Traditional rulers and stakeholders from the Niger Delta region yesterday listed six things the federal government should do in order to stop further destruction of the country’s oil assets by militants and restore peace in the region. King Jaja of Opobo, Douglas Jaja, was among prominent rulers in the region who met with the Minister of State for Petroleum Resources, … Read More
Avengers Bow to Niger-Delta Leaders’ Plea
Niger Delta Avengers, NDA, last night, in deference to Niger Delta monarchs and leaders, who asked them, on Friday, in Warri, Delta State, to stop blowing up oil pipelines, said it would cease hostilities in the region. The cessation of hostilities, it said, was in support of “genuine Niger Delta stakeholders conference to engage the Federal Government” on the issues … Read More
Oil Production Drops by 29%, Against Projection – FG
The Federal Government on Thursday revealed that the country’s crude oil production had dropped by 29 percent, as against the nation’s 2016 budget target of 2.2 million barrels per day, an indication that Nigeria’s current economic crisis might still linger for a longer time. The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, who disclosed this at the national … Read More
Nigeria’s Oil Production At 30-Year Low – U.S.
Nigeria’s oil production fell to 1.4 million b/d, as at May, 2016, nearly a 30-year low, the United States Energy Information Administration has said. In a report released yesterday, the agency said the Niger Delta Avengers’ (NDA) attacks resulted in immediate and severe disruptions in crude oil production, as some of them targeted key oil-gathering and export infrastructure. According to … Read More