Category : Search result: Rivers State oil investment


PENGASSAN warns of oil sector brain drain over low pay

PENGASSAN warns Nigeria's oil sector faces a severe brain drain due to low wages and economic hardship. Union President Festus Osifo urges immediate action to close the wage gap and retain skilled workers.

Edo Land Revocation Sparks Investor Nightmare

The alleged revocation of Presco Plc's C of O by the Edo State government risks billions in agro-investments and 15,000+ jobs. Will political moves derail the state's economic growth? Read more.

NNPC's ₦5.4trn Profit Shows Impact of Reforms

NNPC Limited's record ₦5.4 trillion profit for 2024 is hailed as proof of successful reforms under Bayo Ojulari. Discover how operational discipline and commercial changes are reshaping Nigeria's oil and gas sector.

Four RSU Students Abducted, Police in Pursuit

Gunmen suspected to be cultists have abducted four Rivers State University students in Emohua. Police vow to rescue victims and arrest perpetrators. Students protest, demand safety.

Nigeria eyes $10bn from 50 oil blocks lease

Nigeria's NUPRC launches 2025 oil licensing round for 50 blocks, aiming to raise $10bn and boost output by 400,000 barrels per day. Discover the transparent bidding process.

Rivers 2026 Budget: Education Gets Top Priority

Governor Siminalayi Fubara vows to tackle the state's poor school infrastructure, allocating the biggest portion of the 2026 budget to education. Read his full plan for reform.

TotalEnergies Sells Nigeria Offshore Stake to Chevron

French oil giant TotalEnergies sells a 40% stake in Nigerian offshore exploration licences to Chevron. The deal aims to derisk and develop new opportunities in Nigeria's oil sector. Full details inside.

OPEC+ Pauses Oil Output Hikes Until March 2026

OPEC+ reaffirms plan to maintain current oil production levels until March 2026 and agrees on a new capacity assessment mechanism. Learn how this decision impacts global oil markets.

Anambra Gives 220M Palm Seedlings to Households

Anambra State has distributed 220 million palm seedlings to 180,000 households in two years under Governor Soludo's agricultural revolution. Discover how this initiative aims to transform the state's economy.

OPEC+ 2025 Oil Output Policy: A Review

OPEC+ surprised markets in 2025 by hiking oil production. Discover how this strategy fared, the role of Trump's return, and what's next for global oil prices.

Rivers Police Deny False Herdsmen Attack Claims

Rivers State Police Command refutes viral social media claims of Fulani herdsmen attacks, labeling them as misinformation designed to incite public panic and disrupt state peace.

Economic Triangle Proposed for S/South, S/East States

My-ACE China urges Rivers, Akwa Ibom, and Abia governors to create an economic corridor that could rival Lagos. The proposed triangle would leverage ports, fabrication capacity, and blue economy potential.

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