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'Dotun Akintomide With Agency Report After two times of enjoying the facility, Nigeria would get more crude-cut exemption from the Organisation of Petroleum Exporting Countries (OPEC). Nigeria was first exempted for six months and the second time, for nine months, in OPEC’s decision to cut crude production to shore up prices of the product. The…
September 14, 2017
Islamic State militants have resorted to stealing, spilling and smuggling crude oil from Iraqi oil fields as a means to wreak havoc and fund their spluttering but surviving campaign of terror. The stealing persists despite the defeat of the group in its major strongholds of Mosul and Tel Afar in Iraq, more than two years…
September 12, 2017
The pressure on Nigeria to reduce its crude oil production figure of 1.8 million per day is expected to increase as the Organisation of Petroleum Exporting Countries (OPEC) meets on Friday, September 22, 2017 in Vienna, Austria. While most oil producers including, non-OPEC members, believe that the relative peace in the Niger Delta has boosted…
September 11, 2017
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu has urged the Bank of Industry (BOI) to ensure that the 200 million dollar Nigeria content Intervention Fund (NCIF)  was carefully utilized for the growth and development of the sector. Kachikwu disclosed this on Thursday in Abuja at the signing of the Mou of the…
August 24, 2017
Brig Gen. Paul Boroh, Special Adviser to the President on Niger Delta, has urged stakeholders from the South-South to think outside the box and find other means of economic sustenance outside oil. Boroh, Coordinator, Amnesty Programme for Niger Delta, gave the advice in a keynote address at a seminar organised by the Ijaw Professional Association…
August 21, 2017
The Nigerian National Petroleum Corporation (NNPC) said yesterday that the country has saved a minimum of $6billion in two years by cutting the cost of crude oil production from $78 dollars per barrel to $23 per barrel as at August 2015, representing 70.5 per cent reduction. The Group General Manager of National Petroleum Investment Management…
August 17, 2017
The federal government has approved N39 billion loan to Electricity Distribution Companies (DISCOs) for the supply of meters, Minister of Power, Works and Housing, Babatunde Fashola, has disclosed. The minister made the disclosure on Monday in Kano at the 18th Monthly Power Sector Stakeholders Meeting hosted by Kano Electricity Distribution Company (KEDCO). He said the…
August 15, 2017
Worries Nigeria May Lose N20trn To Corruption In Power Sector By 2027 Wants FG To Probe Past Govts. By 'Dotun Akintomide In a sweeping allegation, the Socio-Economic Rights and Accountability Project (SERAP) on Wednesday indicted the past administrations of former Presidents, Olusegun Obasanjo, Umaru Musa Yar’Adua and Goodluck Jonathan of superintending over a mega electricity…
August 10, 2017
If any Nigerian is still in doubt about the enormity of the looting of the treasury committed by Nigeria ‘s first female oil minister, Diezani Alison-Madueke, the Public Affairs Department of the EFCC has made a catalogue of it for easy digest. In the article below, the EFCC says N47.2 Billion and $487.5 Million in cash…
August 9, 2017
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'Dotun Akintomide With Agency Report After two times of enjoying the facility, Nigeria would get more crude-cut exemption from the Organisation of Petroleum Exporting Countries (OPEC). Nigeria was first exempted for six months and the second time, for nine months, in OPEC’s decision to cut crude production to shore up prices of the product. The…
September 14, 2017
Islamic State militants have resorted to stealing, spilling and smuggling crude oil from Iraqi oil fields as a means to wreak havoc and fund their spluttering but surviving campaign of terror. The stealing persists despite the defeat of the group in its major strongholds of Mosul and Tel Afar in Iraq, more than two years…
September 12, 2017
The pressure on Nigeria to reduce its crude oil production figure of 1.8 million per day is expected to increase as the Organisation of Petroleum Exporting Countries (OPEC) meets on Friday, September 22, 2017 in Vienna, Austria. While most oil producers including, non-OPEC members, believe that the relative peace in the Niger Delta has boosted…
September 11, 2017
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu has urged the Bank of Industry (BOI) to ensure that the 200 million dollar Nigeria content Intervention Fund (NCIF)  was carefully utilized for the growth and development of the sector. Kachikwu disclosed this on Thursday in Abuja at the signing of the Mou of the…
August 24, 2017
Brig Gen. Paul Boroh, Special Adviser to the President on Niger Delta, has urged stakeholders from the South-South to think outside the box and find other means of economic sustenance outside oil. Boroh, Coordinator, Amnesty Programme for Niger Delta, gave the advice in a keynote address at a seminar organised by the Ijaw Professional Association…
August 21, 2017
The Nigerian National Petroleum Corporation (NNPC) said yesterday that the country has saved a minimum of $6billion in two years by cutting the cost of crude oil production from $78 dollars per barrel to $23 per barrel as at August 2015, representing 70.5 per cent reduction. The Group General Manager of National Petroleum Investment Management…
August 17, 2017
The federal government has approved N39 billion loan to Electricity Distribution Companies (DISCOs) for the supply of meters, Minister of Power, Works and Housing, Babatunde Fashola, has disclosed. The minister made the disclosure on Monday in Kano at the 18th Monthly Power Sector Stakeholders Meeting hosted by Kano Electricity Distribution Company (KEDCO). He said the…
August 15, 2017
Worries Nigeria May Lose N20trn To Corruption In Power Sector By 2027 Wants FG To Probe Past Govts. By 'Dotun Akintomide In a sweeping allegation, the Socio-Economic Rights and Accountability Project (SERAP) on Wednesday indicted the past administrations of former Presidents, Olusegun Obasanjo, Umaru Musa Yar’Adua and Goodluck Jonathan of superintending over a mega electricity…
August 10, 2017
If any Nigerian is still in doubt about the enormity of the looting of the treasury committed by Nigeria ‘s first female oil minister, Diezani Alison-Madueke, the Public Affairs Department of the EFCC has made a catalogue of it for easy digest. In the article below, the EFCC says N47.2 Billion and $487.5 Million in cash…
August 9, 2017
