PM News Nigeria


House of Reps approves $1bn loan for NNPC

NNPC headquarters in Abuja

The House of Representatives, has approved the 1.56 billion dollars loan facility proposed by the Nigerian National Petroleum Corporation (NNPC). The resolution followed the adoption of the report on the proposed loan by the Committees on Petroleum Resources, Upstream and Downstream, Loans and Debts, and Justice. The House also urged the Ministry of Petroleum Resources […]

US ship captain reveals oil theft business in Nigeria

Wren Thomas: Captured by Nigerian pirates for 18 days

Surrounded by rolling cornfields, Sidney, Illinois is a sleepy midwestern town with a population hovering just above 1,000. Captain Wren Thomas III grew up on a farm here, about as far away from the ocean as one can be in the United States. Much farther away still was a drug-filled pirate lair in the swamps […]

Oshiomhole protests extortion of electricity consumers

Electricity meters: Consumers want pre-paid meters

Governor Adams Oshiomhole of Edo State has kicked against the N750 monthly fixed charge collected by the Benin Electricity Distribution Company (BEDC) from its customers in the state, saying it amounts to extortion and exploitation of electricity consumers in the state. The Governor who held a meeting with the management team of BEDC led by […]

IKEDC Opens New Call Lines

IKEDC

In line with its commitment to ensure an enhanced customer experience for electricity consumers within its coverage area, the Ikeja Electricity Distribution Company (IKEDC) has upgraded its contact center to provide solutions to customer queries through interactive and multilingual platforms. Known as “IKEDC Care” the contact center was upgraded to facilitate increased access to IKEDC […]

Britons arrested for crude oil theft innocent, says employer

• Stolen crude oil being transported by speed boat. They sometimes end up in the black market

The employer of the two British nationals arrested for an alleged plot to steal oil from a pipeline in Nigeria said they are “totally innocent” and should be released immediately. Maritime security company Port2Port West Africa said the charges against Vincent Haywood and Piers Eastwood were baseless and that it was working with the Nigerian […]

NLC warns on plans to privatise Nigeria’s refineries, media

Port harcourt refinery: over 33 years old

The Nigeria Labour Congress (NLC) on Sunday called for the cancellation of the proposed idea to commercialise Federal Government-owned media houses and the privatisation of refineries in the country. The congress gave the advice in a statement signed by its President, Malam Abdulwaheed Omar. The statement said NLC was disturbed by the announcement that the […]

New date for Oando take-over of ConocoPhilips Nigerian business

Oando has announced 30 April for the completion of the proposed acquisition of the Nigerian Upstream Oil and Gas Business of ConocoPhillips. The two companies reached the agreement this week, to give themselves enough time to satisfy all closing conditions and also give the Nigerian minister of Petroleum resources, Diezani Alison-Madueke time to accord her […]

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