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People wait at the entrance hall, on the eve of the UN Climate Change Conference COP25 at the ‘IFEMA – Feria de Madrid’ exhibition centre, in Madrid, on December 1, 2019. – Spain’s Socialist government offered to host this year’s UN climate conference, known as COP25, from December 2 to December 13, 2019, after the event’s original host Chile withdrew last month due to deadly riots over economic inequality. Spanish authorities expect some 25,000 participants and 1,500 journalists from around the world to attend the two-week gathering in Madrid. (Photo by CRISTINA QUICLER / AFP)

COP25: Groups reject carbon markets as climate summit begins

As the 25th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) begins in Madrid the Spanish capital, civil society and grassroots groups have challenged Parties negotiating at the 11-day conference to heed the demands of climate-impacted people around the world to advance real and just solutions to address the climate crisis.

CSO: Ogoniland lost N4 trillion to oil pollution in 60 years

The Founder and President of Ogoni Liberation Initiative (OLI), a civil society group in Nigeria concern with ensuring the restoration of Ogoni polluted environment, Dauglas Fabeke, has said that Ogoniland has suffered an estimated economic loss over N4 trillion due to oil spill in the last 60 years.

‘Vandals’ rupture Shell pipeline in Rivers

The fear of explosion has gripped residents of Eneka Community in Obio-Akpor local government area of Rivers State because of the ruptured petroleum products high-pressure pipeline belonging to Shell Petroleum Development Company, SPDC, which was gushing out products on Friday.
The African Development Bank, AfDB, says it has approved a 70 million dollar loan for a road project in Ebonyi. The bank said on its website on Friday that it would provide $40 million, while its co-financier, the Africa Growing Together Fund (AGTF), would contribute $30 million for the project.

LNG: AfDB supports Mozambique with $400 million

The Board of Directors of the African Development Bank Group on Thursday approved a long-term Senior Loan of $400 million to support the building of an integrated Liquefied Natural Gas (LNG) plant, including a liquefaction facility in Mozambique.

Itse Sagay confirms arrest of former AGF Bello Adoke in Dubai

The Chairman of the Presidential Advisory Committee against Corruption (PACAC), Prof. Itse Sagay, has confirmed the arrest of former Attorney-General of the Federation (AGF) and Minister of Justice, Mr. Mohammed Adoke.

Ex-AGF Adoke’s arrest in Dubai proof anti-graft war working – Itse Sagay

Chairman of the Presidential Advisory Committee against Corruption, Prof. Itse Sagay, has confirmed the arrest of former Attorney-General of the Federation and Minister of Justice, Mr. Mohammed Adoke, by the International Criminal Police in Dubai, United Arab Emirates.

Innoson, Shell sign deal for supply of operational vehicles

Nigeria’s passenger cars and light commercial vehicles manufacturer, Innoson Vehicle Manufacturing Co. Ltd (IVM), has signed a Contract Purchase Agreement with Shell Nigeria Gas Ltd for the production and supply of its vehicles to the latter, “for its official and operational uses.”
Seplat Petroleum Development Company

IOCs, Seplat, others to meet gas needs

International Oil Companies (IOCs), Seplat and other local players in the industry, will soon meet on the need to expand the domestic gas market and further make the product available to thermal plants across the country, it was gathered in Lagos.
The Economic and Financial Crimes Commission (EFCC) on Thursday in an FCT High Court in Maitama, re-arraigned a deputy director with the National Emergency Management Agency (NEMA), Emenike Umesi, for alleged misappropriation of N54.3 million.

Malabu scandal: EFCC to serve former ministers by substituted means

Justice D. Z. Senchi of the Federal Capital Territory High Court, Abuja, on Friday, ordered the Economic and Financial Crimes Commission (EFCC) to serve charges of alleged abuse of office and money laundering in respect of the granting of the Oil Prospecting License, OPL 245, to Shell and ENI, brought against a former Minister of Petroleum, Dan Etete, former Attorney General and Minister of Justice, Mohammed Adoke and others, by substituted means.

Official: Federal government set to recover $62 billion from oil majors

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.
Abubakar Malami

Federal government alleges cheating on oil profits, seeks $62 billion from five firms

The Federal Government says it expects about $62bn from multinational energy conglomerates that include Royal Dutch Shell, ExxonMobil, Chevron, Total and Eni, citing a 2018 Supreme Court ruling it says enables it to review and adjust oil production revenue sharing agreements, Reuters has reported.
A 300 megawatt power plant established by the United Arab Emirate (UAE) is ready for take-off in Lagos, UAE Ambassador to Nigeria, Dr. Fahad Obaid Al Taffad, has said.

UAE builds 300MW renewable energy plant in Lagos

A 300 megawatt power plant established by the United Arab Emirate (UAE) is ready for take-off in Lagos, UAE Ambassador to Nigeria, Dr. Fahad Obaid Al Taffad, has said.

Shell inaugurates 34 projects in Delta communities

The Shell Petroleum Development Company of Nigeria Limited (SPDC) Joint Venture (JV) has appealed to its host communities to continue to create the enabling environment for sustainable business growth.

US drops investigation into Shell over Nigerian oil deal

Royal Dutch Shell said on Wednesday that it had been informed by the U.S. Department of Justice that it had closed its inquiry into Shell over the 2011 $1.3 billion acquisition of a Nigerian offshore oilfield.
President Muhammadu Buhari has appointed Mr. Mele Kolo Kyari as the new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC).

OML 25: $1.7 billion lost to two years closure – NNPC

The Nigerian National Petroleum Corporation (NNPC), says the existing peace in Kula community in Rivers is the best to ensure smooth operation of Oil Mining Lease (OML) 25 flow station.
Rivers State Governor, Nyesom Ezenwo Wike has banned the planned RevolutionNow protest in the state.

River governor calls on oil companies to respect MoU with communities

Rivers State Governor, Nyesom Wike, has called on oil companies to respect the memorandum of understanding (MoU) signed with host communities to ensure peaceful and productive operations.
The Economic and Financial Crimes Commission (EFCC) says an investigation is ongoing on the seized $2.8 million at Akanu Ibiam International Airport, Enugu.

Activist asks court to order EFCC to investigate Shell over alleged non-remittance of N5...

An environmental activist, Mr. Anderson Achilike, on Wednesday prayed the Federal High Court, Abuja to order the Economic and Financial Crimes Commission, (EFCC) to investigate activities of Shell Petroleum Development Company.
Mohammed Abacha, the oldest surviving son of Gen. Abacha, was particularly uncooperative in the loot recovery.

Bello Adoke: How Sani Abacha’s family hid $1 billion loot

The Abacha family thought they had done Nigeria a favour by giving up $1.3 billion but the Goodluck Jonathan administration soon discovered that they still had $1 billion hidden in various accounts in Europe, according to Mohammed Bello Adoke.

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Lagos: Blue rail line to commence operation next year

Lagos State government on Sunday gave an assurance that by December 2020, the Blue Rail Line project will come on stream and will be fully operational in the next two years from Mile 2 to Marina in its aggressive drive to address the transportation problem in the state.
Fulani elders have distanced themselves from Miyetti Allah Kautal Hore president, Alhaji Bello Bodejo, for attacking All Progressives Congress (APC) stalwart Asiwaju Bola Ahmed Tinubu, over 2023 presidency.

Asiwaju Tinubu: We must handover strong, vibrant nation to young Nigerians

National Leader of the All Progressives Congress (APC), Senator Bola Tinubu, has identified the need for all and sundry to be committed to steadying the nation with a view to handing over a vibrant and strengthened nation to young leaders.
The Arewa Consultative Forum, ACF, has condemned any attempt to pay the legislators of the 9th National Assembly a whopping sum of 19.8 billion naira as welcome package.

Arewa CF: Killing of aid workers in Borno is a clear desecration of Islam

The Arewa Consultative Forum (ACF) has described the killing of four aid workers by Boko Haram in Borno State on Saturday as a clear desecration of Islam which preaches sacred inviolability of the individual.
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Ibrahim Gusau to face AFN probe panel Wednesday over corruption allegations

Embattled and suspended president of the Athletics Federation of Nigeria, Shehu Ibrahim Gusau, has been given Wednesday, December 18, 2019, to appear before the panel set up by the federation investigating allegations of financial impropriety, misapplication of funds and breaches of the AFN constitution against him.
The Nigeria women national basketball team, D’Tigress on Sunday defeated hosts Senegal in the final of the FIBA Women’s AfroBasket to win their fourth continental title. - 20

Olympic Qualifiers: D’Tigress coach invites Murjanatu Musa, 13 others

D’Tigress Head Coach Hughley Otis Jr. has named 2019 Nigeria Women’s Premier League MVP Musa Murjanatu in the 14-player roster for the FIBA Women’s Olympic Qualifying Tournament next year.