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Tag Archives: nigeria oil

French government commends President Yar’adua’s amnesty programme

The French Government has commended President Yar’Adua’s for finding a ‘negotiated solution’ to some of problems of the Niger delta through the amnesty programme offered “Niger Delta militants” A Statement ...

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Nigeria’s oil output increases

Nigeria’s oil production is now 1.7 million barrels per day up from 1.2mb/d while proven oil reserves now stand at 37 billion, says Minister of petroleum resources, Rilwan Lukman

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Oil bunkering in Ogun state, Nigeria

A TIMELY intervention  of men and Officers of the Ogun State Command of Nigeria Security  and Civil defense Corps(NSCD) have prevented  the complete vandalisation  of some  pipelines  by Oil bunkerers ...

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Nigeria: Activists warn against deregulation of Oil sector

 Nigeria News..Assemblyonline The Federal Government has been called upon to drop its plans of deregulating the Oil sector, as this will compound the social and  economic problems of the masses. ...

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Nigeria: NNPC signs $1.69b deal with Shell

The Nigerian National Petroleum Corporation (NNPC) yesterday in Abuja signed a “Modified Carry Agreement’’ to the tune of $1.69 billion with Shell Petroleum development Company, (SPDC), TOTAL and Nigeria Agip ...

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Nigeria, Oil revenues and the challenge of development

In this article, Dr Okonjo Iweala, World Bank’s Managing Director, who was Nigeria’s Finance Minister between 2003-2006 discusses how Nigeria’s Oil revenues can translate into development fortunes for the nation. ...

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Nigeria News: Nigeria does not know the volume of Oil it produces

Chairperson of the Nigeria Extractive Industries Transparency Initiative (NEITI), Professor Assisi Asobie, has revealed that the Nigeria does not know the exact volume of crude oil produced from its oil ...

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