Reps suspend further consideration of PIB due to legal technicalities

Members of the House of Representatives have suspended further consideration of the Petroleum Industry Bill, (PIB), after a series of observations raised by lawmakers...

Kano Disco assures staff over casualization

Dr Jamil Gwamna, the Managing Director of Kano Electricity Distribution Company (KEDCO), has assured members of the National Union of Electricity Employees (NUEE) that the...

Aiteo refutes allegation of corrupt relationship with Alison-Madueke

Aiteo Group has described as scandalous and defamatory, a publication by an online newspaper, Premium Times, alleging without any foundation whatsoever, that the company...

HOSTCOM demands payment of N1.2trn gas flaring penalty

Members of the Host Communities of Nigeria Producing Oil and Gas, (HOSTCOM), have expressed dissatisfaction over the continued delay in payment of N1,242.83 trillion...

Reps look to probe NNPC Joint Venture Agreements

The House of Representatives on Tuesday resolved to investigate Joint Venture (JV) agreements entered between the Nigerian National Petroleum Corporation (NNPC) and oil companies...

Edo blames boundary commission on decline in oil revenue

The Edo Government has attributed the decline in its oil revenue to the ceding of its oil wells to Ondo and Delta by the...

NLNG to build $1.8b ship repair facility in Lagos, on course for acquisition of...

The Nigeria Liquified Natural Gas (NLNG) in collaboration with other investors are set to invest $1.8billion in ship repair and dry docking business in...

Oando offers buy opportunity as stock falls 21%

Stockbrokers have said the N9.32 share price of Oando Plc offers a buy opportunity for investors considering the growth potential in the company. Shares of...

NSIA chief hopeful on SWF’s success

The Managing Director, Chief Executive Officer, Nigeria Sovereign Investment Authority (NSIA), Uche Orji yesterday described as baseless, fear that the Sovereign Wealth Funds (SWFs)...

PPP critical to tackling power deficit – Dangote

The President, Dangote Group, Aliko Dangote yesterday told an audience at the World Economic Forum (WEF) holding in Davos Switzerland that a joint effort between...

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