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President Bola Tinubu has taken decisive action by suspending the Managing Director/Chief Executive Officer, Ahmad Salihijo, and three Executive Directors of the Rural Electrification Agency, citing new findings from a comprehensive investigation into financial activities. The State House, through a statement from Tinubu’s Special Adviser on Media and Publicity, Ajuri Ngelale, announced the suspension on […]
Oil slumps below $20 as IEA estimates global demand to drop by 9.3m bpd in 2020
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Nigeria revokes eleven oil licenses
The Nigerian Government has revoked Oil Mining Licences (OML) of 11 oil and gas companies operating in the Marginal Fields. The Guardian learnt that the affected companies include Movido–Ekeh, Goland – Otiti, Independent Energy – Ofa, Associated-Tom Shot Bank, Bayelsa – Ayala, Sogenal – Akeni and Delsigma–Ke. Others are Bicta–Ogedeh, Guarantee–Ororo, Eurafic-Dawes Island and Sahara–Tsekelewu. […]