Independent and marginal oil fields’ operators as at the end of the third quarter, Q3, accounted for about 5.72 per cent of total crude oil and condensates production, according to the Nigerian National Petroleum Corporation, NNPC financial statement.

THE Federal Government has broken up the controversial Petroleum Industry Bill into different versions and is proposing splitting the Nigerian National Petroleum Corporation, NNPC, into two companies – the Nigeria Petroleum Assets Management Company (NPAM) and a National Oil Company (NOC) that would be run on commercial lines and partly privatised.

THE Court of Appeal in Ibadan has dismissed the verdict of a lower election petition tribunal in Ogun State which had earlier nullified the election of Senator Buruji Kashamu of the Peoples Democratic Party, PDP, and declared him winner of the election.

Etisalat has announced the successful entries for the 2015 edition of the Etisalat Prize for Literature Flash Fiction Category.

A Lagos-based property development and real estate investment company, Messrs Chattel Realty and Investment Company Limited, has announced “creative payment plans” for would-be subscribers.

The announcement by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, that the federal government will privatise the nation’s petroleum products pipeline network has continued to elicit mixed reactions from stakeholders in the oil and gas industry.

Ahead of the semi final of the ongoing African Youth Championship between Nigeria and host nation, Senegal tomorrow, former Assistant Director (Technical) of the Nigeria Football Federation, NFF, James Peters says Coach Samson Siasia should know how to beat the host country to qualify for the Rio 2016 Olympic Games.

Electricity consumers in Abuja have accused the Abuja Electricity Distribution Company, AEDC, of exploitation and undue profiteering, while they called on the Federal Government to call the company to order.

A star witness of the Economic and Financial Crimes Commission, EFCC, Mr. Abu Sule, yesterday, narrated before the Federal High Court sitting in Abuja, how former governor of Imo state, Mr. Ikedi Ohakim, gave him $2.29millon at night, to help him acquire a mansion in Abuja.

Former Delta State governor, Chief James Ibori, has described as horrible, revolting, nasty and totally false, the claim by Mr. Nuhu Ribadu, former Economic and Financial Crimes Commission, Chairman in newspapers that he (Ibori) approached Ribadu with $15 million to stop his investigation.