Crude Oil Production
15 Apr
Some financial experts have urged the Federal Government to invest more in increased crude oil production and end oil theft as panacea to achieve the 2.5 million barrels target.
29 Jan
The Oil Producing States Progressives Association has refuted allegations against the Chief of Naval Staff (CNS), Vice Admiral Emmanuel Ogalla, published by an online medium recently. The association urged President Bola Ahmed Tinubu to dismiss what they termed "fallacious and baseless" claims, asserting that the allegations were an attempt to divert attention from the ongoing…
25 Dec
Social Economic Rights and Accountability Project (SERAP) has sued Nigerian National Petroleum Company (NNPC) Limited at the Federal High Court, Abuja over failure to disclose details of Nigeria’s daily oil production, exportation and revenues generated from oil since the removal of subsidy on petrol in May 2023. Former Governor of the Central Bank of Nigeria…
16 Dec
Sen. George Akume, the Secretary to the Government of the Federation, says the efforts of the Nigerian Navy have led to increased daily crude oil production to about 1.5 million barrels per day as of November.
7 Nov
Nigeria would need about $7.6 billion to restore oil production to 2.1m/bpd by 2025 from the current 1.3m/bpd as of September.
11 Oct 2023
The International Monetary Fund (IMF) has downgraded Nigeria’s economic growth by 0.3 per cent. According to the report, ‘2023 World Economic Outlook,’ which was released yesterday, at its ongoing yearly Meetings in Marrakech, Morocco, IMF..
14 May 2023
The Managing Director (MD) of Shell Nigeria Exploration & Production Company (SNEPCo), Mrs. Elohor Aiboni, has expressed her appreciation to the leadership of the Nigerian National Petroleum Company (NNPC) Ltd and the NNPC Upstream Investment Management Services (NUIMS) for the level of collaboration geared towards maximising the potential of the deepwater assets and delivering key projects.
Latest
1 hour ago
Nollywood actress, Kate Henshaw, has called for an improved immunisation and more Primary Healthcare Centres (PHCs) in Bauchi State for children welfare in the state. The UNICEF Ambassador made the call in Bauchi on Tuesday while briefing newsmen on her field trip with the United Nations Children's Fund (UNICEF) Bauchi Field Office to observe immunisation…
1 hour ago
The Federal Government has set up a seven-man committee to investigate the alleged bullying incidents at Lead British International School, Abuja. This was after the government convened an emergency meeting with management of the school following a disturbing video footage of some students bullying others emerged on the social media earlier on Tuesday. "The committee's…
1 hour ago
The pan-Igbo socio-cultural organisation, Ohanaeze Ndigbo, has urged former governor of Anambra State, Peter Obi, to support the 700km Lagos-Calabar coastal road project being executed by the Federal Government. Obi, who was the presidential candidate of the Labour Party (LP) in the 2023 elections, had on Monday said the construction of the Lagos-Calabar coastal highway…
1 hour ago
....as secondary market turnover in FMDQ hits ₦48.9tr Total value of transactions executed by domestic investors outperformed foreign investors patronage by circa 64 per cent as at March 2024. According to the latest Domestic and Foreign Portfolio Investment Report of the Nigerian Exchange Limited (NGX), total domestic transactions accounted for about 89 per cent…
2 hours ago
FOLLOWING the success of its 'Back to School project' at St. Michael's African School, Ipari-Nla, Ogun State, in February, the Angel Foundation has successfully completed another transformative project at the school, which was commissioned on Monday. It renovated and modernised the school's toilet facilities, enhanced hygiene standards for students and teachers alike, as well as…
2 hours ago
Former Central Bank of Nigeria's governor Godwin Emefiele approved the printing of N684.5 million naira with N18.9 billion, the Economic and Financial Crime Commission (EFCC) has said. EFCC made the claim in a new four-count charge filed against Emefiele at the High Court of the Federal Capital Territory. The anti-graft agency's prosecutor Rotimi Oyedepo (SAN)…
2 hours ago
The Managing Director of the Niger Delta Development Commission (NDDC), Dr Samuel Ogbuku, has promised that the commission will now meet on a quarterly basis with stakeholders of the commission to enhance the formulation and sustenance of the Commission's overall strategies for the development of the region. Ogbuku made the promise during an interactive forum…
3 hours ago
The Kogi State House of Assembly, during plenary on Tuesday, has asked the Economic and Financial Crimes Commission (EFCC) to remove the ‘wanted’ tag that it placed on Yahaya Bello, the immediate past governor of the state. EFCC declared Bello alongside Ali Bello, Dauda Suleiman and Abdulsalam Hudu on 19-count charges bordering on money laundering…
3 hours ago
Two Premier League footballers have been arrested over rape allegations. The alleged rape incident is said to have taken place on Friday night. According to UK publication, The Sun, Cops stormed the club’s stadium this weekend and one of the players, aged 19, was spoken to on suspicion of assault and aiding and abetting a…
4 hours ago
The University of Nigeria Nsukka (UNN) on Tuesday suspended Mfonobong David Udoudom, a lecturer in the General Studies division, who was caught in a video allegedly harassing a female student. The university said that the indefinite suspension is with immediate effect pending the outcome of a disciplinary panel constituted to investigate the incident. UNN spokesperson,…