News - oil

NNPC To Reinvogorate Exploratory Activities In Seven Hydrocarbon Basins

3 days ago /
Nation 

The Nigerian National Petroleum Corporation on Thursday said it would reinvigorate exploratory activities in the seven hydrocarbon basins in Nigeria to shore up the nation’s reserve base. NNPC Group Managing Director, Dr Maikanti Baru, disclosed this in Abuja when he received Gov. Ibrahim Geidam of Yobe in a courtesy visit. In a...

Osinbajo Denies Approving NNPC ‘Contracts’

3 days ago /
Nation  Politics 

Vice President, Prof. Yemi Osinbajo, on Thursday said that he only approved two loans for the Nigeria National Petroleum Corporation (NNPC) and not contracts. Osinbajo’s Senior Special Assistant on Media and Publicity, Laolu Akande had earlier said that the Vice President approved contracts for NNPC. Akande said the contracts were approved after...

BREAKING: Osinbajo Admits Approving Oil Contracts For NNPC

4 days ago /
Nation 

The Vice President, Professor Yemi Osinbajo has admitted granting authorisation to the NNPC for two oil contracts worth N640 billion while President Muhammadu Buhari was away on medical leave. Minister of state for Petroleum Resources, Dr. Ibe Kachikwu, had accused the Group Managing Director (GMD) of the NNPC, Dr Maikanti Baru,...

Catalan Crisis Update: Spain’s Prime Minister Asks Catalan Leader To Confirm Independence

4 days ago /
International News 

Spain's Prime Minister Mariano Rajoy says he has asked Catalan leader Carles Puigdemont to confirm whether or not he has declared independence. He said this was necessary before the Spanish government could take other measures. On Tuesday Puigdemont signed a declaration of independence, but halted implementation to allow negotiations. The prime minister said...

Eminem Blasts Donald Trump In Freestyle Rap

5 days ago /
Entertainment 

American rapper, Eminem, savaged Donald Trump as a racist and warned fans not to support the US president as the rap superstar appeared at the BET Hip Hop Awards broadcast Tuesday. Eminem, the top-selling rapper of all time, made a rare and unexpected appearance in a recorded video aired during hip-hop’s...

Zoning Formula: PDP Northern Leaders Restate Commitment

5 days ago /
Politics 

The Peoples Democratic Party northern leaders and elders forum has restated its commitment to the zoning formula adopted by the party, under which the 2019 presidential seat is zoned to the north. The forum restated its position at a meeting held in Abuja, to review the party’s zoning arrangement ahead of...

Part Of The Recovered Looted Fund Is Being Used To Finance 2017 Budget – President Buhari

5 days ago /
Nation 

President Muhammadu Buhari says part of the funds recovered from those who looted the nation's treasury is being used to finance the 2017 budget. In his message to the 2017 annual conference of the association of National Accountants Of Nigeria, ANAN, President Buhari said that Nigeria would not have slided into...

House Of Representatives Summons NNPC Over Revenue Leakages

5 days ago /
Nation 

Nigeria’s House of Representatives ad-hoc committee on investigation of revenue leakages has summoned the Nigeria National Petroleum Corporation, NNPC, and duke oil over non-remittance of revenue generated to the consolidated revenue account. The committee at its sitting on Tuesday said it has discovered that there were leakages from the revenue accruable...

Nigeria Environmental Challenges Threaten Livelihoods

6 days ago /
Environment  Nation 

Environmental challenges in Nigeria are likely to continue to threaten livelihoods if urgent steps are not taken to expand the sensitization of citizens. This indication emerged in Abuja at the screening of a film titled “nowhere to run”. The documentary, nowhere to run, comes at a time Nigeria is faced with severe...

PENGASSAN/NUPENG Speak On Minister/NNPC GMD Squabble

6 days ago /
Nation 

The president of the Petroleum And Natural Gas Senior Staff Association of Nigeria PENGASSAN, Francis Johnson, wants Nigerians to be cautious of their comments on the face off between Nigeria 's minister of state for Petroleum Ibe Kachikwu and the Group Managing director of NNPC Maikanti Baru.   Johnson who stated this...

BREAKING: NNPC Breaks Silence On Kachikwu’s Letter

1 week ago /
Nation 

The Nigerian National Petroleum Corporation (NNPC) has made a release today breaking silence on the recent letter written by the Minister of State for Petroleum, Dr Ibe Kachikwu to President Muhammadu Buhari. The group in the statement signed by the General Manager Public Affairs,  Ndu Ughamadu, states that the law and...

Tinubu Outlines Agenda To Rebuild Nigeria

1 week ago /
Nation 

National Leader of the All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu, has proposed a seven-point agenda, which he said, would revive the country’s troubled economy and drastically reduce her dependence on petro-dollars. Tinubu explained that the development of a national infrastructure plan; the return of commodity exchange boards and the...

Cameroon troops attack separatist rallies

1 week ago /
International News 

Witnesses and rights groups said troops and attack helicopters opened fire on protesters at the height of separatist rallies in English-speaking areas of Cameroon over the weekend, killing and wounding people. The army dismissed the reports from sources in five towns as “completely false” and said helicopters had only been used...

F.G distributes relief materials to disaster victims in Ekiti.

1 week ago /
Nation 

The federal government has commenced the distribution of relief materials to over one thousand victims of natural disasters in Ekiti state, southwest Nigeria. Distributing the materials to some of the victims in Ado Ekiti, the state capital, minster of mines and steel development kayode fayemi said President Muhammdu Buhari was concerned...

BREAKING: Kachikwu Arrives At Presidential Villa To Meet Buhari

1 week ago /
Nation 

The Minister of State for Petroleum, Ibe Kachikwu has arrived at the Presidential Villa, Abuja, the nation’s capital to meet with the President, Muhammadu Buhari. The Minister arrived at the Presidential Villa at about 11:33 am. The meeting follows few days after Dr. Kachikwu was said to have written to President Muhammadu...

Governor Umahi Fumes Over Illegal Allowance Collection

1 week ago /
Nation 

Governor David Umahi of Ebonyi has accused civil servants in the state of illegal collection of leave allowances from 2011 to 2015. He also said that he would report the issue to the Nigeria Labour Congress (NLC) national leadership if the organised labour in the state failed to acknowledge the development...

Nigeria Rakes In N118trn From Crude, Says NBS

1 week ago /
Nation 

The National Bureau of Statistics (NBS) says Nigeria has realised more than N118 trillion from crude production and refining from 1961. The NBS report, which has additional data from the Nigerian National Petroleum Corporation (NNPC), collated its statistics from 1961 till 2014. “The petroleum statistics on crude oil production and oil refining...

Senate To Investigate Allegations Of Corruption In NNPC

1 week ago /
Nation 

The Senate has set up an Ad-Hoc committee to conduct a holistic investigation into allegations of corruption in the Nigeria National Petroleum Corporation (NNPC). The committee will also investigate the issues raised in a memo said to be written by the Minister of State for Petroleum, Ibe Kachikwu. The Chairman of the...

Australia New Anti Terrorism Law

1 week ago /
International News 

Terror suspects could be held for 14 days without charge in Australia under a push by the nation's government. Prime minister, Malcolm Turnbull said the proposal would replace state laws, which specify varying periods of detention. The government also wants to make it illegal to possess terror-related "instructions", such as bomb manuals. Turnbull...

Senate Wades Into Kachikwu, Baru Feud

1 week ago /
Nation 

The senate on Wednesday began investigation into allegations of insubordination and controversial appointments against the group managing director of Nigerian national petroleum corporation (NNPC), Maikanti Baru with the set up of a committee to investigate and report back with immediate effect.  In a leaked letter dated 30th august, 2017, minister of...


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