Nigeria’s multifaceted poor records, losses, corruption
Among the challenges besetting Nigeria’s economy, which has been internationally acknowledged is the multifaceted nature of losses...
Transfer of OML 11 to NPDC: Ogoni vows to resist resumption of crude, gas production
The presidential directive to the Nigerian Petroleum Development Company Limited (NPDC) to takeover operation of the entire Oil Mining Lease (OML) 11 from Petroleum Development Company (SPDC) has been denounced by the Ogoni people.
Tribunal awards $1.7b to FG over Brass, Forcados Assets
An arbitral tribunal at the Lagos Court of Arbitration yesterday awarded $1.69 billion in favour of Nigerian Petroleum Development Company (NPDC) Limited in the suit between Atlantic Energy Drilling Concepts Nigeria Ltd, Atlantic Energy Brass Development Ltd and NPDC. Atlantic Energy Drilling Concepts and Atlantic Energy Brass Development instituted the suit on August 15, 2016,…
Capt. Hosa at 61: Audacity hugs tenacity
From deep introspection, notable marathoner Billy Mills observed that, “Our life is a gift from the Creator. Your gift back to the Creator is what you do with your life.”
NNPC trading surplus hit N9.85 billion in September
The Nigerian National Petroleum Corporation has reported 152.56 per cent appreciation in its trading surplus to N9.85 billion in September 2018, a figure which...
NNPC, others yet to remit $22.06b, N481.75b
The Nigerian National Petroleum Corporation (NNPC), its subsidiary, Nigerian Petroleum Development Company (NPDC), and companies in the oil and gas sector are yet to remit $22.06 billion...
Improved output raises NNPC’s monthly trade surplus to N18.12b
The Nigerian National Petroleum Corporation (NNPC) has announced a trade surplus of N18.12 billion for May, driven by increased oil production.The performance was relatively higher than the N17.16 billion figures of the preceding month, according to a statement yesterday by the corporation.
NPDC partners Azuri on renewable energy
To boost the Federal Government’s policy on increasing renewable energy opportunities through dependable solar alternatives, the Niger Delta Power Holding Company (NDPHC) has commenced a partnership with Azuri Power to provide electricity to rural dwellers.
How sustainability of ‘7big wins’ will improve Nigeria’s oil production
Statistics provided by the Nigerian National Petroleum Corporation (NNPC) showed that Nigeria had from January to November 2016 lost over 130 million barrels...