By Jemimah Wellington, JKNewsMedia Reporter ALLEGATIONS OF high-level financial misconduct surrounding a $25 million oil block deal and the operation of 136 bank accounts prompted the arrest of a Nigerian businesswoman, Aisha Achimugu, at Abuja’s Nnamdi Azikiwe International Airport on Tuesday morning. The Economic and Financial Crimes Commis...
By JKNewsMedia GOVERNOR SHERIFF Oborevwori of Delta State has pledged full support to oil and gas investors, assuring stakeholders of a peaceful, secure, and collaborative operating environment. During a courtesy visit at Government House, Asaba, by top executives of Renaissance Africa Energy Company—acquirer of Shell Petroleum Development Co...
By Joke Kujenya PRESIDENT BOLA Tinubu has reconstituted the board of the Nigerian National Petroleum Company (NNPC) Limited, dismissing key executives, including Chairman Pius Akinyelure and Group Chief Executive Officer (CEO) Mele Kyari. The sweeping overhaul also saw the dismissal of all board members appointed alongside Akinyelure and Kyar...
By Jemimah Wellington, JKNewsMedia Reporter ONGOING INVESTIGATIONS into revenue discrepancies in Nigeria’s oil and gas sector have led to the recovery of $14.2 million (approximately ₦21.4 billion) from four companies. This brings the total reclaimed unremitted funds to $33.44 million (around ₦50.1 billion). Breakdown of the latest recoveries...
By JKNewsMedia THE NIGERIAN National Petroleum Company Limited (NNPC Ltd) has dismissed reports of an explosion at the Port Harcourt Refining Company (PHRC) in Rivers State, asserting that the incident in question was a controlled flare occurrence. The company assured the public that the situation has been fully contained with no risks posed ...
