Monday 18th February 2019
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Business

Group asks court to order government to provide free, pre-paid meters to all Nigerians

Babatunde-Fashola

The Socio-Economic Rights and Accountability Project (SERAP) has sued the Federal Government and the Minister of Power, Works and Housing, Babatunde Fashola, over “their collective failure, refusal and/or negligence toenforce their own directives to electricity distribution companies (DISCOs) to provide free pre-paid meters to all Nigerians and end the use of patently illegal, arbitrary, unfair and discriminatory estimated billing across the ...

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Nigeria earned $590bn from petroleum sector in 15 years, says transparency agency

Waziri Adio

The Nigeria Extractive Industries Transparency Initiative (NEITI) has called for closer partnership with the civil society to enable it implement remedial issues contained in its reports of the oil and gas industry. The Executive Secretary of NEITI, Waziri Adio, made the call in Abuja at a special workshop by Publish What You Pay, a leading civil society organisation working in ...

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The Eagle Online is back

Dotun Oladipo

The Eagle Online, a web-based newspaper published by Premium Eagle Media Limited, took a break to enable it change its host and put in place a new theme, both of which have been fully accomplished. Some of those who have visited the news website since it was reactivated have described it as reader friendly and fast on both handheld devices ...

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Shell inducts top-performing students into mentorship programme

Shell-students

Beneficiaries of The Shell Petroleum Development Company (SPDC) Joint Venture undergraduate scholarship who have consistently earned excellent grades have been inducted into a new mentorship programme aimed at grooming them for entry into the oil and gas industry and motivating them to maintain their top academic performance. “Our ‘Shell Meet Scholars’ programme is an extension of our joint venture’s education initiative for ...

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Shell’s Bonga oil field delivers 702m oil barrels in 12 years

SNEPCo-Shell

The Bonga oil field has produced about 702 million barrels of oil since inauguration in 2005, and operated at more than 92 percent availability in 2016, Managing Director of the oil field operator, Shell Nigeria Exploration and Production Company (SNEPCo), Bayo Ojulari, has said. The volumes came from the Bonga main field and Bonga Phases 2 and 3 that unlocked ...

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The Eagle Online announces short break for better service

Dotun Oladipo

The Management of The Eagle Online has announced a short break in its online news service. According to the management, the break is to allow for a change of its host. In a statement signed by the Managing Editor of the online newspaper, Dotun Oladipo, on Wednesday, the break will commence from 12am on Thursday. Oladipo said the management was ...

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Transparency agency begins audit of petroleum sector

Waziri Adio

The process for a comprehensive independent audit of the oil and gas sector by the Nigeria Extractive Industries Transparency Initiative (NEITI) has commenced. The independent audit, to be conducted in line with the principles and standards of the global Extractive Industries Transparency Initiative, will cover the period 2015 and 2016 respectively. Executive Secretary of NEITI, Waziri Adio, announced this recently ...

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Transparency agency urges government to revisit transfer of oil assets

Waziri Adio

The Nigeria Extractive Industries Transparency Initiative (NEITI) has called on the Federal Government to revisit and re-valuate the transfer of the Federation oil assets by the Nigeria National Petroleum Corporation (NNPC) to its subsidiary – the Nigeria Petroleum Development Company (NPDC). Executive Secretary of NEITI, Waziri Adio, made the call while answering questions from newsmen on the highlights of the ...

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Dangote Flour Mills posts N12bn profit

Thabo-Mabe

Dangote Flour Mills has posted a profit before tax of N11.82 billion for its financial year ended December 31, 2016. According to the results released on the floor of the Nigerian Stock Exchange (NSE), the company has returned to profitability after four years of losses. Review of the results indicated that the group’s operating profit went up to N16 billion ...

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NEITI urges government to investigate status of $15.8b NLNG dividends

Waziri Adio

The Nigeria Extractive Industries Transparency Initiative (NEITI) has called on the Federal Government to institute an independent investigation into the status and utilisation of all dividends and loan repayments by the NLNG to NNPC from 2000 to 2014. Executive Secretary of NEITI, Waziri Adio, made the call in Abuja while answering questions on NEITI’s policy brief that examined unremitted funds, ...

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