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FG Set For Port Concession Renewal in 45 Days

The Federal Government has said that it has concluded plans for the renewal of the port concession agreement within the next 45 days. The Minister of Transportation, Mu’azu Sambo, said this on Friday while on an inspection tour at Apapa and Tin Can…
14/08/2022 0Comments

NNPC Launches App to Check Crude Oil Theft

The Nigerian National Petroleum Company Limited on Friday launched an applications platform to monitor crude oil theft in the country. The company launched the app in Abuja at the signing of renewed Production Sharing Contracts (PSCs) agreements between NNPC and its partners in oil mining…
14/08/2022 0Comments

NNPC, IOCs Sign Agreements to Generate $500bn Revenue

The Nigerian National Petroleum Company Limited and international oil companies operating in Nigeria, on Friday, signed various agreements that would ensure the production of about 10 billion barrels of crude oil and generate over $500bn revenue to all parties involved. NNPC officials and…
13/08/2022 0Comments

5% Tax: Telecoms Consumers Threaten Court Action

Telecommunication subscribers, under the aegis of the National Association of Telecoms Subscribers, have vowed  to challenge the legitimacy of the proposed five per cent excise duty on telecoms services in court. According to them, the excise duty on telecom services, which would translate…
13/08/2022 0Comments

Controversy as Seplat Denies ExxonMobil Deal Cancellation

Seplat Energy, on Thursday, said it had not received any official notification from the Federal Government reversing its proposed acquisition of the entire share capital of Mobil Producing Nigeria Unlimited. The company also said it was seeking clarification from relevant authorities regarding the…
12/08/2022 0Comments

Nigeria Loses N101bn Worth of Oil, says OPEC

Nigeria’s crude oil production plunged by 2.3 million barrels in July 2022 when compared to what the country produced in the preceding month of June, data from the Organisation of Petroleum Exporting Countries showed on Thursday. In its latest Monthly Oil Market Report…
12/08/2022 0Comments

Power Generation Exceeds 4,000MW, FG to Add 204MW

Power generation on the national grid crossed 4,000 megawatts at 6am on Wednesday as the Federal Government announced that it had commenced the construction of transmission lines and substations to add 204MW to the grid. Data obtained from the Federal Ministry of Power…
11/08/2022 0Comments
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