MEND Nigeria-Movement for the Emancipation of the Niger Delta-MEND-Official News Site -tracking News, Articles, Interviews and Opinions, related to MEND- from 1999 to Present
Daily Trust (Abuja)Lagos - Shell Petroleum Development Company (SPDC) says it paid over $1.1 million last year to communities affected by oil spills in the country.
Managing Director of the company, Mutiu Sunmonu, said in the Shell Briefing Note that the development was the high point of the premium his company has for its host communities.
Daily Trust (Abuja)Lagos - The Managing Director of Skye Bank Plc Duro Simi-Etti said yesterday that the bank's loans exposure to the oil and gas sector rose to $1 billion (about N159 billion) within the last 24 months.
Simi-Etti who disclosed this in Lagos during the presentation of the bank's 2011 financial results, also explained why the bank's agric loan portfolio remained low, at two per cent of its overall lending portfolio.
Ghanaian Chronicle (Accra)Mr. Clifford Sacks, Chief Executive Officer, Africa, Renaissance Capital, says Africa will be the investment success story of the next decade, since the continent, as an emerging market, was attracting unprecedented attention, as capital shifts from developed to growth markets.
Daily Trust (Abuja)
Vanguard
President Goodluck Jonathan
The Congress for Progressive Change CPC in a press statement has berated the PDP and President Goodluck Jonathan over its recent replies to predictions of "blood letting" by its presidential flag bearer, General Muhammadu Buharo (rtd).
This Day (Lagos)Managing Director/Chief Executive Officer of Skye Bank Plc, Mr. Kehinde Durosinmi-Etti, has stated that he and other members of the management team will continue to ensure adequate returns to shareholders in the years ahead.
This Day (Lagos)
George Osodi/IRIN
Petrol thief (file photo)
Lagos - Nigeria is on the verge of a major fiscal crisis following unabated massive theft of crude oil in the Niger Delta, THISDAY has learnt.
This Day (Lagos)Abuja - Nigerian National Petroleum Corporation (NNPC) has said plans to take a Final Investment Decision (FID) on the two-train, 10 million metric tonne per year (mmt/y) Brass Liquefied Natural Gas (LNG) project on or before December this year remains on track despite indications by one of the project's promoters, ConocoPhillips, that it wants to sell its Nigerian assets.
This Day (Lagos)Former Minister of State for Petroleum Resources, Mr. Odein Ajumogobia, has said that the Petroleum Industry Bill (PIB), when eventually passed into a law, would serve as the catalyst needed to revolutionise the country's oil and gas industry.
This Day (Lagos)Abuja - The Supreme Court will on July 10 deliver judgment in a case filed by the Cross River State Government claiming that 76 oil wells transferred to Akwa Ibom State by the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) belong to it.
Daily Trust (Abuja)Last week, we examined the weaknesses of the leading sectors of our expanding economy, and tried to understand why the much publicised massive growth has failed to provide employment or decent incomes to our impoverished masses. We argued that unless our governments, at both federal and state levels changed track, the situation may not get any better, even in the long-run.