Chevron withholds award letter on oil deal from Brittania-U

Chevron Nigeria Limited, which offered three oil blocs for open bidding, appears to now be foot-dragging in releasing the bid winner’s award letter to...

Unending wait for Ports and Harbours Bill passage

To say that the reform of Nigeria’s port system was one of the best things that happened to it is to state the obvious....

Federal Government, workers agree on firms’ handover

The Federal Government and labour unions in the power sector on Thursday night agreed to carry on with the physical handover of the electricity...

Impact of technology on shipping

Technology has deeply impacted the practice of shipping writes John Iwori, who has been following the evolution of shipping. That modernity and science have changed...

US firm negotiates with Nigerian pirates for hostages’ release

A United States maritime company is negotiating the ransom for two American mariners kidnapped off the coast of Nigeria last week, U.S. government officials...

Oil extends losses below $97 on high supplies, Fed

Oil extended losses below $97 a barrel Thursday, dragged down by plentiful supplies and the prospect of less U.S. monetary stimulus. Benchmark U.S. crude for...

OPEC daily basket price stood at $106.31 a barrel Wednesday, 30 October 2013

The price of OPEC basket of twelve crudes stood at 106.31 dollars a barrel on Wednesday, compared with $106.36 the previous day, according to OPEC Secretariat...

Oil spill compensation – Paramount ruler sues for peace

The paramount ruler of Ibeno Local Government Area of Akwa Ibom. Chief Effiong Archianga, on Wednesday called on youths of the area to embrace...

FG pays N294 billion severance allowances to PHCN workers 2, 407 yet to be...

The federal government says it has so far paid N214.22 billion severance allowances and N80.290 billion pension to 40,093 staff of the Power Holding...

NERC paid N31 million to Reps for capacity building – Amadi

Another scandal is brewing in the House of Representatives as the chairman of the National Electricity Regulatory Commission (NERC), Dr Sam Amadi, yesterday disclosed...

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