Oil prices were steady on Friday, with crude benchmarks poised for multi-week gains, amid a sharp drawdown in U.S. crude inventories, while trade tensions eased after Washington and Beijing agreed to hold high-level talks next month. Brent crude was up six cents at 61.01 dollars a barrel by 0339 GMT, while U.S. West Texas Intermediate…
Economic and Financial Crimes Commission (EFCC) Port Harcourt Zonal Office, says it has commenced investigation of 58 suspected oil thieves allegedly involved in illegal oil bunkering. The EFCC on its website said the suspects and vessels were handed over to the EFCC by the Nigerian Navy Ship (NNS) Pathfinder for further investigation and possible prosecution….
The Eko Electricity Distribution Company Plc (EKEDC), says it is partnering with the Lagos State Building Control Agency (LASBCA) to remove all illegal structures erected by consumers on its Right of Way (RoW). The EKEDC Chief Executive Officer, Mr Adeoye Fadeyibi, made this known on Friday at the Customers’ Consultative Town Hall meeting with electricity…
Minister of Environment, Mohammad Mahmoud Abubakar, promised to ensure a comprehensive clean-up of Ogoniland in the Niger Delta region. The minister made the submission in Abuja on Friday, September 6, 2019 at the Joint Meeting of the Government Council (GC) and Board of Trustees of the Hydrocarbon Pollution Remediation Project (HYPREP) in his remark after assuming the chairmanship position of the HYPREP Governing…
The Federal Government on Thursday reiterated its commitment to ensure that Ogoni-clean-up project was effectively implemented. Dr Mohammad Abubakar, the Minister of Environment said this at a joint meeting of Governing Council and Board of Trustees (BoTs) of the Hydrocarbon Pollution Remediation Project, in Abuja. Abubakar, who was also the Chairman of the BoTs said…
The Benin Electricity and Distribution Company (BEDC) has been petitioned by an electricity consumer, Mr Shaibu Abraham, for illegal disconnection and demanding gratification by an official of the utility company in the Edo capital. In a petition dated Sept. 4, 2019 which was obtained in Benin on Thursday, the petitioner, through his lawyer, Douglas Ogbangwa…
Chevron Nigeria says it will continue to drive sustainable socio-economic development through its interventions in critical sectors of the country. Brikinn Esimaje, Chevron General Manager, Policy, Government and Public Affairs, said this during the September Breakfast Meeting of the Nigerian-American Chamber of Commerce (NACC) on Thursday in Lagos. The meeting was themed: “Strategic Social Investment:…
Oil slipped toward 60 dollars a barrel on Thursday after a report showed U.S. crude inventories rose unexpectedly, although hopes of progress in resolving the U.S.-China trade row lent support. The American Petroleum Institute (API), an industry group, on Wednesday said U.S. crude stockpiles rose by 400,000 barrels last week, while analysts had expected a…
Alhaji Yusuf Bichi, the Director-General, Department of State Services (DSS), on Thursday pledged to support the Nigerian National Petroleum Corporation (NNPC) to protect the corporation’s critical assets. Dr Peter Afunanya, the Public Relations Officer of the DSS in a statement in Abuja said Bichi disclosed this during a courtesy visit by the management team of…
The Nigerian National Petroleum Corporation (NNPC) says it will grow the domestic gas use in-country to five billion cubic feet of gas per day from its current 1.7 billion cubic feet of gas per day by 2022. Chief Operating Officer, Gas and Power, Mr Yusuf Usman, made this known while delivering a paper at the…
