March 13, 2020

Oil Price Crash: Experts Call For Development Of Non -Oil Sector

Some economic experts, on Thursday, expressed the need for the Federal Government to immediately and purposefully develop the non-oil sector to mitigate the effect of slump in oil price in the international market. The experts gave the advice, while speaking with newsmen in Ibadan on the implications of falling oil price. A Policy Economist, Dr […]

March 10, 2020

Oil price crashes to $33, loses $11 in hours

The international oil benchmark, Brent crude, which stood at $45.72 per barrel on Sunday, has slumped to $33 per barrel. As was published in VON, Oil prices suffered an historic collapse overnight after Saudi Arabia shocked the market by launching a price war against onetime ally Russia. Brent, against which Nigeria’s crude is priced, fell by $11.62 to $33.45 as of 9.00am Nigerian […]

L-R: Managing Director, Shell Petroleum Development Company and Country Chair, Shell Companies in Nigeria, Osagie Okunbor; Group Managing Director, Nigeria National Petroleum Corporation, Mele Kolo Kyari; Executive Chairman, Lagos State Sports Commission, Sola Aiyepeku; and Minister of State for Petroleum Resources, Timipre Sylva, at the opening ceremony of the finals of the 18th edition of the Nigeria Oil and Gas Industry Games held at the Teslim Balogun Stadium, Lagos.

March 2, 2020

Photo: Opening Ceremony of The Finals of The 18th Edition of The Nigeria Oil and Gas Industry Games Held at The Teslim Balogun Stadium, Lagos.

February 27, 2020

DisCos tackle minister over power supply claims

The Association of Nigeria Electricity Distributors (ANED) on Wednesday dismissed as untrue, the claim by Minister of Power Mamman Sale that electricity Distribution Companies (DisCos) evacuate only 3,000Megawatts (MW) out of the 7,000MW wheeled by the Transmission Company of Nigeria (TCN). ANED which is the umbrella body of the DisCos said the TCN wheels a […]

February 27, 2020

NNPC to Double Nigeria’s Domestic Gas Supply, Export Fuel by 2023

The Nigerian National Petroleum Corporation (NNPC) is to expand its domestic gas footprint with the delivery of the Escravos-Lagos Pipeline System (ELPS) II to double capacity from 1.1 billion standard cubic feet of gas to 2.2 BSCF. A statement by its Acting Group General Manager, Group Public Affairs Division, Samson Makoji, in Abuja, said the […]

February 24, 2020

LASG Advises Nurses To Be Prepared For Global l health Challenges

The Lagos State government has advised the nurses to get adequately prepared for global health challenges, since they are key stakeholders in preventing the spread of infectious diseases. Nurses were also charged to uphold the professional values of their profession so as to keep in tune with global best practices in healthcare delivery. Commissioner for Health, […]

February 21, 2020

Reinstate Mrs Maryam Danna Senate directs NDPHC

The Senate of the Federal Republic of Nigeria has mandated the Niger Delta Power Holding Company (NDPHC) to reverse the alleged wrongful termination of the appointment of a female chartered accountant and widow from Borno State, Mrs. Maryam Danna. This is coming 22 months after the last Senate had in their resolution of May 3, […]

February 13, 2020

One billion barrels of crude oil discovered, says Sylva

Minister of State for Petroleum Resources, Chief Timipre Slyva, said on Wednesay that about one billion Barrels of Crude oil have been discovered in the Northeast. Sylva spoke at a news conference to end the 2020 Nigeria International Petroleum Summit (NIPS), in Abuja. “The figure we are getting, the jury is not totally out yet, […]

February 13, 2020

Mele Kyari Harps on Energy Security in Africa

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has called on African countries, particular leaders and oil and gas players in the continent, to focus on providing structures that would ensure energy security for their citizens. He, made the call in Abuja, while presenting his keynote address to set […]

February 13, 2020

BPE Opposes Clamour to Reacquire Privatised Power Assets

The Bureau of Public Enterprises (BPE) wednesday warned against the ongoing clamour for the federal government to re-nationalise already privatised power assets of generating companies (Gencos) and distribution companies (Discos). BPE’s Director General, Mr. Alex Okoh, at an interactive session with journalists in Abuja, advised the government not to succumb to the pressure of re-possessing […]