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Nigeria has awarded the rights to develop marginal oilfields to 50% of the 161 firms shortlisted after they met all the conditions, the petroleum regulator said on Tuesday.
New revelations have emerged that JPMorgan Chase & Co was warned by its compliance team over the “great risk” of corruption just days before it made the last of three transfers that totaled $875 million to a former Nigerian oil minister, Dan Etete.
Lawmaker representing Yenagoa Constituency 3 in the Bayelsa State House of Assembly, Hon. Teddy Elemefuro, has sued for peace between the Shell Petroleum Development Company (SPDC) and other oil companies and the youth of his constituency over feuds resulting from alleged non-implementation of GMoU in oil host communities of the area.
President Muhammadu Buhari; Minister of State, Petroleum Resources, Chief Timipre Sylva; and the Secretary-General, Organisation of Petroleum Exporting Countries (OPEC), Dr. Sanusi Barkindo, yesterday underscored the need to drive the country’s economic development by tapping Nigeria’s enormous gas resources.
Suspected Islamist insurgents attacked a convoy of fleeing civilians, including foreign workers, as fighting continued on Friday in a northern Mozambique town that is near a number of gas projects, security and diplomatic sources said.
The Federal Government has provisionally awarded tenders to develop 57 of its marginal oilfields, which could net about $500 million in signature bonuses.
Major UK and EU stocks plummeted on Monday to a nearly three-week low amid the new lockdown measures, prompted by the spread of the new mutated COVID-19.
Christian Eriksen is talking and remains “stable” in hospital, the Danish football federation on Sunday confirmed.
Jada Pinkett Smith is celebrating the legacy of rap icon Tupac Shakur on what would have been his 50th birthday with one of his poems she says “you may have never heard before.”
Roma must make a fourth offer for Granit Xhaka if they’re to prise the midfielder away from Arsenal.
Police fired teargas to disperse hundreds of supporters of Ivory Coast’s ousted president Laurent Gbagbo as crowds massed to welcome him home on Thursday from 10 years of exile.
The report had claimed that the apex bank’s target examination of Unity Bank showed that the tier 2 lender is in ”grave financial condition”, with a capital adequacy ratio (CAR) and non-performing loans (NPL) ratio that breached prudential standards.