25 results
- 21 Jun 2015
NLNG eyes $1.5Bn Ship Yard in Nigeria
Nigeria Liquefied Natural Gas Company (NLNG) is sponsoring the construction of the first major ship yard in Africa's biggest economy at the cost of $1.5 billion, in its attempt to turn the country…
- 22 May 2019
FG Raked in N366Bn in Revenue from SNEPCo in 2018
Shell Nigeria Exploration and Production Company Limited (SNEPCo), Nigeria’s foremost deep-water oil and gas company, paid N366 billion in 2018 as revenue to the federal government from its…
- 13 Jul 2015
PDP, APC Bicker over $5.6Bn NLNG Dividend
Peoples Democratic Party (PDP) has slammed Nigeria’s ruling the party, All Progressives Congress (APC) for insinuating that the past administration hid the Nigeria Liquefied Natural Gas (NLNG)…
- 24 Jan 2013
Brass LNG Suffers Multiple Headaches
The Brass Liquefied Natural Gas (LNG) project, designed to produce 10 million metric tonnes of LNG per year may be dead on arrival after all, because the economics does not add up, Nigeria…
- 18 Oct 2016
Nigeria Demands $15Bn Upfront Oil Payment from India
Nigeria is seeking a $15billion cash raising oil deal with India in a bid to shore up its foreign reserves. Ibe Kachikwu, minister of State for Petroleum who is in India, has negotiated the $15…
- 6 Sept 2017
German Firm Plans Virtual Pipeline for Nigeria's LNG Market
OTI Greentech AG, an international environmental engineering and technology services group listed on the Düsseldorf Stock Exchange, on Wednesday, announced its intention to expand its activities in…
- 14 Nov 2016
FG to Restructure NNPC, List Shares on NSE
Federal government plans to list the Nigerian National Petroleum Corporation (NNPC) on the Nigerian Stock Exchange, once it concludes its reforms of the country’s petroleum sector, the latest draft…
- 1 Feb 2013
NNPC Cornered $5Bn in 3 Years-NEITI
Nigerian National Petroleum Corporation (NNPC) has been indicted over failure to remit $4.84 billion from the Nigerian Liquefied Natural Gas (NLNG) to the Federation Account in line with statutory…
- 10 May 2015
Ajisebutu: Taciturn Giant of Telecoms Sector
Wale Ajisebutu, vice chairman and CEO, 21st Century Technologies Limited, Nigeria’s information technology powerhouse is a shining example of a superb Nigerian who has brought value, candour and…
- 25 Jun 2024
Bonny Youths Shut Down 2 Oil Companies over Alleged Neglect
Finima Youths in the Bonny Local Government Area of Rivers State on Tuesday shut down two major oil service companies: Saipem Construction Nigeria Limited and Daewoo Engineering and Construction…
- 16 Jun 2015
Buhari Queries NNPC’s Multiple Accounts
President Muhammadu Buhari was visibly angry when he revealed that the Nigerian National Petroleum Corporation (NNPC), has too many bank accounts, describing it as “improper”. Buhari said either the…
- 13 Aug 2021
Ahmed Joda, Ex-Chairman of NCC Board of Commissioners is Dead
Alhaji Ahmed Joda, former chairman of the Board of Commissioners of the Nigerian Communications Commission (NCC), is dead. Ahmed Joda Joda was also a northern elder statesman and former federal super…
- 19 Oct 2009
Shell Pens Bonga North-West Flowline, Installation Contract
Shell Nigeria Exploration and Production Company (SNEPCo) has signed a contract with Saipem Contracting Nigeria Limited for the provision of crude oil flowlines and installation of other…
- 7 Jul 2022
Afreximbank Signs Deal with UTM on Financing for Historic Floating LNG Project
African Export-Import Bank, Afreximbank, yesterday disclosed that it has executed a project preparation facility financing head of terms with UTM Offshore Limited, under which the Bank will…
- 25 Feb 2021
FG Seeks Asset Manager for N15tn Infraco Fund
Federal government plans to hire an asset manager for its new Infrastructure Development Company (Infraco), designed to raise as much as N15 trillion ($36.7 billion) for infrastructural projects and…
- 12 Mar 2013
Reps Order Arrest of NNPC Boss, Others over N142.7Bn Debt
House of Representatives Committee on Finance has said that the Nigerian National Petroleum Corporation (NNPC) owes the Federal Government N142.7 billion and that the Corporation has not shown any…
- 12 Feb 2021
FG Floats N1trn Infra-Co to Tackle Infrastructure Deficit
President Muhammadu Buhari has approved the establishment of a Public Private Partnership (PPP), styled Infrastructure company named Infra-Co with an initial seed capital of one trillion naira.…
- 10 Feb 2015
HSBC Fingers Garuba, Agom in $182m Halliburton Bribery Scandal
Leaked records from HSBC, a huge global bank based in London, has indicted chief of staff to former military Head of State, General Abdulsalami Abubakar, now retired Major General Chris Garuba, and a…
- 15 Feb 2010
Standard Alliance Life pays N4.74bn claims in 3 years
Standard Alliance Life Assurance Ltd, a member-company of Standard Alliance Group, says it has paid out N4,741,170,262.17 as maturities, value and death claims to its affected group and…
- 22 Jan 2020
DEMS Volunteers’ Applaud Ongoing Reforms in Oil and Gas Sector by Minister
The Digital Economy Media Support Volunteers, DEMS Volunteers, has commended the ongoing digital oil & gas reforms being championed by Chief Timipre Sylva, Minister of State for Petroleum…
- 12 Oct 2009
Oando, GNPC Join Hands in $1Bn Jubilee Project
Oando has been selected as a Strategic Partner to the Ghana National Petroleum Corporation (GNPC) to develop assets and infrastructure to harness the gas that will be produced from the offshore…
- 12 Oct 2009
Oando, GNPC Join Hands in $1Bn Jubilee Project
Oando has been selected as a Strategic Partner to the Ghana National Petroleum Corporation (GNPC) to develop assets and infrastructure to harness the gas that will be produced from the offshore…
- 8 Jun 2015
Buhari Reopens Halliburton Bribery Case 4 Years After
President Muhammadu Buhari has ordered the re-opening of the widely publicized Halliburton bribery case, following a request by the United States government. President Buhari has therefore directed…
- 19 Dec 2013
Vessels Above 232.33 Meters Now Visit Nigerian Ports-NPA
Larger vessels of above 232.33 meters with capacity of 4,500 TEUS requiring draught of 13.5 meters have started visiting the Nation’s seaports, according to third quarter report 2013 channel…
- 19 Jan 2009
Nigeria, UAE Sign Bilateral Agreement
Nigeria and the United Arab Emirates (UAE) have signed a Memorandum of Understanding that would see the emerging Asian tiger inject a staggering $16 billion USD direct investment into the Nigerian…