The Nigeria Extractive Industries Transparency Initiative (NEITI) said the oil and gas industry generated over $23billion in 2021. The Executive Secretary of NEITI, Dr Orji Ogbonnaya-Orji said this while presenting highlights on the 2021 Oil and Gas report unveiled on Monday in Abuja. According to Ogbonnaya Orji,...
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The National Security Adviser (NSA), Malam Nuhu Ribadu, says the country is still losing 400,000 barrels of crude oil daily to local and international thieves despite efforts to end the menace. Ribadu confirmed this when he led a presidential delegation to inspect oil and gas facilities at Owaza...
Financial economists are worried about the three billion dollars crude oil repayment loan secured by the Nigerian National Petroleum Corporation Ltd., to prevent the Naira from slumping further. The experts expressed their worry in separate interviews with the News Agency of Nigeria (NAN) on Wednesday in Lagos. ...
A member of the People Democratic Party (PDP), National Presidential Campaign Council, Adetokunbo Pearse, says Nigerians have a right to know the actual landing cost of Premium Motor Spirit (PMS). Dr Pearse, speaking on Channels Television’s Sunrise Daily on Monday stated that a thorough scrutiny should be carried out on...
By SADIQ ABUBAKAR, Maiduguri – Borno State Governor, Banagana Umara Zulum, has approved the release of N80m grant for use by Guwori Islamic Academy, a charity institution that provides education to children mostly from low income families. Zulum announced the approval on Sunday at the graduation ceremony of...
The Nigerian National Petroleum Company Limited (NNPCL) says the Gwagwalada Independent Power Plant (GIPP) project is a giant step toward achieving its gas and power mandate to add five Gigawatts into the National power generation by 2024 Malam Mele Kyari, Group CEO, NNPC Ltd., made this known on Friday...
Group Chief Executive Officer, Nigerian National Petroleum Company Ltd., Malam Mele Kyarsi, says the company will aggressively pursue its gas development and gas transportation projects. N Kyari said this on Monday in Lagos, while delivering a keynote address at the ongoing Society of Petroleum Engineers’ Annual International Conference and...
The Arewa Citizens Watch for Good Governance, (ACWGG), a watchdog group advocating good governance, says it will hold massive protests on Aug. 3 against fuel subsidy removal. The group said the protest was to show dissatisfaction with the leadership of the Group Managing Director of the Nigeria National Petroleum...
High-level sources in NNPC Ltd. have come out in full force, to explain the operations of the company against the backdrop of “blatant misinformation’’ on the activities of the firm. The News Agency of Nigeria (NAN) learnt on Thursday in Abuja that the gesture is aimed at facilitating better...
The Nigerian National Petroleum Company Limited (NNPC Ltd) has restated plans to issue its Initial Public Offer(IPO) to investors very soon. The Group Chief Executive Officer (GCEO) of NNPC Ltd, Mele Kyari said this at the 22nd edition of the 2023 Nigeria Oil and Gas (NOG) Energy conference and...
TANTITA Security Services Ltd. has intercepted MT TURA 11 vessel laden with 150, 000 litres of products suspected to be stolen crude oil with 12 crew on board. Capt. Warredi Enisuoh, Executive Director, Technical and Operations, disclosed this while addressing newsman on the arrest on Monday in Oporoza, Warri...
A vessel conveying 800,000 litres of suspected stolen crude oil has been intercepted by a private security contractor engaged by the Nigerian National Petroleum Company Ltd. (NNPC Ltd). The vessel and its crew members were apprehended on July 7, by operatives of Messrs. Tantita Security Services at an offshore...
The Nigeria-Morocco Gas Pipeline Project has advanced with the signing of four Memoranda of Understanding (MoU) to ensure progress and strategic direction of the 25 billion dollars Trans-Atlantic gas pipeline project. The News Agency of Nigeria (NAN) reports that the four MoUs were signed on Friday in Abuja at...
The Federal Government has issued licences to the NNPC Limited Exploration and Production Ltd. and Belema Sweet Export Terminal Ltd for establishment of crude export terminals. The licences were approved and issued to the companies on Tuesday in Abuja by Mr Farouk Ahmed, Authority Chief Executive (ACE), Nigerian Midstream...
The House of Representatives ad-hoc Committee on the state of refineries in the country, says after spending N11.349 trillion to rehabilitate the nation’s refineries, it discovered duplication of projects and double payments. This is sequel to the report of the Committee, chaired by Rep. Ganiyu Johnson. The report was...
Prof. Tai Balofin, Chairman APC USA, on Sunday in Abuja said Nigerians should trust President Bola Tinubu to work out palliatives to cushion the effect of fuel subsidy removal. He said this while speaking with the News Agency of Nigeria (NAN), adding that the challenges that came with the...
A two-term Lagos lawmaker, Mr Jude Idimogu, has urged Nigerians and labour unions to show understanding with President Bola Tinubu led administration on removal of fuel subsidy. The News Agency of Nigeria (NAN) reports that Tinubu announced the removal of petrol subsidy on May 29 in his inaugural address...
The National Hajj Commission of Nigeria (NAHCON), said it had reached an agreement with the Nigerian National Petroleum Company (NNPC) for availability of ‘Jet A’ fuel for seamless transportation of pilgrims to Saudi Arabia. The Chairman and Chief Executive Officer of NAHCON, Alhaji Zikrullah Hassan, made this known in...
Energy giant, Total Energies in collaboration with the Nigeria National Petroleum Corporation (NNPC) has reiterated their commitment to provide social impact initiatives focused on youth development in the country. This assertion was made at the graduation and close – out ceremony of Adolescent 360 TotalEnergies Health and Economic Empowerment...
I have been sufficiently scandalized in the last few days by the varieties of reactions, seemingly procured or tainted, that have greeted the judgment by Justice Inyang Ekwo of the Federal High Court, Abuja, which reinstated Senator Ifeanyi Godwin Araraume as a non-executive chairman of the Board of the...