Daily Archives: August 31, 2018

House Committee Blames DPR for Loss of $21bn

The House of Representatives ad hoc Committee investigating alleged loss of $21 billion by Nigeria to expired agreements on Production Sharing Contracts (PSCs) with the international oil companies (IOCs) has blamed the Department of Petroleum Resources (DPR) for failing to renegotiate the terms of the contracts when they were due as provided in the agreements. […]

FG Condemns Hate Speech, Decries Crude Oil Pipeline Vandalism

As the 2019 elections approach, the federal government thursday condemned hate speech and cautioned political gladiators against plunging Nigeria into uncontrollable crisis through the use of provocative comments.   It also decried the recent spate of oil pipeline vandalism, illegal oil bunkering and oil theft, which it claimed, had put the Nigerian economy in dire […]