The Executive Secretary of the Board, Engr. Simbi Wabote, disclosed this in Abuja last week at a breakfast meeting.
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Justice Inyang Ekwo, in a ruling on the motion ex-parte moved by counsel to Mobil, Ituah Imhanze, rather ordered the plaintiff to put NMDPRA, the sole defendant in the suit, on notice.
The Federal High Court sitting in Abuja had recently in a judgment given ExxonMobil producing Nigeria Unlimited and the Nigerian National Petroleum Corporation 14 days ultimatum to pay N81.9 billion to the fishing and farming communities in Ibeno Local Government Area of Akwa Ibom State
Specifically, Mobil lost N8.80 to lead the losers’ table to close at N151.20 per share.
Before now, the feat in the sector was only thinkable by such industry giants such as Shell, Mobile and Total
The News Agency of Nigeria reports that the market grew by 0.73 per cent due to huge price gains posted by Nestlé Nigeria Plc
The militants also vowed to deal with the military and inflict further damages on the oil companies operating in the Niger Delta
Usani said the skill acquisition centres were designed to equip and empower the youths in the region with relevant skills to help them start their own ventures after the completion of the programme
Chief Friday Ebong, the spokesman of the contractors from Ibeno, Eket, Onna and Esit Eket Local Government Areas, made the complaint in an interview with the News Agency of Nigeria on Sunday in Ibeno
A statement issued by the commission’s Head of Public Affairs, Dr. Usman Abba Arabi, on Friday in Abuja said the licence was issued after all stipulated requirements were met by the company
Consequently, the Committee on Petroleum Resources and Upstream on Wednesday summoned the management of National Petroleum Investment Management Services to appear before it on November 18
According to the source, anybody who removes the suckers will incur the wrath of the gods of the land, adding that only traditionalists imbued with the power of the gods could do so
However, the hearing could not achieve much because the representative of Mobil, an Executive Director, Human Resources, Udom Uloyo, claimed he was not adequately briefed about the petition before coming