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RIGHTS ACTIVIST DRAGS NLNG TO COURT OVER ABUSE OF LOCAL CONTENT POLICY, N1B LIABILITY

Human Rights Activist, Mr. Festus Keyamo has been contracted by the Managing Director of Macobarb, Mr. Shedrack Ogboru to take legal action against the Nigeria Liquefied Natural Gas Limited over… Read more »

RED ALERT: SCAMMERS USING ROTIMI AMAECHI’S NAME TO DEFRAUD NIGERIANS

   

PETROL MARKETERS DEMAND N240/$1 TO SELL AT N145 PER LITRE

Petrol marketers are insisting on the exchange rates of not more than N240 per dollar to import and recoup their investment, the Independent Petroleum Marketers Association of Nigeria (IPMAN) National… Read more »

TENSION IN OGONI AS ROYAL FATHERS BATTLE MOSOP OVER RESUME OIL EXPLORATION

Tension is brewing in Ogoni ethnic nationality of Rivers State following the insistence by Movement for the Survival of Ogoni People, MOSOP, that the people of Ogoni have not endorsed… Read more »

OIL AND GAS WILL PROVIDE HALF WORLD’S ENERGY NEEDS IN 2040, WHILE DEMAND WILL INCREASE BY 35%,

  The Secretary General of the Organisation of Petroleum Exporting Countries, (OPEC), Mohammed Barkindo has said Oil and gas together are still expected to provide more than half of the… Read more »

US SHALE OIL PRODUCTION WONT AFFECT PLANS FOR OIL STABILITY – OPEC CHIEF

Suhail Al Mazrouei, president of the Organisation of Petroleum Exporting Countries (OPEC), says increased US shale oil production will not significantly distort plans for oil market stability. Speaking to Bloomberg in Dubai,… Read more »

UK TO ACCEPT NAIRA PAYMENTS FROM NIGERIAN BUSINESS OWNERS

The British government, through its export credit agency, UK Export Finance (UKEF), says it will now accept naira payments from Nigerian business owners who make procurement in the UK.  … Read more »

IPMAN TO SET UP $3BN REFINERIES IN KOGI AND BAYELSA STATES

The Independent Petroleum Marketers Association of Nigeria (IPMAN) is set to commence work on its proposed $3 billion (N1.08 trillion) refinery in two states in the federation.   The National… Read more »

HOW BANK WORKER, SYNDICATE USE STOLEN SIM CARDS TO STEAL MILLIONS FROM CUSTOMERS ACCOUNT

Details have emerged of how an employee of a bank, one Christian Amechi, allegedly helped fraudsters to steal millions of naira from customers using a string of impersonators.   The… Read more »

BOKO HARAM: UN ALARM OVER INTENSIFIED ATTACKS, USE OF CHILDREN AS SUICIDE BOMBERS

Mr. Mohamed Ibn Chambas, Special Representative of the Secretary-General and Head of the United Nations Office for West Africa and the Sahel (UNOWAS), presented on 11 January to the Security… Read more »