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Attorney-General of the Federation and Minister of Justice, Mr Lateef Fagbemi, says the resolution of the dispute surrounding oil prospecting licence (OPL) 245 will help reposition Nigeria’s economy and enhance the country’s fiscal strength. A statement issued on Sunday by Presidential Spokeman, Mr Bayo Onanuga, said the minister spoke after the signing of the legal […]
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CHIEF executive officer of the Nigerian National Petroleum Company (NNPC) Limited, Mr Bayo Ojulari, says Nigeria’s state-owned refineries collapsed not because of a lack of funding or contractors, but because the company failed to prioritise how the plants would actually be run. Speaking at the recently concluded Nigerian International Energy Summit (NIES), Mr Ojulari said […]
SHELL’s proposed $20 billion investment in Nigeria’s offshore oil sector represents one of the most significant foreign capital commitments to the country in recent years and a strong endorsement of the federal government’s ongoing economic and energy reforms, analysts have said. The investment, anchored on the Bonga South West deepwater project, comes at a critical […]