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Lagos, South Africa and New York
Wednesday, June 3, 2020

Nigeria’s military destroys 13 illegal oil refineries

YENAGOA, Nigeria, April 13 (Reuters) - Nigeria's military said on Thursday that it had destroyed 13 illegal refineries in the restive Niger Delta oil hub, in an operation in which two soldiers died in clashes with "sea robbers". Military authorities say there are hundreds of...

NNPC to commercialize communication network, to partner Communication Ministry on ICT

The Nigerian National Petroleum Corporation (NNPC) will commercialise some of its critical Information Communications & Technology (ICT) infrastructure in line with its bid to re-focus the Corporation as a commercially viable entity. The Group Managing Director of the Corporation, Dr. Maikanti Baru, made this known...

Nigeria’s NNPC reports trading losses, boost refining capacity by 29%

The Nigerian National Petroleum Corporation (NNPC) has reported a reduced trading deficit on its operations for the month of January 2017, noting that its deficits came down to N14.26 billion from the N17.01 billion its recorded in December 2016. The corporation also noted that the...

Malabu seeks court’s order to suspend $13.5bn Zabazaba Deep water project deal

ABUJA – The Federal High Court in Abuja, on Tuesday, fixed May 18 to hear a motion seeking to stop the Federal Government from entering into any Final Investment Decision (F.I.D) Agreement with any person in respect of Zabazaba Deep water project located within...

Leaked emails increase pressure on Shell over Nigerian oil deal

Earlier in the day, Dutch investigators paid an unexpected visit to Shell’s headquarters in The Hague in connection with a $1.3bn deal in 2011 involving a Nigerian oil licence called OPL 245. “Apparently they have been in my office for about three or four...

Esther Ogbue’s fate lies with NNPC board over N14bn Missing Petrol

The Media is buzzing in anticipation of the Nigerian National Petroleum Corporation, NNPC, board’s decision on a panel recommendation to relieve the Managing Director of the NNPC Retail, Esther Nnamdi-Ogbue; the General Manager (Operations) of NNPC Retail, Mamza Gwadabe and two others of their...

Shell says it knew some payments for Nigeria oilfield would go to Malabu

By Libby George LONDON  - Royal Dutch Shell has said it knew that some of the payments it made to Nigeria for the rights to an oilfield would go to Malabu Oil and Gas, a company associated with a former Nigerian oil minister and convicted...

Fuel queues resurface in Abuja as NNPC calls for calm

Long queues of anxious motorists outside filling stations resurfaced in the Federal Capital Territory, FCT, on Monday. The queues were noticed outside the NNPC mega station, Forte Oil and Oando filling stations in the Central Business District as well as the Conoil and Total filling...

$100m unexplained Nigerian payment focus of Addax corruption probe

Lagos — Unexplained payments in Nigeria exceeding $100 million are the main focus of ongoing investigations by the Switzerland authorities into allegations of corruption in the operations of Addax Petroleum. SweetcrudeReports gathered that Deloitte LLP, a firm of auditors handed in their resignation from the...

Nigeria’s Mosimi oil depot resumes loading after almost one year

ABUJA, April 10  - Nigeria's Mosimi oil depot has resumed loading after almost a year, when a major pipeline was vandalised last May, the state oil company said on Monday. The resumption of loading could help the Nigerian National Petroleum Corporation (NNPC) cut losses that...