Army ready to enhance local capacity in logistics provision

The Chief of Army Staff, Lt.-Gen. Tukur Buratai, has expressed the readiness of Nigerian Army to enhance local capacity in providing logistics for its operations.
Omoyele Sowore

#RevolutionNow: Court refuses to release Omoyele Sowore

A Federal High Court in Lagos has declined to order the release of SaharaReporters publisher, Omoyele Sowore, and other persons in connection with the August 5, #RevolutionNow protest.