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The price of Bonny Light, Nigeria’s Bonny Light, has bounced back to $40 per barrel, as the Organisation of Petroleum Exporting Countries, OPEC and the Gas Exporting Countries Forum, GECF, have ended a successful engagement over the oil market.
The Federal Government has faulted former Vice President Atiku Abubakar’s comment on the debt profile of the nation saying his comments were based “on scaremongering anchored on a false premise.”
The Northern Governors’ Forum said it is shocked and devastated over the death of former Group Managing Director of Nigeria National Petroleum Corporation (NNPC), Dr Maikanti Kachalla Baru.
Pan-Niger Delta Forum, PANDEF, the mouthpiece of traditional rulers, leaders and stakeholders of the coastal states of Niger Delta, Friday, warned the Nigeria National Petroleum Corporation, NNPC, which has allegedly sidelined South-South, South-West and South-East from its top management positions, to stop insulting the people of the oil/gas-rich region.
The global oil market remains dull as 50 unsold cargoes of Nigeria’s Bonny Light await buyers, indicating that the volatile market is still flooded with unsold stocks.
Seplat Petroleum Development Company Plc remains a resilient business with strong balance sheet to acquire more oil and gas assets and ensure sustainable growths and returns to shareholders.
The Nigerian National Petroleum Corporation (NNPC) has explained the parametres for employment as well as career progression in the corporation, using the recently concluded Graduate Trainee employment process as well as top Management promotion exercise executed by the corporation as an illustration.
The Senate has commenced amendment of the Nigerian Oil and Gas Industry Content Development Act 2010, following the consideration of a bill seeking to boost local content and strengthen the nation’s economy.
As the battle against COVID-19 rages, the Minister of Federal Capital Territory Administration (FCT), Mr Muhammad Musa Bello, has commended the leadership of the Nigerian National Petroleum Corporation (NNPC) for rallying the oil and gas industry to support the nation to defeat the pestilence.
States that have not benefited from medical facilities and infrastructure support from the Nigerian National Petroleum Corporation (NNPC) and her partners in the ongoing intervention initiative have no cause to worry.
Nigeria’s economy is projected to contract by 3.4%, government officials said on Tuesday, as dwindling oil revenues and the new coronavirus forced the country to cut budget plans for a second time to assume a lower petroleum price of $20 per barrel.
The federal government should provide a detailed framework for its decisions to end fuel subsidy in the country and the planned oil and gas licensing round, civil society groups advocating for the reform of the country’s oil and gas industry have demanded.
The oil and gas industry in Nigeria weekend embarked on the third phase of its intervention in the fight against the Covid-19 pandemic, with the takeoff of an infectious diseases centre in Bayelsa to serve the entire Niger Delta region.
The Nigerian Content Development and Monitoring Board (NCDMB) has advised companies handling trainings in the Nigerian oil and gas industry to reposition themselves.
The Trade Union Congress of Nigeria (TUC) has called on governments at all levels, employers and workers to collaborate in reorganising the economy to avoid a looming recession.
Following the crash in global oil prices occasioned by the coronavirus pandemic, indigenous Petroleum Explorationists have called for urgent intervention of the Central Bank of Nigeria, CBN, as they would be unable to meet their financial exposure to commercial banks at the current oil prices.
The Presidency has ordered all law enforcement officials in the states to allow the movement of essential goods to be seamless in line with President Muhammadu Buhari’s directive that essential commodities such as food can be transported despite the movement ban.
The United Arab Emirates authorities paid for the flight tickets and coronavirus testing for some Nigerians evacuated from the country on Wednesday, the head of the Nigeria in Diaspora Commission, Abike Dabiri-Erewa, has said .
The Peoples Democratic Party has demanded the prosecution of the suspended Acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, over alleged fraud.
He said: “I believe that a lot of people go into marriage without being prepared to make the necessary sacrifice, so at the slightest provocation, they are ready to opt out and that is not the way it’s supposed to be. It’s supposed to be a union for life. For better for worse.”
The Abuja Division of the Federal High Court, on Wednesday, declined a request by former governor of Imo State, Rochas Okorocha, for an interim injunction to stop the Economic and Financial Crimes Commission, EFCC, and panel of inquiry that was set up by the state government, from further investigating alleged financial infractions he committed while in office.
This was announced by the Minister of Education, Adamu Adamu, while speaking to State House Correspondents the weekly Federal Executive Council presided over by President Muhammadu Buhari on Wednesday.
Former Police Public Relations Officer of Lagos, CSP, Dolapo Opeyemi Badmus has enlightened Nigerians on easy ways to identify a fraudster to avoid falling victim of their scams.
An apostle, Joseph Alhassan, of Faith Agape Church, Narayi Kaduna, Kaduna State, has been arrested for allegedly raping a 16-year-old girl for the past five years.
The All Progressives Congress has appointed former Interim National Secretary of the party, Alhaji Tijjani Tumsa, to chair its screening committee for the Ondo State Governorship Primary.
The Federal government yesterday warned top government officials and Very Important Persons, VIPs, not to approach airport terminals with their aides or personal assistants, saying such privileges will no longer be entertained once the operation of domestic flights commences tomorrow.
The Council of the European Union has opened its borders to 15 countries, excluding Nigeria.