Damilola Shittu – Abuja The Nigerian National Petroleum Corporation (NNPC) has vowed that none of its funds in a commercial bank will be subjected to the payment of five per cent to any whistle-blower. Hinting at a possible move by a whistle-blower to claim five per cent of funds allegedly stashed and recovered from secret…
The Management of the Nigerian National Petroleum Corporation (NNPC) on Friday said it does not run any opaque account with the commercial banks and there was neither $470.5m or N8billion of its money hidden anywhere. The state oil company was reacting that a sensational report by the Inspector General of Police, Ibrahim Idris that its…
Total has finalized the acquisition of G2mobility, a French leading provider of electric vehicle charging solutions. With this deal, Total is accelerating the growth of its electric vehicle charging businesses, from designing smart charging stations to optimizing energy usage management and selling integrated services. A pioneer in the sector since 2009, G2mobility has developed and…
The Nigerian Police Force announced today that it was able to trace $470.5million belonging to the Nigerian National Petoleum Corporation (NNPC) Brass LNG squirrelled away in some accounts in some commercial banks in Nigeria. The News Agency of Nigeria (NAN) has reported. Even more stunning, the police also said they traced another N8,807,264,834.96, belonging to…
Speaking at the International Atomic Energy conference in Vienna, Austria, Simon Giu D’Ujanga, Uganda’s State minister for energy said the east African country is prepared to start the development of nuclear energy. According to the Monitor, D’Ujanga said the east African country has a strong case for the development of nuclear power as the demand…
By Energy Worth Eko Electricity Distribution Company (EKEDC) says its on-going power project expansion will up supply to residents of Oniru, Maroko and Lekki environs within its network. The 20 megawatts project, the General Manager, Communications, EKEDC , Godwin Idemudia, said, will be completed within a mouth as part of the company’s aggressive approach to…
By Nick Cunningham It’s about that time again. WTI hits $70 per barrel and the tweet-rage is back. We protect the countries of the Middle East, they would not be safe for very long without us, and yet they continue to push for higher and higher oil prices! We will remember. The OPEC monopoly must…
A Milan judge on Thursday sentenced two men to four years in prison in the first ruling of a corruption case involving oil giants Eni and Shell in Nigeria, a judicial source said. The judge also ordered the seizure of millions of dollars and Swiss francs from the pair, who acted as go-betweens in the…
In its determination to invest in research and development of long-term solutions to reduce greenhouse gas emissions, ExxonMobil has announced that it will join the Oil and Gas Climate Initiative (OGCI), a voluntary initiative representing 13 of the world’s largest oil and gas producers working collaboratively toward solutions to mitigate the risks of climate change….
In continuation of the interview last week with Ehiedu Iweriebor , a professor at the Department of Africana and Puerto Rican/Latino Studies, Hunter College, The City University of New York. He spoke on the need for the Federal Government to formulate policies that would promote crude oil refining in Nigeria, in a bid to attract…
