Breaking: Petrol tanker explodes at filling station near Lagos Airport

A petrol tanker has exploded at Forte Oil filling station located very close to the local airport in Lagos State.

Sources from the airport confirmed this to Channels Television on Friday shortly after the incident occurred.

The explosion which occurred when the tanker was discharging its contents has resulted in a massive blaze at the facility.

Channels Television aviation correspondent said officials of the fire services have moved in to contain the inferno.

However, it is yet to be ascertained if there are casualties as a result of the incident.

Dickson warns against shortchanging of Bayelsa in oil and gas deals

...insists on oil firms’ relocation

Governor Seriake Dickson of Bayelsa State has frowned against actions and practices that deprive the state of its interests and benefits in oil and gas deals.

The governor spoke while declaring open the 8th Practical Nigerian Content Forum with the theme: "Driving Economic Development and Sustainability" at the Chief Diepreye Alamieyeseigha Memorial Banquet Hall, Government House in Yenagoa.

Climate Change Conference: Govts under pressure over people’s demand

A global coalition of more than 220 organizations has issued a series of demands to world governments as the United Nations Climate Change Conference (COP24) begins in Katowice, Poland.

Crude oil theft: NSCDC arrests 21 suspects in Bayelsa

The Bayelsa State Command of the Nigeria Security and Civil Defense Corps (NSCDC) has arrested no fewer than 21 suspects in the state in the last three months for their alleged involvement in illegal bunkering, oil theft and pipeline vandalism.

  Mrs. Christiana Abiakam-Omanu, the commandant of the Bayelsa Command of the NSCDC, disclosed this when members of the Executive Committee of the Federated Correspondents’ Chapel of the Nigerian Union of Journalists (NUJ) Bayelsa chapter led by the Chairman, Kola Oredipe, visited her in her office.

Madumere extols British govt over development partnership with Imo, others

The Deputy Governor of Imo State, Prince Eze Madumere, has commended the British Government for its interest to partnering with Imo State and other South Eastern states with a view to finding a common interest for development.
Prince Madumere made the commendation when a delegation from the British High Commission led by British Deputy High Commissioner to Nigeria, Harriet Thompson, hosted the deputy governor to a dinner at the weekend in Owerri, the capital city of Owerri.

Oil prices surge on output cut pledge, US-China deal

Oil prices soared on Monday after Russia and Saudi Arabia renewed a pact to cap output, while the US agreed to halt raising tariffs on Chinese imports, stalling a trade row that many feared could hit demand for the commodity.

Russian President Vladimir Putin said Saturday he and Crown Prince Mohammed bin Salman "have agreed to extend our agreement" to limit production as prices slump on global markets.

An existing deal committing OPEC and non-members to cuts expires this year.

Judgment on $3.6b Bonga oil spill fine by NOSDRA not binding on us - Shell

 The Shell Nigeria Exploration and Production Company (SNEPCO) operator of the Bonga oil field says the court judgment on the $3.6 billion fine for the December 20, 2011 oil spill is not binding on it.

  Shell had approached the courts to challenge the powers of National Oil Spills Detection and Response Agency (NOSDRA) to impose fines on it.

  Mr Bamidele Odugbesan, the Media Relations Manager at Shell, stated on Tuesday that the judgment merely clarified that NOSDRA had  powers to impose fine but did not compel it to pay the fine.

Drama in Edo as Governor Obaseki walks BEDC MD out of his office

A mild drama occurred at the office of the Edo State Governor, Mr. Godwin Obaseki, on Tuesday morning as the governor walked the Managing Director (MD) of the Benin Electricity Distribution Company (BEDC), Mrs. Funke Osibodu, out of his office.  

Illegal importation of 1570 rifles: Court denies bail to defendants, trial commences

The trial of the defendants; Ayogu Great James, Ifeuwa Moses Christ and a company, Great James Oil and Gas Limited charged with illegal importation of firearms commenced on Thursday before Justice Saliu Saidu of a Federal High Court sitting in Lagos, even as the court refuses to grant them bail.

At the commencement of trial of the defendants, a witness, Nwaiwu Chibuzor Ginikanwa, a Deputy Superintendent of Customs, Intelligence Unit, Tincan Island Command, told the court how the defendants who imported arms into the country through the Tincan Island Port, Lagos were arrested.

Atiku promises to boost oil investment, cut subsidies if elected

Nigeria's main opposition candidate Atiku Abubakar said on Monday he will boost oil sector investment, cut costly fuel subsidies and double the size of the economy by 2025 if he wins next year's presidential election.

The businessman and former vice president portrayed himself as a champion of the private sector as he released his manifesto and set out his plans to stop incumbent Muhammadu Buhari securing a second term in February.