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Production Sharing Contract
Malabu scandal: AGF Abubakar Malami writes President Buhari over Bello Adoke, Diezani Alison-Madueke, others’...
The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, has written to President Muhammadu Buhari, urging him to back off on his administration’s legal battles against the principal actors in the controversial Malabu Oil deal.
Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, yesterday disclosed that Nigeria lost about $21billion (N7.6 trillion) to International Oil Companies (IOCs) operating in the country as a result of non-implementation of the Production Sharing Contract (PSC) Act of 1993.
Addax Petroleum Development (Nigeria) Limited, which operates Production Sharing Contract (PSC) with the Nigerian National Petroleum Corporation (NNPC) PSC has produced 425 million barrels of crude oil and generated over $7 billion in revenue to the Nigerian government since 2009 when SINOPEC took over the company.
Two suspected cattle rustlers terrorising Eregi Fulani Camp in Katcha Local Government Area of Niger state, have been arrested by the state Police Command.
Brighton have completed the signing of Nigeria international defender Leon Balogun on a free transfer.
Japanese entertainment giant Sony on Tuesday unveiled a $1.9-billion deal to buy industry titan EMI Music Publishing, which has the rights to songs by the likes of Queen and Pharrell Williams.
The EFCC on Tuesday asked the Federal High Court Abuja to proceed with the ongoing trial of a former PDP Spokesman, Olisa Metuh, in his absence.
The General Overseer of Christ Mercyland Deliverance Ministry (CMDM), Prophet Jeremiah Omoto Fufeyin, on Tuesday in Kano prophesied that the 2019 presidential election will be tougher than what was experienced in 2015, calling on Nigerians to earnestly pray for peace and unity in the country.
Arsenal were fined £20,000 ($26,000) by the Football Association on Tuesday for their players’ protests during a 3-1 defeat at Leicester.
Anti-abortion activists won a major victory Friday when President Donald Trump's administration announced plans for a rule that would cut federal funding to hundreds of US clinics providing the service.
Former Nigeria forward Daniel Amokachi has pointed at Nigeria's weak area which needs to be worked on going to the 2018 Fifa World Cup in Russia.
Alhaji Isa Sadiq-Achida, Sokoto State Commissioner for Information, has emerged as the new state Chairman of the All Progressives Congress (APC).
Egyptian President Abdel Fattah al-Sisi said on Wednesday that a "breakthrough" had been reached in talks with Sudan and Ethiopia over a controversial dam the latter is building on the Nile.