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Investment requests by IOCs now in excess of $15bn

Ibe K

Investment requests by multinational oil firms seeking to invest in Nigeria’s oil and gas sector are currently in excess of $15bn. This is the revelation of the Minister of State ...

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Locational safety issue may hunt site of Nuclear Power Plant


Whereas Russia has signed agreements with Nigeria to build and operate a nuclear power plant, security experts are beginning to weigh the security of the zone where it will be ...

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Ghana oil & gas sector leads in Resource Governance Index 2017 in Africa

NNPC 101

A new report has shocked Nigeria’s oil and gas industry to vote the Ghanaian counterpart as the best in the 2017 Resource Governance Index (RGI), making it the best performer ...

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NNPC, JV partners flag off another search for oil in Lagos

Ambode- 22

The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru has flagged off fresh search for oil in parts of Lagos. This was made public during the ...

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New security architecture coming for NNPC’s depots, pump stations

NNPC Maikanti Baru

To ensure that security around its depots and pump stations to ensure they remain functional, the Nigerian National Petroleum Corporation (NNPC), has mapped out new security strategies around critical installations. ...

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There is oil in North, but not in commercial quantity— Geomorphologist

Buhari oil search

Leading geomorphologist, Dr. Isaac Undu, has advised the federal government and the Nigerian National Petroleum Corporation (NNPC), to stop spending scare resources in searching for hydrocarbons in any part of ...

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Aiteo boss links crisis to toxic culture of politically motivated witch-hunts

Aiteo team

…Hires UK, US best law firms Fresh and chilling reasons have emerged on why the embattled Executive Vice Chairman of Aiteo Group, Mr. Benedict Peters, has assembled UK-based Mishcon de ...

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NASS, TCN on collusion over access to $1.5bn foreign facility

Yakubu Dogara

…Power sector has most abandoned contracts by FG Contrary to the allegation by House of Representatives that the Transmission Company of Nigeria (TCN) had accessed $1.5bn foreign credit facility in ...

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Mobil reaches terms with Qua Iboe Power plant on ownership


Oil giant, Mobil Producing Nigeria Limited (MPN), operator of the Nigerian National Petroleum Corporation (NNPC)/MPN joint venture, on Thursday, reached commercial terms with Qua Iboe Power Plant Limited (QIPPL) for ...

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Gencos now reducing generation due to rejection by Discos

dam scheme

To limit increasing wastages due to growing rejection of loads by power Distribution companies (Discos), some power Generation companies (Gencos) has started reducing investments in power generation as part of ...

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