Page 2 - Michael Eboh News Today : Breaking News, Live Updates & Top Stories | Vimarsana

…Clarify Derivation Act to stop mismanagement, FG told By Michael Eboh Eight oil-producing states received N6.589 trillion from the Federation Account under the 13 per cent derivation principle, between 2009 and 2019, with little or no impact on the lives of citizens of the states, according to a report published by ACIOE Associates. The report, obtained yesterday, following its release, at a webinar in Abuja, to key officers of the National Assembly and aides to the president and minister of Niger Delta Affairs, listed the states as Abia, Akwa-Ibom, Bayelsa, Delta, Edo, Imo, Ondo and River...

FG to launch centre to drive cost efficiency, others in oil sector On By Michael Eboh The Department of Petroleum Resources, DPR, Monday, disclosed that the National Oil and Gas Excellence Centre, NOGEC, designed to drive the three-pronged objectives of safety, value and cost efficiency in the petroleum industry, would be launched, January 21, 2021, by President Muhammadu Buhari. In a statement by Head, Public Affairs of the DPR, Mr. Paul Osu, the NOGEC would be inaugurated virtually by the president, as part of efforts to boost the operations of the country’s petroleum industry and force ...

Vanguard News NEITI clears NNPC, says 11 audit issues resolved On By Michael Eboh The Nigeria Extractive Industries Transparency Initiative, NEITI, yesterday, disclosed that 11 out of the 20 audit issues raised against the Nigerian National Petroleum Corporation, NNPC, in its past audit reports have been resolved. In a statement in Abuja, NEITI, also noted that eight other issues in its past audit reports against the NNPC were currently being resolved, while only one issue was yet to be resolved. The unresolved issue, according to NEITI, is the status of the Nigerian Liquefied Natural Gas’...

  Nigeria’s petroleum industry regulator, the Department of Petroleum Resources, DPR, yesterday, assured of petroleum products’ availability and stable fuel supply in the country during the period of the yuletide. In a statement in Abuja, the DPR also cautioned oil marketers against engaging in sharp practices that are capable of distorting product supply. The DPR stated that there are sufficient petroleum products nationwide, while it also advised petroleum products, marketers, against hoarding and creating artificial scarcity of the commodity. The apex petroleum industry regulator prom...

Vanguard bags two awards at NMMA On VANGUARD newspapers won two prizes at the Nigeria Media Merit Awards, NMMA, in Lagos, weekend. The first prize was in the political reporter of the year category, won by Clifford Ndujihe, with his entry on ‘Nigeria spends N2 trillion on NASS in 21 years.’ The second prize went to Michael Eboh, with his entry on ‘Petrol smugglers lose big’ in the Energy Correspondent of the year category. Overall, Vanguard had eight nominations. These include Akeem Salau in the news photographer of the year category and Babajide Komolafe in the capital market report...