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Tag Archives: nnpc

Reps Move To Avert Fuel Crisis, Order NNPC On Product Prices

It's only fair to share...By Akanimo Sampson | THE House of Representatives on Tuesday waded into the price regime war between the independent marketers and the Nigerian National Petroleum Corporation (NNPC) in a seeming deft move to avert fuel crisis in the country.     The federal legislators have accordingly directed the Group Managing Director of the NNPC and the ...

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After 45 days in SSS detention, Capital Oil boss Ifeanyi Ubah regains freedom

It's only fair to share...A court in Lagos had ordered Mr. Ubah’s immediate release, while another in Abuja blocked such move. The State Security Services, SSS, released Ifeanyi Ubah, the chairman of Capital Oil and Gas Limited, after nearly six weeks in detention on allegation of economic sabotage. According to Channels Television, Mr. Ubah was released Monday night unconditionally by ...

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Tension in Niger Delta over cancellation of three oil blocks by NNPC won by indigenes of the region in 2007 bid

It's only fair to share...  The relative peace in the oil-rich Niger Delta region, which enabled Nigeria to produce about 2 million barrels of crude oil per day in recent months is seriously being threatened, following the cancellation of three oil blocks won by indigenes of the region in the 2007 bid round by the Federal Government.   The three ...

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In The News Today 09-01-2017

It's only fair to share...A brief report of some of the major headlines in Nigeria and Africa. ShareIt's only fair to share...

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We Have launched two simultaneous operations to restart the disruption of Nigeria’s oil production – Niger Delta Avengers

It's only fair to share...The Niger Delta Avengers said on Friday that it had launched two simultaneous operations to restart its disruption of Nigeria’s oil and gas production this year. In a statement signed by its spokesman, Mudoch Agbinibo, and posted on its website, the group expressed its frustration with President Muhammadu Buhari’s “deaf” approach towards the ongoing dialogue with ...

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Akwa Ibom : Fresh oil spill hits Ibeno communities

It's only fair to share...Fresh oil spills suspected to emanate from American giant oil facility- ExxonMobil have hit more than 10 communities situated on the Ibeno shoreline in Akwa Ibom. In an interview with the News Agency of Nigeria, a youth leader in the community, Godwin Robert, secretary of Ulok Ulok People’s Assembly, lamented that the oil spill case was ...

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In The News Today 16-12-2016

It's only fair to share...A brief report of some of the major headlines in Nigeria and Africa ShareIt's only fair to share...

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ANTI-CORRUPTION WAR: Insufficient evidence to convict Diezani Madueke and Olusegun Aganga says AGF

It's only fair to share...The minister of justice and attorney-general of the federation, Abubakar Malami (SAN), yesterday said there was insufficient evidence to convict his predecessor, Mohammed Adoke, former minister of petroleum resources, Mrs Diezani Alison- Madueke, and former finance minister, The minister of justice and attorney-general of the federation, Abubakar Malami (SAN), yesterday said there was insufficient evidence to ...

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Oil prices shot up over four percent to their highest level since 2015 @ $58 per barre

It's only fair to share...Oil prices shot up over four percent to their highest level since 2015 early on Monday, December 12, 2016 after OPEC and other producers over the weekend in Vienna reached first output cut deal since 2001. They jointly reduced output in order to rein in oversupply and prop up the market. Brent sweet crude futures, the ...

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Opec’s deal to cut oil production will go ahead even if Russia commits to reduce output – Kachikwu

It's only fair to share...Abu Dhabi: Opec’s deal to cut oil production will go ahead even if Russia becomes the only non-Opec country to commit to reduce output at a meeting this week, Nigeria said on Wednesday, while the UAE voiced optimism that other producers would participate. Opec agreed last week to slash output by around 1.2 million barrels per ...

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