19 results
- 14 Oct 2014
NPDC, Seplat to Invest N32Bn on Azura Power Plant
The Nigerian Petroleum Development Company (NPDC) and Seplat Petroleum Development Company Plc Joint Venture will invest N32bn ($200m) on the Azura-Edo power plant, Mrs. Diezani Alison-Madueke, the…
- 4 Aug 2020
Post-COVID-19 Economy: UBA Facilitates $1.5Bn Financing for NNPC, NPDC
United Bank for Africa Plc (UBA), the leading pan-African financial services group, has acted as the lead arranger of a consortium of Nigerian commercial and international banks in a $1.5 billion…
- 23 Apr 2015
APC Claims NNPC ‘Missing’ Funds Exceed $1.48Bn
The controversy over alleged missing oil remittances took another turn as All Progressives Congress (APC), claimed that it has evidence that the sum is pretty much higher than the $1.48 billion…
- 18 Sept 2013
Resourcery Proffers Intelligent Oil Field Business Solutions
Resourcery Plc., a leading Technology Company in West Africa has proffered “Intelligent Oil Field” business solution aimed at enhancing the exploration and production processes of the energy sector…
- 5 Feb 2014
CBN Says $20Bn Missing, NNPC Accuses Sanusi of Inconsistency
Mallam Lamido Sanusi, governor of Central Bank of Nigeria (CBN) has said that the outstanding unremitted amount due to the federation account from the sale of crude oil by the Nigeria National…
- 21 May 2015
PENGASSAN, NUPENG on Strike to Worsen Fuel Crisis
Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), have begun an indefinite strike that may completely…
- 4 Jun 2013
Senate Invites Alison-Madueke, Others over N59trn Oil Block Deal
Senate Committee on Petroleum (Upstream) will today hear the defenses of Mrs. Diezani Alison-Madueke, minister of Petroleum Resources and Mr. Andy Yakubu, group managing director, Nigerian National…
- 2 Aug 2014
NNPC: Jonathan Fires Yakubu, Appoints Dawha
President Goodluck Jonathan Friday sacked Andrew Yakubu as the group managing director (GMD), Nigerian National Petroleum Corporation (NNPC) and appointed Dr Joseph Thlama Dawha to replace him. He…
- 10 Jul 2012
Standard Bank Group, JP Morgan Finance Acquisition of Oil Mining Lease
The Standard Bank Group and JP Morgan have provided instrumental support in financing the acquisition price of oil mining lease in Nigeria (OML 30). Standard Bank will further provide the permanent…
- 2 May 2013
Alison-Madueke, Shell in $380Bn “Shady” Oil Deal-Reps
House of Representatives, Thursday accused Mrs. Diezani Alison-Madueke, minister of Petroleum Resources; Shell Petroleum Development Company Limited; and officials of the Nigerian Petroleum…
- 30 Mar 2026
FG Launches Cross-Border Digital Payments Report
Federal government has launched the “Cross-Border Digital Payments and Identity in Nigeria under the AfCFTA” report, urging stakeholders to unlock trade opportunities for Micro, Small and Medium…
- 17 Oct 2013
NNPC Says No Cause For Alarm over IOCs Divestment
Nigerian National Petroleum Corporation (NNPC) has dismissed fears that the recent spate of divestment of onshore oil blocks by International Oil Companies (IOCs) may lead to crisis in the nation’s…
- 11 Dec 2013
Presidency Wades into CBN, NNPC Feud over Missing N8Tr
President Goodluck Jonathan on Wednesday waded into the bickering between the Nigerian National Petroleum Corporation (NNPC) and the Central Bank of Nigeria over the missing $49.8 billion oil…
- 14 Feb 2014
Forensic Experts to Trace Missing $20Bn Oil Money
Forensic experts should examine the state of the federation account, the federal government suggested yesterday. This is coming as Sanusi Lamido Sanusi, governor; Central Bank of Nigeria (CBN)…
- 11 Oct 2014
President Jonathan Leads Azura-Edo IPP Ground Breaking, Foundation Laying Ceremony
Azura Power Holdings Ltd, on Friday, conducted the official groundbreaking and foundation laying ceremony at the Azura-Edo Independent Power Project (IPP) in Benin, Nigeria. The ceremony was…
- 20 Feb 2015
Reps Seek Information on $20Bn NNPC Audit Report
House of Representatives yesterday asked the federal government to furnish it with the detailed report of the forensic audit of accounts and transactions of the Nigerian National Petroleum…
- 26 Feb 2015
Eunisell Trains Ammasco International in Kano
Eunisell Chemicals, Africa’s leading specialty fluids management company, is organising a 3-day training and workshop programme for Ammasco International Limited, an indigenous and independent…
- 20 Jul 2017
Court Orders Seven Banks to Remit $793m to TSA
Seven commercial banks in the country have been ordered by a Federal High Court in Lagos to temporarily remit a total of $793, 200, 000 allegedly hidden with them in contravention of the Federal…
- 30 Mar 2026
FG Urges Stakeholders to Unlock Trade Opportunities for MSMEs To $3.5trn AfCFTA Market
The Federal Government has launched the ‘Cross-Border Digital Payments and Identity in Nigeria under the AfCFTA’ report, urging stakeholders to unlock trade opportunities for Micro, Small and Medium…