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Shell, an international energy company, has accepted to pay €15 million compensation to three Nigerian farmers and their villages in Niger Delta. The farmers with the help of the Friends of the Earth, Netherlands, and two Nigerian lawyers, Chima Williams and Channa Samkalden, had in 2007 initiated legal proceedings in Hague, for oil pollution in Goi, Oruma and Ikot Ada ...

Eko Electricity Distribution Company (EKEDC) is wishing its customers a wonderful festive season and assured them of reliable power supply. The Company described the period as a time to celebrate with friends, family, and communities for another successful year. They also urged customers to always remain safety conscious and avoid any acts that could endanger their lives. In a statement ...

Aka Nwokedi, General Counsel/ Company Secretary of Nigeria LNG Limited (NLNG) and former MD of NLNG Ship Management Limited (NSML), has emerged as President-Elect of the Nigerian Gas Association (NGA), leading the Executive Council to pilot and steer the affairs of the gas industry association for the next two years. The election was conducted on15th December 2022 as part of ...

 Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter in Africa, is pleased to announce that it has joined the Extractive Industries Transparency Initiative (“EITI”) in support of EITI’s mission to promote the open and accountable management of oil, gas and mineral resources. EITI is a global standard for the good governance of oil, gas and ...

For Nigerian companies to maximize the opportunities that the African Continental Free Trade Area (AfCFTA) offers, both Federal Government and the organized private sector have important roles to play in terms of breaking barriers, but tariff are some of the major bottlenecks Chief Operating Officer of MicCom Cables and Wires, Bukola Adubi, has said. Adubi stated this while speaking on ...

Apparently bowing to pressure following backlash that greeted the recent cash withdrawal policy announced by the Central Bank of Nigeria (CBN), the apex bank on Thursday reversed the decision. The CBN in a letter to banks in Nigeria increased the maximum weekly limit for cash withdrawals across all channels by individuals and corporate organisations to N500, 000 and N5m, respectively. ...

The Nigerian Content Development and Monitoring Board (NCDMB) has called for agenda-driven partnership to achieve common vision on Research and Development (R&D) delivery in the oil and gas industry. The board emphasised the need to attract sustainable funding as a major tool needed for R & D, innovation and entrepreneurship to create value in the Nigerian oil and gas industry. ...

Chevron Nigeria Limited on Wednesday confirmed relocation of its base for logistics support activities from Onne Shore in Rivers to Warri and Escravos in Delta . Chevron’s General Manager, Policy Government and Public Affairs, Mr Esimaje Brikinn, made the confirmation in Lagos. According to Brikinn, the migration of Chevron’s shore base from Onne to Escravos and Warri is to enable ...

The Nigerian Content Development Monitoring Board (NCDMB) has emphasised the need for the government to Fastrack final investment decisions (FIDs) on Olokola and Brass LNGs as Global demands for LNG rises given the Russia and Ukraine war. According to the NCDMB, prevailing challenges undermining foreign investments, particularly in the oil and gas sector should be addressed, if foreign investors would ...

The Federal Government has disclosed that four hydropower projects with a combined capacity to inject 110 megawatts of electricity to the national grid had been completed. It also announced that 11 other hydropower projects with a total capacity of 3,750MW of electricity had been initiated, as work was currently ongoing at the various project sites. The Minister of Water Resources, ...