News - oil

FG Approves Take-Off Of Maritime University

6 hours ago /
Education 

Maritime University, Okerenkoko, Delta State, has been granted approval by the National Universities Commission (NUC) to commence undergraduate degree programmes beginning from the 2017/2018 academic session.

Sudan releases more than 80 political prisoners

1 day ago /
International News 

Sudan's government has released more than 80 political prisoners, following a directive from president Omar Al-Bashir.

Nigeria International Petroleum Summit Opens In Abuja

1 day ago /
Nation 

A summit designed to provide sustainable platform for global industry players to come to Africa in the interest of the oil industry opened Monday in Abuja Nigeria’s capital city.

Nigeria Oil And Gas Summit Opens In Abuja

2 days ago /
Business and Economy  

Nigeria international petroleum summit 2018 is on-going, the event which started monday is excepted to create the platform for the world to meet nigeria’s oil and gas industry players. The meeting is between key nigerian political decision-makers, government officials as well as specialists in the industry.   The summit is expected to end...

Senate Orders CEOs Of Foreign Oil Companies To Appear Before It

2 days ago /
Nation 

The Nigerian Senate ad-hoc committee investigating total upstream Nigeria Limited’s $16 billion Egina deep sea project for cost variation and local content elements has issued a one-week ultimatum to the managing directors and chief executive officers of foreign companies involved in the project to appear before it, as representation will not be entertained.

“God Is Not Here”: The Sad Tale Of The Niger Delta

4 days ago /
Nation 

Agitations and militancy in the Niger Delta region have been blamed on years of neglect and failure by successive governments to address squarely the development challenges of the region. This is the view of some concerned Nigerians at a book presentation in Abuja as they lamented the continuous pollution of host...

Oil And Gas Experts Want More Transparency In The Sector

5 days ago /
Nation 

The Nigerian Government has been urged to improve transparency in the oil and gas sector in the management of resources. The call was made at the launch of the 2017 Benchmarking Exercise Report and Policy dialogue targeted at improving governance in the oil and gas sector. The Nigeria Natural Resources Benchmarking Exercise...

FG Moves To Resolve Fuel Scarcity

5 days ago /
Nation 

The Minister of State for Petroleum, Ibe Kachikwu, says the government is working round the clock to ensure the persistent fuel queues disappear from the filling stations across the country.  The Minister said the issue is logistic and the government is working to resolve it. Kachikwu spoke on the Nigerian Investment Promotion...

NNPC Asks Oil Marketers To Make Life Easy For Nigerians

6 days ago /
Nation 

The Nigerian National Petroleum Corporation (NNPC) has called on petroleum products marketers to make life easy for Nigerians.NNPC Group Managing Director, Dr Maikanti Baru, who said this on Wednesday in Abuja, asked the marketers to stick to the N145 per litre approved pump price for petrol.He gave the charge while...

House Of Representatives Accuses Government Of Manipulating Criminal Justice System

1 week ago /

Nigeria’s house of representatives has accused Federal Government of manipulating the criminal justice system by simultaneously prosecuting the code of conduct tribunal chairman Danladi Umar who is also trying the senate president Bukola Saraki.

Government Pledges Improved Support For Military Operations In Lagos

1 week ago /
Nation 

Lagos State Governor, Akinwunmi Ambode,  has promised to support and scale up the operations of the Nigerian Army against kidnapping and armed robbery among other security challenges in the state.The Governor said this on Wednesday when he received the new General Officer Commanding (GOC) 81 Division of the Nigerian Army,...

Irate Youths Protest Death Of Commercial Driver In Benin

2 weeks ago /
Nation 

There was pandemonium at the Igun axis of third east circular road in the Edo State capital, Benin City on Tuesday as youths protested the killing of a commercial driver  allegedly by Police. The angry youths barricaded  Ikpoba slope and other adjoining roads  causing heavy vehicular and human traffic. According to  eye...

PDP Asks Buhari To Protect Lives And Property

2 weeks ago /
Nation 

The Peoples Democratic Party (PDP) national working committee (NWC) and its Governors forum have called on president Muhammadu Buhari to take responsibility of the protection of lives and properties of Nigerians following the recent spate of killings.

PDP States Reject Planned Withdrawal Of $1bn From Excess Crude Account

2 weeks ago /
Politics 

The Peoples Democratic Party (PDP) says it is against the withdrawal of $1 billion from the Excess Crude Oil account by the Federal Government to tackle insecurity. The PDP is of the view that local governments are vehemently opposed to the unilateral withdrawal of the said amount under any guise. A statement...

Cross River, Equatorial Guinea Partner On Trade And Commerce

2 weeks ago /
Business and Economy  

Cross river state government has expressed it's readiness to partner with neighbouring Equatorial Guinea on trade and commerce to improve the relationship between the state and it's neighbour.

More Crocodile Smile, Python Dance Coming–Buratai

2 weeks ago /
Nation 

The Nigerian Army will conduct more exercises in 2018 to assist civil authorities to deal with internal security challenges in parts of the country. This statement was made by the Chief of Army Staff, Lt.-Gen. Tukur Buratai, on Friday. Speaking with newsmen after leading troops on a 15km Route March, Buratai said...

House Of Representatives Divided Over Deduction Of 13% Derivation Fund From $1 Billion Insurgency Fund

2 weeks ago /
Nation 

Members of the House of Representatives were divided on Thursday over a motion to ensure that thirteen percent derivation fund is deducted from the one billion dollars approved to fight Boko Haram insurgency.

FG Denies Subsidizing Petroleum Products

2 weeks ago /
Nation 

Nigeria's minister of Finance Kemi Adeosun has denied reports that the federal government is still subsidizing petroleum products, admitting that the Nigerian national petroleum corporation is importing refined products at a loss.

Fuel Subsidy: NNPC Draws N4.95 Trillion

3 weeks ago /
Nation 

Nigeria's state owned Oil Company, Nigerian National Petroleum Corporation {NNPC} has admitted it received a total of n4.95 trillion as fuel subsidy payment between 2006 and 2015.

FG Owes NNPC N170.6 Billion

3 weeks ago /
Nation 

The Nigerian National Petroleum Corporation (NNPC) has revealed that  the Nigerian federation is indebted to the corporation to the tune of n170.6 billion, being outstanding subsidy payments due from January 2006 to December, 2015.


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