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Chevron sells 40% stake in OMLs 86, 88 to Conoil
Chevron has reportedly divested its last stake in old oil assets located in Nigeria’s shallow waters; Oil Mining Licenses (OMLs)…
Nigeria’s Power Generation Marks Another Peak of 5,420.30MW
The Nigerian power industry has achieved an improved all-time national peak of 5,420.30 megawatts (MW) which was effectively…
Nigeria exceeds OPEC Production Target by 110,000 bpd
Nigeria exceeded the volume of crude oil it was allowed to produce between May 2020 and July 2020 by 111,000 barrels per day.…
Nigeria’s economy needs ‘soft rebooting’ — Pantami
The Minister for Communications and Digital Economy, Dr Isa Pantami, said that Nigeria needed to reboot its ecosystem with digital…
NPDC to stop gas importation with 500,000bpd LPG production – Kyari
The Group Managing Director of Nigerian National Petroleum Corporation, Mele Kyari, has disclosed that the Nigerian Petroleum…
FG, States, LGs share ₦676.407bn for July 2020
The Federation Accounts Allocation Committee (FAAC) has shared a total of ₦676.407 billion for July 2020 to the Federal, State,…
NNPC joins EITI for greater transparency
The Nigerian National Petroleum Corporation (NNPC) has disclosed that it has become an Extractive Industries Transparency…
UK Court jails Nigerian oil mogul, Abdulrahman Bashir
Abdulrahman Bashir, the Chief Executive Officer of Rahamaniyya Oil and Gas Limited has been jailed in the United Kingdom.
Justice…
MRS Oil Nigeria Appoints New CFO
The Board of Directors of MRS Oil Nigeria Plc has appointed Mr Samson Adejonwo as the new chief finance officer (CFO) of the…
Reps Suspend Investigation into Chinese Loans
The investigation into the loans obtained by Nigeria from China and other foreign sources has been suspended by the House of…