Environmental and climate justice groups across the country have urged Shell and other International Oil Companies (IOCs) operating in the Niger Delta to implement the full terms of Global Memorandum of Understanding (GMOU) agreed with communities and clean their oil pollution before selling off their equity holding in oil and gas assets in the region.…
European Union (EU) Ambassasdors in Nigeria have paid a courtesy call on the management of the Nigerian National Petroleum Company (NNPC). During the meeting the EU ambassasdors sought to strengthen their partnership with Nigeria in the energy sector as they pleaded for more gas supply to Europe. The New Diplomat reports that Europe’s call for…
LONDON (AP) — The World Bank says Ukraine’s economy will shrink by 45.1% this year because of Russia’s invasion, which has shut down half of the country’s businesses, choked off imports and exports, and damaged a vast amount of critical infrastructure. Unprecedented financial and export sanctions imposed by Western allies in response to the war, meanwhile,…
Instagram is a photo-sharing and video-sharing app. It allows users to share photos and videos with their followers. It has become one of the most popular social media platforms in the world. With over 1 billion active users. Instagram provides a platform for people to share their lives, interests, and experiences with their followers. The…
The commercialisation of healthcare services in Nigeria, estimated to be up to 60%, has been described as one of the worst injustices done to the Nigerian masses and a major factor undermining the nation’s response to the COVID-19 pandemic, as well as other critical services offered by operators in the country’s healthcare sector. This much…
There are indications that the Nigerian government could spend more on the importation of fuel into the country as oil rose to nearly $100 a barrel on Tuesday, reaching its highest level since 2014, amid the ongoing tension over armed conflict between Russia and Ukraine alongside its Western allies. The New Diplomat reports oil prices…
The Nigerian National Petroleum Company (NNPC) Limited started its week with an assurance to Nigerians that the distribution of Premium Motor Spirit (PMS) would soon normalise after it recalled the bad product imported into the country last week. The NNPC Group Executive Director (GED) Downstream, Adetunji Adeyemi, gave the assurance at a briefing in Abuja,…
Wednesday’s explosion of a Floating Production, Storage and Offloading Vessel called Trinity Spirit FPSO, in Ugborodo (Escravos) offshore location has caused stir across social media platforms in Nigeria as reports claim 10 crew members onboard the ill-fated facility have been lost to the massive explosion. The New Diplomat had earlier reported that Trinity Spirit FPSO…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says the Federal Government has paid bridging claims amounting to N22.7 billion to transporters of petroleum products. The Chief Executive Officer, NMDPRA, Farouk Ahmed, made this known during an interactive session with downstream industry officials on Wednesday in Lagos. Mr Ahmed added that the government would…