The Federation Account Allocation Committee (FAAC) meeting scheduled to hold on Wednesday was postponed due to alleged underpayment into the federation account by the Nigerian National Petroleum Corporation (NNPC). The News Agency of Nigeria (NAN) has reported. Mr Mahmoud Yunusa, Chairman, Forum of Finance Commissioners of FAAC, who disclosed this to newsmen in Abuja,…
The National Association of Nigerian Students (NANS), and the National Union of Petroleum and Natural Gas (NUPENG) have disclosed that the Federal University of Petroleum Resources (FUPRE) in Delta State is being under-funded by the Federal Government. The Zone B coordinator of NANS, Okereke Godson, declared this yesterday after a meeting with the Vice Chancellor,…
Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, today announces the final investment decision for Vito, a deepwater development in the U.S. Gulf of Mexico with a forward-looking, break-even price estimated to be less than $35/bbl. This decision sets in motion the construction and fabrication of a new, simplified host design and…
Energy Worth with Agency Report Landlords and tenants of Alaba Oro, Mosafejo Amukoko, Abule Kere and Olaniyonu communities in Lagos, instituted a N50m suit against the Nigerian Electricity Regulatory Commission (NERC) and Eko Electricity Distribution Company PLC over estimated electricity billing. The News Agency of Nigeria (NAN) has reported. Raji Yusuf Olatunji, Omololu Sulaiman, Muritala…
