Tag: Crude Oil
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I’m ready for $2.4 billion oil probe – AGF Malami
The Attorney General of the Federation (AGF), Mr Abubakar Malami, has indicated readiness to appear before the House of Reps adhoc committee investigating alleged loss of over $2.4 billion unremitted oil revenue.
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NNPC Ltd. to begin oil drilling in Nasarawa State March 21
The Nigeria National Petroleum Company Limited (NNPC Ltd) will begin drilling of the first oil well in Obi/Keana Nasarawa State on March 21.
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We are not on a ”witch hunting” mission, Lawmaker tells INTERPOL chief
The House of Representatives ad hoc committee investigating the alleged illegal sales of 48 million barrels of Nigeria’s Bonny Light crude in China in 2015 says it is not on a ”witch hunting” mission. Rep. Mark Gbillah, Chairman of ad hoc committee,
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Reps vow to probe, expose loss of $2.4bn alleged sale of 48m crude oil barrels
The House of Representatives has vowed to probe and expose the circumstances which led to the loss of over $2.4 billion revenue from the alleged illegal sale of 48 million barrels of crude oil exported in 2015. The House of Representatives ad-hoc committee investigating the “Alleged Loss Of Over $2.4bn From Illegal Crude Sales In…
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Oil theft: Nigerian Army recovers 445,000 litres of crude oil
The Nigerian Defence Headquarters says it has recovered 445,000 litres of crude oil, 1.04 million litres of Automotive Gas Oil, 22,000 litres of Premium Motor Spirit (PMS) and 2,000 litres of Dual Purpose Kerosine from oil thieves in the Niger-Delta region. Director of Defence Media Operations, Maj.-Gen. Musa Danmadami, who disclosed this on Thursday while…
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‘How crude oil refining in PH refinery will reduce pump price’
The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA ) says resupmtion of crude oil refining in the Port Harcourt Refinery Company will reduce pump price.
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2023: I’ll name, shame oil thieves as president – Atiku
Candidate of the People’s Democratic Party (PDP) for the 2023 presidential election, Atiku Abubakar has said there will be no hiding place for oil thieves and their accomplices if he becomes president.
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TNG Deal Breakers: Navigating Inland with Ships of Destiny: The Cabotage Transition
For decades now most Nigerian maritime experts have been worried over the absence or abysmally low capacity of indigenous players in the maritime sector given the fact that more than 80% of Nigeria’s economy is dependent on maritime activities. The crude oil and the import and export trades are sea-bound activities.
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Productive people in a productive country – By Dakuku Peterside
Recently, I was opportuned to listen to a presentation titled “Nigeria’s Economic Prospects” by one of Nigeria’s foremost Economists, Dr Ayo Teriba. He articulated Nigeria’s current economic woes and situated them in the global context of Post COVID era, European geopolitical tensions, and the resulting energy and commodity price crises. His overarching arguments and postulations…
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Crude oil production: Angola, Libya maintain lead over Nigeria
Angola and Libya have for the second consecutive month maintained their lead over Nigeria as Africa’s highest crude oil producers, according to a report by the Organisation of the Petroleum Exporting Countries (OPEC).