P&ID Update: FG To Appeal British Court Order Over Seizure Of $9bn

The Federal Government has directed its Solicitor-General to appeal the ruling by Justice Butcher of the UK Commercial Court that an Irish company P&ID can seize Nigeria’s assets worth $9 billion. Africa News24 (AN24) understands Nigeria and the Irish company had been at legal battle over had been over a failed gas supply agreement with […]

Fashola: Nigeria Loses N470 Million Daily On Gas, Electricity Shortage After Militant Attacks

Last weekend’s attack on the Nigeria Gas Company’s pipeline connected to Chevron Nigeria Limited’s facility at Escravos, will impact negatively on the Olorunsogo NIPP plant (capacity 600MW), and other Power Plants, statement from energy minister’s office has confirmed. The sabotaged gas pipeline which contributes to the Escravos Lagos Pipeline System (ELPS) has led to a […]