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United Nations Industrial Development Organisation Urges Nigeria to Develop Industrial Sector to Cope with Population Growth
With the projection that Nigeria’s population will double to 300 million in 30 years, the United Nations Industrial Development Organisation (UNIDO) has urged the Nigerian government to pay more than “lip-service to the industrial sector of the...
Shell Petroleum Development Company Starts New Gas, Oil Production in Niger Delta Region
The Shell Petroleum Development Company (SPDC) of Nigeria has announced the commencement of oil and gas production at its Gbaran-Ubie project in the Niger Delta region of the country. The project is located in Rivers and Bayelsa states in south-eastern...
Lesotho to Benefit From $8.4m OPEC Loan for Construction of Infrastructure
The Lesotho cabinet has given thumps up to a loan amounting to M63 million (US$ 8.4 million) from the Organization of the Petroleum Exporting Countries (OPEC) Fund for International Development (OFID) for financing the construction of infrastructure and...
Gunmen Free Kidnapped Foreign Workers in Abia State, South-eastern Nigeria
The Nigerian police have confirmed that four foreign workers abducted last week in Abia State in south-eastern Nigeria have been released by their abductors. According to a spokesperson of the Nigeria police in Port Harcourt in Rivers State on Monday,...
Mobil Begins Clean Up of Oil Spill in Nigeria’s Niger Delta Area
Mobil Producing Nigeria (MPN) has started the clean up of the Atlantic shoreline after the December 4 crude oil leak from the Qua Iboe Oil fields which it operates in the Niger Delta. The oil firm had reported a leak on the pipeline on December 4, which...
Nigeria’s Crude Production Expected to Hit 3m Barrels Per Day By 2010
The Nigerian government has said that the success of the amnesty granted to militant group members in the restive Niger Delta would make it possible for the production of three million barrels of crude oil per day from next year. The country’s Attorney-General...
European Union to Launch Gas, Renewable Energy Project in Nigeria
The European Union (EU) is to launch a 2.3 million Euro project in Nigeria on the sustainable utilization of gas and renewable energy resources. The Information Officer of the Delegation of the European Commission to Nigeria, Mr Kelechi Onyemaobi, told...
Nigeria Earns $2b Revenue From Oil in Three Months
The new Director in charge of Nigeria’s Department of Petroleum Resources (DPR), Billy Aghah, says Nigeria earned N312 billion (about US$2 billion) from oil between July and September this year. Aghah told journalists on Thursday in Lagos that Nigeria’s...
