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Kachikwu: We’ve generated over $2 billion from oil block licences for funding 2019 budget

Kachikwu: We’ve generated over $2 billion from oil block licences for funding 2019 budget

Ibe Kachikwu, minister of state for petroleum resources, says the federal government has generated over $2 billion from the renewal of oil block licences. The former group managing director the The post Kachikwu: We’ve generated over $2 billion from oil block licences for funding 2019 budget appeared first on TheCable.

OPL 245: Shell, Eni knew of ‘illegal payments’ to Nigerian officials, says Italian judge

OPL 245: Shell, Eni knew of ‘illegal payments’ to Nigerian officials, says Italian judge

Giusy Barbara, an Italian judge, says oil giants Eni and Shell were fully aware that their 2011 purchase of OPL 245 would be embroiled in corruption.
The post OPL 245: Shell, Eni knew of ‘illegal payments’ to Nigerian officials, says Italian judge appeared first on TheCable. …

Oil marketers to shut down ALL loading operations by midnight

Oil marketers to shut down ALL loading operations by midnight

The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has directed its members to shut down all loading operations by midnight. The association gave the directive in a statement
The post Oil marketers to shut down ALL loading operations by midnight appeared first on TheCable. …

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