Oando Shareholders seek accelerated investigation as  Johannesburg Stock Exchange suspend firm

Oando Shareholders seek accelerated investigation as Johannesburg Stock Exchange suspend firm

Shareholders of Oando Plc on Thursday commended the resolve of Securities and Exchange Commission (SEC) to investigate allegation leveled against management of the company.   Meanwhile, the Johannesburg Stock Exchange (JSE) on Thursday suspended trading in the shares of the...
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Sec probes  Oando,  shares on technical suspension

Sec probes Oando, shares on technical suspension

The crisis rocking Oando plc on Wednesday assumed a new dimension as the Secirities and Exchange Commission (SEC) directed the Nigerian Stock Exchange (NSE) to place the shares on technical suspension effective from October 20, 2017.   Under the arrangement,....
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INTELS: NPA frustrated attempts to resolve TSA logjam

INTELS: NPA frustrated attempts to resolve TSA logjam

The management of Nigeria’s oil and gas logistics giant, INTELS Nigeria Limited says the present management of Nigerian Ports Authority (NPA) deliberately frustrated attempts to address the issues raised by introduction of the Treasury Single Account (TSA) i...
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NLNG demands $315m judgment debt from NIMASA

NLNG demands $315m judgment debt from NIMASA

The Management of Nigeria LNG (NLNG) has formally issued a demand notice for the sum of $315,598,823.29 judgment debt to the Nigerian Maritime Administration and Safety Agency (NIMASA).   According to NLNG, the sum represents the payments made under protest.....
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Chevron to deliver LNG to customers in Asia

Chevron to deliver LNG to customers in Asia

 Chevron  has started producing liquefied natural gas (LNG) at the Wheatstone project in Western Australia.    According to Offshore Magazine, the first cargo is on track to be shipped in the coming weeks. At full capacity, the Wheatstone project’s t...
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Baru reiterates commitment to consolidate NNPC, trading company to efficiency, profitability

Baru reiterates commitment to consolidate NNPC, trading company to efficiency, profitability

 The Group Managing Director (GMD) of Nigeria National Petroleum Corporation (NNPC), Dr. Maikanti Baru has reaffirmed his commitment to consolidate the NNPC group, especially its trading arm for efficiency and profitability.    Since assuming duty, Dr. Baru...
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Oando shareholders protest in Ibadan, demand Wale Tinubu’s Sack

Oando shareholders protest in Ibadan, demand Wale Tinubu’s Sack

Shareholders of Oando Plc from South Western States stormed Ibadan, Oyo state capital on Tuesday, protesting alleged N263billion liability of the company which the Auditors report claimed is making “Oando Plc no longer a going concern”.   Convergi...
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NLNG, FG, JBN sign N120b Bonny-Bodo road project agreement

NLNG, FG, JBN sign N120b Bonny-Bodo road project agreement

The construction of Bonny Island–Bodo road in Rivers State came closer to actualisation on Wednesday as Nigeria LNG Limited (NLNG) signed a tripartite agreement in Abuja with the Federal Government, represented by the Ministry of Power, Works and Housing, an...
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Nigeria defers 700,000bpd of crude oil due to pipeline vandalism

Nigeria defers 700,000bpd of crude oil due to pipeline vandalism

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has said that an average of 700,000bpd of crude oil was deferred in 2016 due to pipeline sabotage, saying this brought Nigeria’s production down to as...
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NNPC to tackle corruption with anti-fraud training for Staff

NNPC to tackle corruption with anti-fraud training for Staff

The Nigerian National Petroleum Corporation (NNPC) will equip 50 per cent of its work force with requisite knowledge on how to identify and examine fraud as part of measures to stamp out corruption from its system. The Group Managing Director...
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‘NNPC mega, affiliate stations are selling product for N143 per litre’

‘NNPC mega, affiliate stations are selling product for N143 per litre’

The sustained strategic intervention of the Nigerian National Petroleum Corporation (NNPC) in the efficient supply and distribution petroleum products has led to significant fall in the prices of Premium Motor Spirit (PMS), also known as petrol, and Liquefied ...
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