Captains of industry and commerce have endorsed calls by the Nigerian government for oil companies to relocate their headquarters to their areas of operations. The Port Harcourt Chamber of Commerce, Continue Reading
For sale: stakes in oil fields. Bids from world class energy companies preferred. Pipelines and terminals associated with the deposits only blown up about a dozen times in the past Continue Reading
Nigerian President Muhammadu Buhari will return to Nigeria on March 10, according to an official statement by the president’s office, Reuters reported. Buhari has been out of the country in Continue Reading
Shell Nigeria Exploration and Production Company (SNEPCo) has halted production at Nigeria’s Bonga oil field. The exercise, which commenced on March 4, was put in place for maintenance that will Continue Reading
The Joint Senate Committee on Petroleum (Downstream, Upstream) and Gas at the weekend said it had uncovered a large-scale fraud of about N10 trillion allegedly perpetrated by officials of the Continue Reading
Nigeria’s anti-graft agency filed new charges against Royal Dutch Shell Plc and Eni SpA , alleging the companies “corruptly” paid $801 million in 2011 when acquiring an offshore oil field. Continue Reading
Nigeria’s economy shrank for a fourth consecutive quarter in the three months through December and contracted for the whole year, the first such move since 1991. Gross domestic product in Continue Reading
The Chief of Army Staff, Tukur Buratai, a Lieutenant General, says contrary to notion in some quarters, illegal bunkering, refinery and oil theft in the Niger Delta had reduced. Fielding Continue Reading
The ‘Computer Village’ in the Ikeja suburb of Lagos, where electronic products such as mobile phones, computer hardware and accessories are sold. It’s 4 p.m. in Nigeria’s capital and Ahmed Continue Reading
The Minister of State for Petroleum, Dr. Ibe Kachikwu, has clarified the $50-$100 billion said to have been lost to the attacks of oil and gas infrastructure by the Niger Continue Reading
