oil sector
31 Oct
The Nigerian Senate has announced the reshuffling of its Ad-hoc Committee to investigate alleged economic sabotage in the petroleum sector. The move is to dispel concerns that certain industry stakeholders were attempting to hinder the probe and aims to ensure a more thorough, coordinated investigation in collaboration with the House of Representatives. The announcement, made…
1 Aug
Salahuddeen Tahir, is the Chairman, Society of Petroleum Engineers (SPE), Nigerian Council, and Head of Assets & Investments Management at NNPC Gas & Power Investment Services (NGPIS), where he oversees strategic investments in power, LNG, and gas-based industry initiatives. With dual degrees in Geology and Petroleum Engineering, Tahir brings over 22 years of experience in the…
24 May
The Federal Government said it is targeting a $20 billion investment in the oil sector very soon because of the reforms that have taken place
8 Mar
The continued dollarisation of operations in the downstream segment of the nation’s petroleum industry is compounding existing hardship in Nigeria and adding extra N55.8 billion on the pump prices of Premium Motor Spirit (PMS), diesel and aviation fuel monthly.
7 Feb
The Nigerian Association of Petroleum Explorationists (NAPE) is seeking the support of the National Assembly to address inherent challenges bedeviling the oil and gas sector in the country.
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A former president of the Nigerian Bar Association (NBA), Chief Wole Olanipekun, has called on the judiciary to maintain its integrity by purging itself of bad eggs. Olanipekun, a Senior Advocate of Nigeria (SAN), made the call in Ibadan on Monday at the opening of the Law Week and 70th Anniversary Celebration of the NBA,…
13 mins ago
The Oyo State Road Traffic Management Authority (OYRTMA) launched a series of raids against illegal street traders within the Ibadan metropolis. The operation, led by the agency's Chairman, Major Adekoya Adesagba (rtd), spanned a day and targeted the Oritamerin, Gege, Agbeni, and Ogunpa areas of the state. According to Adesagba, who was accompanied by the…
14 mins ago
SWAN laments state of sports sector in Ondo, calls for intervention The Sports Writers Association of Nigeria (SWAN), Ondo Chapter, has expressed concern over the state of the sports sector in the state, stressing that the situation calls for urgent intervention. While frowning over the dwindling fortunes of sports in the state, SWAN expressed concern…
16 mins ago
The North-Central All Progressives Congress, APC, Forum has endorsed President Bola Tinubu for a second term in office. The APC Forum, in a statement on Monday, released after a meeting in Abuja on Sunday, said the region would stand behind the President in the 2027 presidential election. The statement, signed by Chairman of the North-Central…
17 mins ago
Barcelona winger Lamine Yamal is set to miss between three and four weeks after injuring his right ankle in Sunday's 1-0 defeat by Leganes in La Liga. "Tests carried out this morning revealed a grade 1 injury to a ligament in the ankle," Barcelona said in a statement on Monday. The club estimated he would…
20 mins ago
President Bola Tinubu on Monday lauded the $5 billion Final Investment Decision (FID) made by Shell and its partners on the Bonga North Deep Offshore Field. The FID marks Nigeria’s first deepwater oil project in more than a decade. It underscores the transformative impact of the Tinubu administration’s policies and reforms in attracting investments to…
24 mins ago
A PDP Chieftain in Ondo State, Sen. Nicholas Tofowomo, says the party lost the Nov. 16 governorship election to lack of preparedness, a divided house and complacency by party leaders and supporters. Tofowomo, a former senator representing Ondo South Senatorial District in the National Assembly, stated this in an interview with the News Agency of…
27 mins ago
The Chief Judge of Ebonyi, Justice Elvis Ngene, on Monday, inaugurated a 15-member Advisory Committee with a mandate of facilitating the state’s Court Administration and Case Management (CACM) project. The News Agency of Nigeria (NAN) reports that the CACM project is aimed at promoting speedy justice delivery through the digitisation of court processes and other…
32 mins ago
The Managing Director of the Federal Mortgage Bank of Nigeria (FMBN), Shehu Osidi, said that they have secured N100 billion off-takers'guarantee for affordable housing with the support of partners. Osidi dropped the hint at Africa Housing Awards 2024 in Abuja, explaining that the amount will facilitate the development of the Renewed Hope Cities and Estates…
40 mins ago
The Lagos Zonal Directorate of the Economic and Financial Crimes Commission, (EFCC) on Monday, December 16, 2024, re-arraigned a former Managing Director of the defunct Bank PHB Plc, Francis Atuche, on a nine-count charge bordering on conspiracy to commit felony and forgery before Justice O. O. Abike-Fadipe of the Special Offences Court sitting in Ikeja,…