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Nigeria is seeking documents from 10 banks, including Citigroup Inc. and JPMorgan Chase & Co., in a bid to overturn a $9.6 billion arbitration award related to a business deal that the country contends is shrouded in allegations of…
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*The virus has already killed a man from Yunnan Province. Hantavirus is spread mainly by rodents While the world is still battling with Coronavirus, another deadly virus, Orthohantavirus popularly referred to as Hantavirus, has…
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-By Gideon Osaka The Organisation of Petroleum Exporting Countries, OPEC+ is expected to adjust its output target and redistribute production cuts between its members as a result of pressure from Saudi Arabia, which has long carried an…
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After over a year of forensic audit, the Securities and Exchange Commission (SEC) has concluded investigation of Oando Plc and barred the Group Chief Executive Officer, Mr Wale Tinubu , from being a director of a public company for five…
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The Nigerian National Petroleum Corporation (NNPC) yesterday indicated it would be willing to accept technical assistance from India to repair its refineries in Kaduna, Warri, and Port Harcourt, which have a collective processing capacity…
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Minister of State for Petroleum Resources Ibe Kachikwu says the Federal Government, through automation initiatives by the Department of Petroleum Resources (DPR), has realized over N1.66 trillion from royalties and renewal of oil…
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Nigeria has set January 31, 2019 target to scale up oil production to 1.83 million barrels per day.Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, who stated this in a document sighted by New Telegraph at the weekend, premised…
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Eland oil and gas Plc, is hopeful that the Gbetiokun is expected to yield 15,000 barrels of oil per day, bopd from its early production system. The company’s chief executive, George Maxwell said, the Gbetiokun field has the potential to…
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...Being a lecture delivered in Angola by OPEC Secretary-General, Dr. Mohammed Sanusi Barkindo It is both a pleasure and privilege to be in the great nation of Angola this morning. Angolan hospitality is world-renowned, and my team and…
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Oil cargoes departing from Nigeria to the United States fell to 103,000 bpd in December, down by 48,000 bpd, new data show. Generally exports by OPEC nations to the US fell to 1.63 million barrels per day (bpd), down from 1.80 million…
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