Staff, customers escape fire outbreak at bank’s headquarters
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
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...
$1.3b facilities idle as delay stalls upstream sector projects
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
The House of Representatives yesterday urged the Nigerian National Petroleum Corporation (NNPC) to strengthen the National Petroleum Investment Management Services (NAPIMS).
NAPIMS boss gets 24 hours to appear before Senate over $16b project
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
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 restructures, effects changes in 55 key positions
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.
Petroleum agency’s $11m expenditure shocks Senate panel
Members of the Senate Committee on Petroleum (Upstream) were yesterday shocked when management of the National Petroleum Investment Management Services (NAPIMS)