Reps summon Buhari over alleged oil licensing fraud
The House of Representatives Committee on Petroleum Resources (Upstream) has threatened to summon President Muhammadu Buhari over the circumstances su
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The House of Representatives Committee on Petroleum Resources (Upstream) has threatened to summon President Muhammadu Buhari over the circumstances su
The Senate has begun move to resuscitate the moribund Kaztec Engineering Facility at Snake Island, Ilase, Lagos State.
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Interrogating the NNPC/Addax face-off over oil mining leases [opinion] On By Meifor Igwe IN contemporary Nigerian business context, oil mining leases are like the gold fish that cannot be hidden. And that is why oil mining leases 123, 124, 126 and 137 made headline news 23 years ago and they are back in the media space creating waves once again. They hold huge potential for Nigeria and everyone and can, therefore, not remain idle! It is a fact that in 1998, the Nigerian National Petroleum Corporation, NNPC, entered into a 20-year Production Sharing Contract, PSC, in respect of certain oil mi...
How NNPC tackled DPR, pushed Buhari to return revoked oilfields to Addax The clash is another example of how government agencies appear to work at cross purposes and succeed in having the president do their bidding. Days before the restoration of four oil mining licenses to Addax Petroleum, the Nigerian National Petroleum Corporation (NNPC) launched a blistering tackle on its sister agency, Department of Petroleum Resources, with a strong appeal to President Muhammadu Buhari to reverse DPR’s revocation of the OMLs and reject a reallocation to another company. The NNPC in a letter to the pr...