Shell builds 6-classroom block for community 24 years after oil spill

Shell Petroleum Development Company has built a six-classroom block for Ogodobiri community in Burutu Local Government Area of Delta State, 24 years after the...

Enugu Disco affirms ownership of Aba electric firms

Interstate Electrics, winner of the Enugu Electricity Distribution Company, Enugu Disco, has said that the lease agreement of April 28, 2005, that purportedly granted...

Jonathan orders recovery of $9.6bn underpayment from oil companies

President Goodluck Ebele Jonathan has directed all agencies affected by the audit reports of Nigerian Extractive Industries Transparency Initiate (NEITI) to recover the outstanding...

Naira may fall further as a result of increased government spending

The possibility of an increase in government due to the emergency rule declared in Borno, Yobe and Adamawa states may result to further depreciation...

Oil & gas insurance: Local retention rises by over 400% – NAICOM

Contrary to insinuations that objectives of the Local Content policy in the insurance industry, were yet to be achieved, the National Insurance Commission (NAICOM)...

NNPC seeks stakeholders’ collaboration on environment

The Nigerian National Petroleum Corporation (NNPC), Lagos Zonal Office, has called for effective collaboration among all relevant stakeholders to save the environment from degradation. Speaking...

FG grants operational licenses to seven generation companies

The Federal Government on Monday issued operational licences to seven electricity generation companies under the National Integrated Power Project. Each of the companies got an...

Federal Government set to tackle Aturu’s deregulation suit

Having been caught unaware at the lower court, the federal government has fortified its legal team to challenge the decision of Justice Adamu Bello...

NEITI decries the lack of accurate data on crude oil theft, vandalism

The Nigeria Extractive Industries Transparency Initiative on Monday faulted the absence of reliable data on the quantity of crude oil being lost to theft,...

Climate change threatens Vision 20:2020 – World Bank

World Bank, yesterday, said for Nigeria to achieve its Millennium Development Goals, MDGs, and Vision 20:20:20, it was imperative for the nation to address...

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