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NNPC Gets 30% Discount on Contracts After Renegotiations

The Nigerian National Petroleum Corporation has said it realised between five per cent and 30 per cent discounts on existing contracts after several renegotiations. According to the corporation, this arrangement has led to substantial savings for the national oil firm, thus helping to improve its overall...

EU Earmarks 20 Million Euros to Rebuild North East, Niger Delta

The European Union (EU) has pledged its support for the ongoing efforts of the Federal Government to rebuild some parts of the North East and Niger Delta regions by earmarking 20 million Euros for the reconstruction of markets and warehouses in Borno and Delta...

Economic sabotage: Presidency begs N/Delta leaders

The Presidency has appealed to Niger Delta leaders to exert their influence to stop the economic sabotage and restore normalcy to the restive region. Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu, made the appeal while featuring on the Express...

N’Delta Leaders Demand Oil Blocks, Pipeline Contracts from Buhari

Stakeholders from the Niger Delta under the aegis of the Pan Niger Delta Forum attributed the renewed militancy in the region to what they called alienation and lack of meaningful development of the region. They said they had consulted widely and had come up with...

Nigeria now produces 2.1m barrels, as Niger Delta Leaders Meet Buhari

The Nigeria’s oil production has improved to 2.1 million barrel of crude oilafter peace initiatives between the Federal Government and Niger Delta leaders. This new development was disclosed by Minister of State for Petroleum, Emmanuel Kachikwu after a two-hour meeting of Niger Delta stakeholders with...

Nigeria losses $7bn to NigerDelta Militancy this Year– NNPC

Nigerdelta; The Nigerian National Petroleum Corporation (NNPC) has said that from January 2016 till date, government lost $7bn, about N2.1tn, to the activities of militancy groups and oil pipeline vandals in the NigerDelta region. The Group Managing Director of NNPC, Dr Maikanti Baru, said this...