The Shell Petroleum Development Company (SPDC) on Wednesday confirmed a pump failure at its facility in Bayelsa. This is contained in a…
Category:
Oil and Gas
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Brent crude held steady above 113 dollars per barrel on Tuesday as investors awaited economic growth data out of Europe to gauge…
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Asia is set to import record volumes of oil from West Africa, mainly from Nigeria, this year as increasing supplies of high…
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Minister of Petroleum Resources Mrs Diezani Alison-Madueke says the nation’s oil reserve could grow to 40 billion barrels by 2020 with daily…
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EconomyNewsOil and Gas
Oil companies underpaid FG $2.33 billion, as NNPC pocketed $3.789bn dividend from LNG
By Omoh Gabriel Nigeria Extractive Industry Transparency Initiative has disclosed that from its audit report between 2006 and 2008 the Nigerian National…
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Ms Christine K, the Director of HeinrichBoll Foundation in Nigeria and West Africa, said in Abuja that Nigeria loses 2.5 billion dollars…
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The volume of shares traded on the Nigerian Stock Exchange (NSE) depreciated by 43 per cent on Tuesday. The turnover volume dropped…
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EconomyNewsOil and Gas
Fuel Subsidy Probe: Presidential Committee recommends recovery of N382bn from 21 companies
The Presidential Committee on Verification and Reconciliation of Fuel Subsidy Payments submitted its final report to President Goodluck Jonathan on Tuesday in…
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The Economic and Financial Crimes Commission (EFCC) will on Wednesday in Lagos arraign some oil marketers and their companies for their alleged…
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President Goodluck Jonathan has sent the latest draft of the wide-ranging Petroleum Industry Bill (PIB) to parliament for debate, the oil minister…
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Nigeria’s government owes Nigeria National Petroleum Corporation for improper, informal loans used to cover a range of expenses, from a presidential helicopter…
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President Goodluck Jonathan has approved the constitution of a new board of directors for the Nigerian National Petroleum Corporation (NNPC). A statement…
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Equity transactions at the Nigerian Stock Exchange (NSE) opened on Monday on a positive note, as some highly capitalised companies recorded increases…
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The Presidency has expressed concern over the circulation of a fake document purported to be the new Petroleum Industry Bill (PIB). A…
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Nigeria’s Federal Executive Council has approved a final draft of the revised Petroleum Industry Bill (PIB), which will be sent to President…