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Monday, May 20, 2019

NNPC Records Massive Reduction in Pipeline Vandalism

The Nigerian National Petroleum Corporation (NNPC) recorded a marked reduction in the cases of pipeline sabotage. This was disclosed in the Corporation’s monthly Financial and...

Oil prices rise to $41 as OPEC renews hope

Oil prices dipped slightly in Asia but stayed above $41 a barrel as OPEC raised hopes of a moderate rebound from a meeting of...

BPP Embarks on Categorization and Classification of Contractors

As part of the effort of government to further enhance transparency in public procurement, the Bureau of Public Procurement (BPP) embarked on the first...

Interest on Loot Recovered from ex-IG, Alams Hits N1.9bn –EFCC

The Economic and Financial Crimes Commission  has said that as of March 2015, it had realised N1,956,007,974 as interest on the loot recovered from...

FEC Approves New Debt Management Strategy

The Federal Executive Council (FEC) met yesterday and approved the 2016-2019 Debt Management Strategy. Briefing State House reporters after the meeting chaired by Acting President...

NNPC reports Capital Oil, MRS to DSS, EFCC over N17bn stolen PMS

The Nigerian National Petroleum Corporation, NNPC said it has reported MRS Limited and Capital Oil and Gas Limited to the Department of State Service,...

Army Reorganizes Exercise Harbin Kunama III

Army Reorganizes Exercise Harbin Kunama III The Nigerian Army has embarked on the reorganization and expansion of the mandate the Exercise HARBIN KUNAMA III currently...

Lagos Flood Most Devastating so far- NEMA

The National Emergency Management Agency (NEMA) has described flood situations in lagos as incredibly phenomena and the most devastating so far this year in...

Marketers Accused of Raking in Profits Selling Aviation Fuel as Kerosene

As the price of kerosene continues to soar because of inadequate supply, marketers have been accused of selling Jet A1, better known as aviation...
President Muhammadu Buhari

Buhari to address nation on recovered loot

President Muhammadu Buhari would soon address the nation on how much of the stolen public fund has been recovered. This was disclosed by the...

Market fire victims to get succor

The Federal Government will compensate victim of inferno that ravaged the Birnin-Kebbi central market in Kebbi State penultimate week. Minister of Justice and Attorney General...

FIRS Collects N2 trillion in Six Months- Ogungbesan

Chairman of the Federal Inland Revenue Service (FIRS), Mr. Samuel Ogungbesan has disclosed that the service generated an unprecedented N1.97 billion into the federation...

Senate wants 10% Fund for Hydroelectric Communities

• Says NDDC awarded 1, 691 contracts without approval • Restructures customs to boost IGR, plans prisons’ reforms The Senate has proposed 10 per cent of...
NigerDelta

Militants Blow Up Another Chevron Pipeline

...Military Seizes 5 Suspects ...Ozobo Slams Oduku For Fingering Gbaramatu People SECURITY agents have arrested five suspected militants in connection with the bombing of a Chevron...

UN Appoints Adeosun Into Pension Fund’s Investments Committee

UN Appoints Adeosun Into Pension Fund’s Investments Committee The United Nations, has appointed Nigeria’s Minister of Finance, Mrs. Kemi Adeosun, into the Investments Committee of...

Shell Oil is Not Exonerated over Oil Spillages in Nigeria – Minister

Contrary to some reports that Shell Petroleum Development Company (SPDC) has been cleared of oil spillages in Ogoniland in Nigeria, the Minister of Environment,...

UBA Appoints Five New Executive Directors

The United Bank for Africa Plc, has announced the appointment of five executive directors, subject to the approval of the Central Bank of Nigeria...

Senate Summons NEITI Boss Over Unremitted N1tn Revenue

The Senate has summoned the Executive Secretary of the Nigeria Extractive Industry Transparency Initiative, Mr. Waziri Adio, to appear before it in plenary and...

IOCs, Government To Invest N1.7tr In Niger Delta

IOCs, Government To Invest N1.7tr In Niger Delta   The Ministry of Petroleum Resources has said that about N1.7 trillion will be invested in Niger Delta...

OPEC Leaves Production Ceiling Unchanged

Against all expectations, the 159th Meeting of the OPEC Conference which held in Vienna, Austria, failed to raise the total crude oil production of...