Wike: The other side of a fighter, by Donu Kogbara
I went home to Rivers State last weekend to participate in a celebration and Anglican thanksgiving service. They were hosted in Koroma, Tai Local Government Area, by Senator Barinada Mpigi, a fellow Ogoni and friend. And the special guests of honour were Chief Godswill Akpabio, the Senate President, and Chief Nyesom Wike, our former governor […]
US proposes $16bn settlement with BP over Gulf spill
The United States, US, is proposing a $16 billion settlement to British Petroleum, BP, over the 2010 oil in the Gulf of Mexico.
According to reports, the settlement would cover fines BP owes under the Clean Water Act, a federal water pollution law, as well as payments under the Natural Resources Damage Assessment, an environmental evaluation.
China increases prices of petroleum products
China has announced an increase, effectively Monday, in prices of petroleum products in the country. The increase, the first since September, is amid gains in oil benchmarks since the start of the year.
LNG supply decrease in Nigeria
Natural gas from Algeria and Nigeria is experiencing decrease in supply as natural gas prices in southern France rose to almost 20 percent above those in the north of the country
Power generation: NLNG cautions against increases in gas taxes, royalties
Premier natural gas giant, Nigerian LNG Limited has warned that any attempt to increase current taxes and royalties accruable to the exploration and production of gas in the country will be counter-productive, as it will impact negatively on electricity
generation.
LCCI laments delay in passage of PIB
The Lagos Chamber of Commerce and Industry, LCCI, Monday, lamented the delay in the consideration of the Petroleum Industry Bill, PIB, by the National Assembly, saying the delay is negatively affecting Nigeria’s competitiveness, making the country vulnerable and hindering the growth and transformation of the economy.
