Nigeria's Oil & Gas

Nigeria: Lawan, Gbajabiamila vow to break Petroleum Industry Bill jinx and pass it

The leadership of the Nigerian National Assembly said Monday that the ninth Assembly will break the jinx of not being able to pass the Petroleum Industry Bill after several attempts.The President of the Senate, Ahmad Lawan and the Speaker...

Unions suspend planned strike that could have shut down Nigeria

Nigerian labor union on Monday suspended a planned strike action just hours before it was to begin, the labor minister said.Anxiety mounted on Sunday that Africa’s most populous country could shut down on Monday, after more unions pledged...

Nigerian court orders fresh trial of Blue Dolphin Limited over illegal oil bunkering

Justice Philomena Ekpe of the Court of Appeal, Calabar division, Cross Rivers State,   on Tuesday, May 19, 2020  set aside the decision of a Federal High Court sitting in Uyo, Akwa Ibom State, which acquitted Edward Odey Oluohu, Frank...

Femi Adesina: Averting the road to Venezuela

Let’s tell the story of Venezuela, because it bears striking similitude with that of Nigeria.Just like us, Venezuela is rich in oil, very rich. At a time, the county’s problem was not money, but how to spend it. Just...

President Buhari extends tenure of NDDC interim management committee

President Muhammadu Buhari has extended the tenure of the Professor Keme Pondei-led Interim Management Committee of the Niger Delta Development Commission (NDDC) from May 1 to December 31, 2020.The extension is to cover the period of the forensic audit...

Atiku Abubakar writes an opinion article on “how to pull Nigeria from the brink”

On Monday, April 27, 2020, British oil and gas giant, BP, became the latest in a growing number of energy firms to declare a massive quarterly loss. Their loss was in the region of $4.4 billion dollars. Bear in mind that...

Agip Oil disregarded COVID-19 safety measures and put Nigerians at risk, group says

The Nigerian Oil AGIP Company Limited, a multinational oil and gas producing firm, disregarded safety measures and put Nigerian staff at risk, the National Youth Response Group said in a statement received by TODAY NEWS AFRICA in Washington DC...

Nigeria to cut down N10.59 trillion 2020 budget over fall in oil prices

The Nigerian Senate on Tuesday said a cut to the N10.594 trillion budget for 2020 passed by the National Assembly on December 5, 2019, was “inevitable” following the crash in crude oil prices.The resolution was reached sequel to the...

Buhari government to SERAP: We have no record on spending of $5 billion Abacha loot

The Buhari administration has told the Socio-Economic Rights and Accountability Project (SERAP) that it has no records on the exact amount of public funds stolen by a former military head of state, Sani Abacha and no records on...

Falling oil prices: A challenge for Nigeria to look inwards – Lawan

President of the Nigerian Senate, Ahmad Lawan on Wednesday said the global falling price of crude oil should be a challenge for Nigeria to devise other means of growing the nation's economy.Speaking to members of the Council For New...

Latest News

IMF disburses $10 million to Somalia

The Executive Board of the International Monetary Fund (IMF) on Wednesday completed the first review of the Extended Credit...

Atiku: I received the news Nigeria has entered another recession with a “very heavy heart”

It is with a very heavy heart that I received the confirmation that for the second time in five years, Nigeria has entered into...

South African President to G20: Time to double your support for Africa amid a ravaging COVID-19 economic crisis

South Africa's president Cyril Ramaphosa told the G20 leaders during a virtual summit on Saturday that Africa was in need of more help amid...

Ramaphosa to lead South African delegation at virtual G20 leaders’ summit

President Cyril Ramaphosa will lead the South African delegation to the virtual G20 Leaders' Summit between Saturday, November 21, and Sunday, November 22, 2020....

IMF disburses $10 million to Somalia

The Executive Board of the International Monetary Fund (IMF) on Wednesday completed the first review of the Extended Credit Facility (ECF) arrangement for Somalia....
error: Alert: Content is protected !!