The Nigerian Bottling Company Ltd (NBC) is expanding investment in a renewed commitment to transit to renewable energy sources as a way of accelerating the delivery of its net zero commitment. Speaking during a guided tour of the Company’s plant…
Eni, parent company of Nigerian Agip Oil Company (NAOC), on Wednesday lifted Force Majeure it declared on expected oil output as it resumed oil export from Brass Oil Export Terminal. A Force Majeure is a legal clause in contracts which…
The Presidential Amnesty Programme has raised the alarm over the activities of illegal crude oil refineries in the Niger-Delta region, describing it as a dangerous trend. The national coordinator of PAP, Colonel Millard Dikio (retd.), made this warning known during…
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) yesterday attributed the fuel scarcity to the non-availability of forex. The President of the Union, Mr Festus Osifo, made this known at a news conference on Wednesday in Lagos.…
The Ad-hoc Committee of the House of Representatives investigating huge amounts of debts owed the Federal Government of Nigeria FGN by oil companies has mandated the Management of Eloton Oil Coy Ltd to immediately pay the outstanding $17 million indebtedness in oil…
The Minister of Mines and Steel Development (MMSD), Mr Olamilekan Adegbite said N142.6 million was shared among 14 tertiary institutions in Nigeria to conduct research on mineral deposits. Adegbite said this at the Stakeholders Validation Workshop on Research Collaboration with…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has assembled a team of experts to carry out thorough auditing of activities of operators in the upstream petroleum industry in the last two years. The commission said the audit would ascertain the…
Nigeria’s crude oil grade, Bonny Light is trading at $116.1 per barrel the second most expensive in the international crude oil market. Nigeria’s crude oil price is only trading below Saudi’s Saharan Blend oil which is at $118.50pbd. Figures showed…
The Niger Delta Power Hoiding Company (NDPHC), is sorting out knotty issues to facilitate re-injection of about 800 Megawatts, MW, of electricity into the national power grid. This is expected to happen soon as part of the ongoing joint efforts…
The Niger Delta Youth Council (NDYC) has called on the Federal Government to pay compensation to Nigerians whose vehicles or machines got damaged for consuming contaminated imported Premium Motor Spirit (PMS), also known as petrol. The youth body made the…
