The Nigerian government has arraigned a British national, Mr James Nolan, before an Abuja Federal High Court on charges of complicity in the failed gas deal involving an Irish firm, Process and Industrial Development (P&ID), and their Nigerian associates.

Earlier on, a tribunal made up of Lord Hoffman (the presiding…

Shell has granted $1.7 million to six companies providing electricity in Nigeria, India, Kenya, Sierra Leone, Tanzania, and Uganda to support customers in financial difficulty because of the pandemic.

The grants made to the companies, of which Shell is a minority investor in them, D.light, PowerGen, Husk Power Systems, Orb…

The Minister of Power, Engr Sale Mamman, has said that Nigeria targets that the 132, 33 kilovolts (KV) Kabba Transmission substation in Kogi State would be ready by December 2020.

He explained that the station will improve electricity transmission and distribution in the environ for over 19,200 homes.

OPEC and its allies have achieved the oil-market equivalent of a high-wire act: increasing supply even as demand remains depleted, without crashing prices. But whether they can successfully continue the balancing act is unclear, World Oil reported last weekend.

The report said a coalition of producers led by Saudi Arabia…

Nigerian Electricity Regulatory Commission (NERC) has revealed that DisCos, created a total deficit of N464.3 billion in 2018 in payment for energy received.

According to NERC, out of a total invoice of N671 billion for energy received from Nigerian Bulk Electricity Trading Plc (NBET) for services provided by Market Operators,…

Shell Companies in Nigeria employees have launched free feeding programme in COVID-19 isolation centres in seven states under the Shell Employee Care Programme.

The programme kicked off in Abia, Bayelsa, Delta, Imo, Lagos, Ogun and Rivers. The feeding programme was being funded from personal donations by staff and contractors of…

The Lagos Deep Offshore Logistics Base (LADOL Free Zone) has refuted allegations that it was shortchanging the Nigerian government on the much needed investments and revenues at the free zone.
LADOL had been accused of instituting exorbitant rates of which stakeholders complained that the development was affecting business investments in the zone. Describing…

Lagos based, Japaul Oil & Maritime Services Plc, a Nigerian petroleum-services company, is shopping for N27 billion ($70 million) in a share offer in November to fund its switch to mining, as crude exploration and production activities wane.

Bloomberg said in a report yesterday that outside the funding challenge, Japaul…

Egypt would likely renew its Iraq oil supply contract which expires in the coming days. Agence Ecofin said in a report that Cairo may renew the contract for a period of six months.

The current contract was signed for the first time in 2017 when Egypt’s traditional supplier, Saudi Arabia,…

The Nigerian government resolved to end the era of bitumen importation into the country.

It has therefore approved for investments by manufacturers in bitumen production. The approval, it was learnt, covered other construction products and materials used in road construction.

The approval was secured at the Federal…