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Nigeria Loses Billions Of Dollars Over Failure To Reform Oil, Gas Industry – Speaker Dogara

Nigeria Loses Billions Of Dollars Over Failure To Reform Oil, Gas Industry – Speaker Dogara

  Speaker of the Nigeria’s House of Representatives,  Yakubu Dogara, has said that the new petroleum industry bill that the National Assembly is processing will enable Nigeria to operate at standards and levels of efficiency expected of a twenty first century oil and gas industry.   He also added that as it currently stands, even […]

Nigeria: AfDB Approves $1.5m For Jigawa Power Project

The African Development Bank (AfDB) says it has approved a grant of 1.5 million dollars (about N540 million) to support power project in Jigawa state. Mr Amadou Hott, Vice President, Power, Energy, Climate and Growth complex of the bank disclosed this in an interview with the News Agency of Nigeria (NAN) in Abidjan, on Saturday. […]

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Oil Surges More Than 3% Racing To $80 As China Calms Trade War Jitters

    Oil prices rose over 3 per cent, on Tuesday as investors grew more confident that a brewing trade dispute between the United States and China may be resolved without harming the global economy.   Brent crude futures were up at 70.97 dollars a barrel by 2:10 p.m. EST (1810 GMT). It was Brent’s […]

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Nigeria Says NNPC’s Financial Statements Up To Date

  Nigeria’s oil company, the Nigerian National Petroleum Corporation (NNPC), Sunday said it had updated its outstanding audit of the group financial statements from 2011 to 2016. NNPC Spokesman, Ndu Ughamadu, said in a statement in Abuja that the audited backlog had since been approved by the board of the corporation in line with the […]

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Nigeria: Holding Local Councils Elections In Rivers State Amounts To Contempt Of Court, Says APC

  By Joseph Edegbo Kaduna (Nigeria) – All Progressives Congress in Rivers State, South- South Nigeria has said that it will amount to contempt of court should the Rivers State Independent Electoral Commission goes ahead to conduct local government elections scheduled for June this year. Addressing newsmen in Port Harcourt, APC Chairman in the State, Davies […]

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Oil Companies In Nigeria Pledge To Continue Advocating Benefits Of Voluntary Principles To Other Stakeholders

In a related development, companies operating in the Nigerian oil and gas industry weekend pledged to continue advocating the benefits of the Voluntary Principles to other stakeholders across government and corporate organisations.   “Chevron Nigeria Limited, Total Exploration and Production and The Shell Petroleum Development Company are active participants in the in-country implementation working group […]

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VPI Steering Committee, LITE, Oil Companies Restate Support for Human Rights

  The steering committee of the Voluntary Principles Initiative is determined to support the efforts of government, companies, non-governmental organisations and communities in the implementation of voluntary principles.   At a security forum in Eket, Akwa Ibom State and multi-stakeholders round-table in Port Harcourt, the current chair of VPI, Mr. Ronald Roosdorp, Executive Director, Leadership […]

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Nigerian Regulatory Body In Gombe Uncovers Vehicles With Fabricated Tanks

By Ahmad Umar Gombe (Nigeria) – Department of Petroleum Resources (DPR), a subsidiary of Nigerian National Petroleum Company, has impounded five vehicles found with large quantity of petroleum products in reconstructed tanks at a filling station in Gombe, northeast of the country Operational Controller of  DPR, Abdullahi Abawa disclosed this to journalists in Gombe during a […]

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