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Petroleum sector to get $70bn investment from China – Minister

Ibe Kachikwu

The Minister of State for Petroleum, Dr Ibe Kachikwu, yesterday revealed that Chinese private sector companies had pledged an additional investment of $70bn to the Nigerian economy. Kachikwu said this ...

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Release approved N30bn for Prepaid Electricity Meters, CRADO tells PMB

Babatunde Fashola

The leadership of Consumer Rights Advancement Organisation (CRADO) has appealed to President Muhammadu Buhari to release the N30bn given to Nigerians by former President Goodluck Jonathan allegedly kept in Skye ...

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FG fingers Shell in crude oil theft, demands $406 million

Shell

Less than one week after the federal government sued two international oil giants, Total and Chevron over under-declaration in crude exports for some years, it is now demanding $406.75 million ...

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I’m Not Interested In NLNG, Other National Assets—Dangote

Finally, the President/Chief Executive of Dangote Group, Alhaji Aliko Dangote, has said his advocacy for the sale of the assets was never self-serving, stressing that “he was not interested in ...

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General Electric to invest N46bn in Nigeria next year—Report

Babatunde Fashola

General Electric, a United States’ electrical industrial firm, on Monday announced its plans to invest about $150m (N45.8bn) in Nigeria next year. The group said on its website that “There ...

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Good News As OPEC Exempts Nigeria, 2 Others From Reducing Oil Production

At a time Nigeria economy is battling economic recession, analysts have seen the move by the Organization of Petroleum Exporting Countries (OPEC), to exempt Nigeria, from cutting production output given ...

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PIB Passage Delaying Licensing Round For 11 Oil Blocks

offshore-oil-platform

The non-passage of the Petroleum Industry Bill (PIB) at National Assembly may compound the economic woes of the country early next by frustrating the needed licensing round for oil blocks ...

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Shell Shuts Down Nigerian Oil Pipeline After Fire Outbreak

Shell

Integrated energy major Royal Dutch Shell plc’s RDS.A Nigerian division, Shell Petroleum Development Company, has shut down its Trans Niger Pipeline at Gio in Ogoni due to a recent fire. ...

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FG Alerts H/Court How Chevron, Total Under-declared Crude Export 

Federal High Court seating in Lagos has started hearing on a suit brought forward by the Federal Government against two multinational oil giants, Total E&P Nigeria and Chevron. Whereas the ...

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How CEO Of Mobil Oil Nigeria Plc Rose From Pump Attendant To Big Boss

Tunji Oyebanji is the Chairman and Chief Executive Officer of Mobil Oil Nigeria.  Currently, Mobil Nigeria is one of the top six major petroleum products marketers in Nigeria and leader ...

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