Nigeria Could Lose $100m to Foreigners over NNPC Contracts – Shippers
Members of the Ship Owners Association of Nigeria (SOAN) have said the federal government will be losing over $100…
NNPC selects 26 firms to lift Nigeria’s crude oil
The Nigerian National Petroleum Corporation (NNPC) has picked 26 foreign and local companies as well as 12 countries to lift…
Nigeria Exceeds OPEC Quota by 84, 000b/d in April
Nigeria exceeded its production quota set by the Organization of Petroleum Exporting Countries, OPEC and its partners by 84,000 barrels…
Nigeria’s oil output nears 1.6mbpd as cartel anticipates rising demand
Though the Organisation of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) confirmed at the last meeting that they…
NCDMB puts Nigerians’ participation in Train 7 project at 50%
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Mr Simbi Wabote, has said the participation of…
OPEC: Nigeria’s Oil Sector Growth Declined by 19.8% in Q4
Nigeria’s oil and gas industry growth declined by 19.8 per cent in the fourth quarter of 2020 compared with the…
Southern Senators Back Govs’ Call for Restructuring, Ban on Open Grazing
The Southern Senators Forum (SSF) has lent its support to Tuesday’s call by the 17 Southern Governors for the proper…
US Expresses Interest in Passage of PIB
The United States of America has declared its interest in the passage of the much-awaited Petroleum Industry Bill (PIB)…
Malabu Scandal: London court to probe third transfer of $875m to Etete
A London court is set to probe the third transfer of $875million by JP Morgan to former Nigerian Minister of…
Malabu: JPMorgan Memo Warned $875m Payment to Etete Was Graft Risk
New revelations have emerged that JPMorgan Chase &Co was warned by its compliance team over the “great risk” of corruption…