DPR denial allegations of non-remittance by oil coys

The Department of Petroleum Resources (DPR) has assured  the country that it’s equal to the task in discharging its responsibility as the regulator of the oil and gas industry in spite of the calls in some quarters that the agency should streamline its operations. A statement by Mr Paul Osu, the Head, Public Affairs of…

Stop locating gas plants in fuel stations, marketers urge DPR

……… It’s illegal to build LPG skid plant inside filling stations The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has urged Department of Petroleum Resources (DPR) to stop approving locating of Liquefied Petroleum Gas (LPG) plants in fuel stations. Mr Nosakhare Ogieva-Okunbor, President of NALPGAM, told newsmen on Tuesday in Lagos that installing `ad-on…

OPL 245: Disclose that Eni, Shell were aware of corruption, says Italy judge

An Italian judge on Monday averred that oil groups Eni and Royal Dutch Shell were fully aware that their 2011 purchase of a Nigerian oilfield would result in corrupt payments to Nigerian politicians and officials. Italy’s Eni and Shell bought the OPL 245 offshore field for about $1.3 billion in a deal that that has…

Alleged N4.75bn, $5m fraud: Court Admits Former Skye Bank Chairman, MD

…Each gets N50m bail The Managing Director of the defunct Skye Bank, Timothy Oguntayo and Chairman defunct Skye Bank Plc, Dr Tunde Ayeni The Federal High Court, Abuja Monday admitted former Chairman of the Board of now defunct Skye Bank Plc, Dr Tunde Ayeni, and the Managing Director of the Bank Timothy Oguntayo to bail…

Customs Nets N1.1 Trillion Revenue surpassed target for the year

Public Relations Officer (PRO), Nigeria Customs Service, Mr Joseph Attach (3rd right), Zone A Customs PRO, Mr Umaru Ilisu (2nd right), Apapa Port Customs Command PRO, Nkiri Nwala (1st right), Customs Federal Operations Unit Zone A PRO, Mr Jerry Attah (left), Tincan Port PRO, Uche Ejiesieme and another officer during a parly with the media…