Senate summons Baru, Shell management over alleged oil licence revocation

The Senate is set to probe the Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, over allegations that he was involved...

Osinbajo says $25bn NNPC contract claims fictitious

The vice president, Yemi Osinbajo, on Sunday pushed back against allegations of contract infractions raised by the Minister of State for Petroleum, Ibe Kachikwu,...

Electricity tariff likely to increase by 61.5% soon

The tariff payable by electricity consumers may increase by 61.5 per cent any time soon following the latest revelation by the Nigerian Electricity Regulatory...

NERC slams N50m fine on IBEDC, orders recovery of N5.75bn

The Nigerian Electricity Regulatory Commission (NERC) has slammed a N50 million fine on Ibadan Electricity Distribution Company Plc (IBEDC), while ordering it to recover...

Osinbajo distances self from aide’s statement on NNPC crisis

Following a series of tweets by his spokesman suggesting that he had indeed approved contentious contracts worth $25billion awarded by Dr Maikanti Baru, the...

DPR charges oil and gas laboratory practitioners on quality

The Department of Petroleum Resources (DPR) has charged laboratory operators in the oil and gas industry on quality, saying reports and data emanating from...

NNPC GMD responds to minister’s corruption allegations

Following the publication of alleged lack of adherence to due process in the award of NNPC contracts, the President ordered the Group Managing Director...

Separation of NNPC’s regulatory and operational roles critical – PwC

A new report by PricewaterhouseCooper entitled, ‘The new nation builders: Creating the African national oil company of the future,’ has said that political involvement...

Reps on collision course with NNPC, DPR, PPPRA, EFCC

The House Committee on Public Petitions has threatened to invoke relevant sections of the 1999 Constitution (as amended) against management of Nigerian National Petroleum...

President Buhari may call for NNPC board’s minutes

It has been gathered that the Presidency might again call for the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu or the minutes...

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