Day: June 11, 2020

DPR releases strategic policy for Nigeria’s oil sector survival Post COVID –19

Efe Wellington

Nigeria’s oil sector regulator, Department of Petroleum Resources (DPR) has released strategic plan and policy for the survival and success of the industry post COVID-19. Director/CEO of the agency, Engr. Sarki Auwalu, who made this known in a Keynote Address at the Webinar organised by Future Energy Leaders Nigeria (FEL) entitled; “Nigeria Oil & Gas Sector: Surviving and Thriving Post COVID –19,” underscored four key areas the country is deploying to stay afloat despite troubles and threats posed by the Coronavirus pandemic to the economy. “There is no better time…

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Nigerian Women now three times likely to be raped than before – Minister

Tim Bauer

Rapes in Nigeria now three times the typical level as women and children were locked down with their abusers due to Coronavirus pandemic, Nigerian Minister of Women Affairs Pauline Tallen, has said. Tallen said rapes had reached an “alarming rate” as every state in Nigeria, West Africa’s most populous nation, was affected by sexual violence and a series of high-profile rapes. “We are calling for legal intervention,” she said. “From details that we have, there are hundred of cases that are within our courts that have not been addressed and…

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Production cost scam: Mass oil contracts, projects’ cancellations loom in Nigeria

Efe Wellington

Head of Nigeria’s oil corporation reveals how oil companies swindle the system of millions of dollars through production cost padding, vows recalcitrant firms may be shown way out   Nigeria, Africa’s biggest crude oil exporter, says it uncovered sharp practices by oil firms and contractors who pad oil production cost with frivolous claims and charges, fleecing the country of millions of dollars daily even before the commodity is produced. Oil production in Nigeria is between $18 and $23 per barrel compared to between $1 and $4 per barrel in Saudi…

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