Climate change tops $0.1m NLNG Prize for Science contest

Twenty-nine scientists are set to find solution to erosion, droughts and desertification plaguing various parts of the country in this year’s Nigeria Prize for Science sponsored by Nigeria Liquefied Natural Gas Limited (NLNG).   The science prize first awarded in 2004 is worth $100,000.   Details of the contest were revealed during the handover of […]

Why we retired 11 staff, top management in fresh shake-up –NNPC

The Nigerian National Petroleum Corporation (NNPC) yesterday explained why it retired 11 senior staff and carried out a major shake-up affecting 19 members of the top echelon of the national oil company.  Spokesman of NNPC, Ndu Ughamadu, in a statement said the exercise was a routine, proactive backfill exercise meant to bridge the gap that […]

Nigeria’s oil exports threatened as fire hits 250,000bpd pipeline

The nation’s crude oil exports have suffered a fresh setback following a fire outbreak on the Trans Forcados Pipeline, one of the nation’s key export routes.   One of our correspondents learnt that the fire occurred late Sunday evening on a section of the pipeline that was undergoing repairs.   It was also gathered that […]

Oil production to begin in Ogoni by October

Amid resistance, crude oil production will commence in Ogoni area of OML 11, as the Presidency recently directed the Nigerian National Petroleum Corporation/Nigerian Petroleum Development Company (NPDC) to takeover operations from Shell. The Ogoni re-entry plan, which the Movement of the Survival of the Ogoni Peoples, activists and elders vowed to resist, will be funded […]

NNPC to inaugurate largest LPG storage in Benin

The Nigerian National Petroleum Corporation (NNPC) says it will unveil the largest Liquefied Petroleum Gas (LPG) also known as cooking gas and Propane Storage and dispensing facility in Oredo, Benin City.   The Corporation disclosed this in a statement by its spokesman, Mr Ndu Ughamadu, in Abuja on Sunday.   He said the corporation with […]

Elders Caution Buhari Over Resumption of Oil Production in Ogoni

Elders under the aegis of Gbo Kaabari Ogoni have petitioned President Muhammadu Buhari to halt the resumption of oil and gas production in their area to avert bloodbath.   The group’s chairman and secretary, Senator Bennett Birabi and Dr. Desmond Nbete, warned the president that the ongoing activities of the Nigerian Petroleum Development Company (NPDC) […]

Invest $17bn yearly to increase oil reserves, Aye tells FG, others

Nigeria has been tasked to invest at least $17 billion yearly in order to make new oil and gas finds, targeted at increasing production capacity.       In his recent presentation at the Nigeria Natural Resource Charter, NNRC forum in Lagos, Mr. Israel Aye, Senior partner, Commercial Transactions, Primera Africa, stated: “At 3 million […]

FG in court filings says ex-president and his oil minister took bribes

The Nigerian government has accused former President Goodluck Jonathan and his then oil minister of accepting bribes and breaking the country’s laws to broker a $1.3 billion oil deal eight years ago, a London court filing shows.   The deal, in which Anglo-Dutch company Royal Dutch Shell and Italian peer Eni jointly acquired the rights […]

Stop depending on oil, explore, recreate other sectors – Marketer tell Nigerian govt

Nigerian Government has been called upon to start working towards harnessing potentials of other sectors beyond crude oil because of emerging trends.   In exploring the non-oil sector, Nigerians and government must take steps to re-value and recreate the Nigerian brand to become attractive for foreign investors and buyers.   President of the National Institute […]