21-year-old Nigerian ‘Investment Expert’ Arrested For Investment Fraud Of Over N2B
The Special Fraud Unit, Lagos have arrested a 21-year-old Nigerian man who claims to be an “investment expert” for allegedly diverting investors’ funds worth over […]
oil and gas
Nigerian banks slash dollar-cash deposits to $5,000 monthly
Nigerian banks have reduced the amount of United States dollars customers can pay into their domiciliary accounts from the previous $10,000 to $5,000 monthly. Cryptocurrency’s […]
DPR Offers Revalidation Option For Refinery Licences
Relief may have come for holders of expired refinery licences as the Department of Petroleum Resources (DPR) on Tuesday said companies whose refinery project licences […]
Global Spectrum Energy Services Earns ‘Bbb’ Stable Outlook Rating – Agusto
Global Spectrum Energy Services Plc has earned a ‘Bbb‘ rating from Agusto & Co., a leading rating agency in the country. GSES is one of […]
Petroleum marketers threaten shut down over govt agreement renege
The Independent Petroleum Marketers Association (IPMAN), Enugu Depot Community has threatened to shutdown services over Anambra state government’s “intentional renege” on its promise to one […]
Anxiety in Bayelsa as ex-militants blow up Agip pipeline
There is apprehension in Bayelsa State over Tuesday attack on a Nigerian Agip Oil Company (NAOC) oil pipeline at Egbemoru community in Southern Ijaw Local […]
Niger Delta militants ask governors to account for N55trn of 15% derivation allocation
A coalition of militants in the Niger Delta, under the aegis of the Reformed Niger Delta Avengers (RNDA), has urged Niger Delta governors to account […]
Marketers raise petrol price to N170, depots suffer shortage
Fuel marketers have started adjusting their petrol pump prices amid the supply shortage facing private depots in Apapa. Our correspondent observed that some filling stations […]
UPDATED: N69.4bn ‘debt’: Jimoh Ibrahim fails to vacate order on seized assets
A Federal High Court (FHC) in Lagos Tuesday declined to vacate an interim order through which the Asset Management Corporation of Nigeria (AMCON) seized properties […]
PIB will bring investment into the oil and gas sector – Senator Ekpenyong
By Chibuike Nwabuko Abuja (Sundiata Post) – The Senator representing Akwa Ibom North West, Christopher Ekpenyong has expressed delight that the Petroleum Industry Bill, PIB […]
NPDC, Largest Gas Supplier To Domestic Market – MD
The Managing Director of the Nigerian Petroleum Development Company (NPDC), Mr Mansur Sambo, says the company is the largest supplier of the domestic gas in […]
Oil Sector’ll Face Prolonged Reduced Demand – Fed Govt
The oil and gas sector is going to face a substantially reduced demand for a prolonged period as its recovery is not likely any time […]
NNPC Targets N11trn Revenue For 2021, $14bn Industry Spending
The Nigerian National Petroleum Corporation plans to generate N11.39tn revenue in 2021, while projecting an increase in oil and gas output and sales between 2021 […]
Insurers Losing Oil, Gas Premiums To Foreigners – NAICOM
The Commissioner for Insurance, Mr Sunday Thomas, has said the essence of the local content law is not being realised in the insurance sector because […]
Massive oil spill in Bayelsa pollutes creeks, communities
Massive oil spill has occurred in Bayelsa State polluting creeks and communities, it has been learnt. It was learnt that the spill which occurred on […]
Jimoh lbrahim, NICON Investment Tackle AMCON
NICON Investment and billionaire businessman Jimoh lbrahim are set to approach the court for an order quashing the interim injunction obtained by AMCON against them. […]
Loan-to-Deposit Ratio: CBN counts success as policy clocks one year
Abuja (Sundiata Post) – There are indications that the current Loan-to-Deposit Ratio, LDR, policy of the Central Bank of Nigeria, CBN, is turning positive despite […]
NLNG Targets 450,000MT LPG Supply To Nigerian Market 2021
The Nigeria Liquefied Natural Gas (NLNG) Limited says it will increase its allocation of Liquefied Petroleum Gas (LPG) to the domestic market from 350, 000MT […]
NNPC Boosts Power Generation by 2,538MW in August • Posts $139.50M Crude Oil & Gas Export Sales
The Nigerian National Petroleum Corporation (NNPC) has said that it supplied 727 Million Standard Cubic Feet per day (mmscfd) of natural gas for power generation […]
‘We have no excuse’ — El-Rufai insists it’s time to restructure Nigeria
Abuja (Sundiata Post) – Nasir el-Rufai, governor of Kaduna, says it is time to restructure Nigeria in order to ensure equitable distribution of resources. Speaking […]