Community Condemns Attack On Oil Facilities

The entire leadership of the Benikrukru and Kenyangbene (Abiteye), in Warri South-West Local government Area of Delta State yesterday condemned, in the strongest terms, the recent attack on Chevron facilities at Abiteye Field.

Fix Economy With External Reserves, Pengassan Tells FG

Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) yesterday advised the Federal Government to dip into its external reserves build-up to solve the multifarious socio-economic problems facing the nation

Shell Restarts Bonga Under Naval Cover

Shell Nigeria Exploration and Production Company, a subsidiary of the Anglo-Dutch oil giant, Shell, has restarted oil production on the Bonga Floating, Production, Storage and Offloading (FPSO) vessel under the protection of two Nigerian navy frigates

Nigeria needs $85bn to fix power

Nigeria needs $85bn of investment in order to produce 24 hours of electricity a day, a panel of experts says

Nigeria launches $10bn oil spree

Nigeria announces it is to spend over half of its windfall from the rising oil price, despite warnings on inflation.