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Shell to spend N1 billion to develop 11 Imo communities
3 days ago
Shell Petroleum Development Company of Nigeria Limited (SPDC), Tuesday, sealed the deal to release a whopping N1 billion to 11 communities in Imo State, for the commencement...
PENGASSAN seeks amendment of labour laws to protect contract workers
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has urged the Federal Government to review labour laws...
Staff, customers escape fire outbreak at bank’s headquarters
1 Aug 2018
Staff, customers and visitors at the head-office of a bank along Ahmadu Bello Way, Victoria Island, Lagos State, ran for their lives following a fire outbreak of a bank yesterday morning.
Delay in FDPs approval and Nigeria’s quest for 40 billion reserves target
20 Jun 2018
The Federal Government’s desire to grow Nigeria’s strategic oil reserves to about 40 billion barrels and daily crude oil production to four million barrels per day may suffer setback...
Government cautions IOCs against flouting local content act
14 Jun 2018
International oil companies have been urged to stop flouting the Nigeria local content law and thwarting maximum utilisation of Nigerian services and assets. The Executive Secretary...
$1.3b facilities idle as delay stalls upstream sector projects
21 Feb 2018
If a new upstream project is not approved after the completion of the Egina Floating Production Storage Offloading (FPSO) vessel, ship repair and fabrication yards...
Reps ask NNPC to strengthen NAPIMS for joint venture monitoring
18 Jan 2018
The House of Representatives yesterday urged the Nigerian National Petroleum Corporation (NNPC) to strengthen the National Petroleum Investment Management Services (NAPIMS).
Ekiti, Rivers demand share of $1 billion insurgency fund
20 Dec 2017
The controversy on the Federal Government’s plan to spend $1 billion to combat terrorism in the country took a new twist yesterday as Rivers State Governor Nyesom Wike...
NAPIMS boss gets 24 hours to appear before Senate over $16b project
7 Dec 2017
The Senate Committee on Local Content has ordered the Group General Manager of National Petroleum Investment and Management Service (NAPIMS), Mr. Roland Ewubare, to appear before it within 24 hours or risk being forced to do so.
A scam that must not happen
31 Oct 2017
Given consideration to the foregoing, it is apparent that NAPIMS and NNPC stepped beyond their legitimate regulatory boundaries. As President Muhammadu Buhari would say, they crossed ‘the red line’ and indeed, over-reached themselves.
NNPC, NAPIMS compel firms to fund projects in North East
5 Oct 2017
The National Petroleum Investment Management Services (NAPIMS), an arm of the Nigerian National Petroleum Corporation (NNPC), has directed operators in the petroleum...
NNPC restructures, effects changes in 55 key positions
30 Aug 2017
The Nigerian National Petroleum Corporation (NNPC) has revisited its restructuring programme with the appointment and deployment of top executives across the value chain of its operations.