Tuesday, August 7, 2018

Tag "OPL 245"

    Malabu deal: Court grants judicial review against Malami

Malabu deal: Court grants judicial review against Malami

A federal high court sitting in Lagos has granted  the Human and Environment Development Agenda (HEDA), a non-governmental organisation (NGO), a  leave for a judicial review against Abubakar Malami, attorney-general of the federation (AGF) in the Malabu oil deal.HEDA had on April 5, filed an ex-parte motion before the court, seeking for an order compelling the AGF to revoke the operating [...]

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    OPL 245: The most popular oil block

OPL 245: The most popular oil block

The Petroleum Act 1969 (as amended) grants powers to the Ministry of Petroleum, acting through the Department of Petroleum Resources (DPR) to administer the licensing of oil blocks in the country. These include Oil Prospecting Licence (OPL), Oil Mining Licence (OML) and Oil Exploration Licence (OEL), which allow the awardees, local and foreign, to explore for and develop oil and [...]

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    Group asks Malami to stop ‘vexatious’ trial of Adoke

Group asks Malami to stop ‘vexatious’ trial of Adoke

The Citizens Advocacy for Social and Economic Rights (CASER), a rights protection organisation, has asked Abubakar Malami, attorney-general of the federation (AGF), to withdraw the charges against Mohammed Adoke, a former AGF, in the Malabu oil deal saga.The group made this demand in a letter dated April 16, issued by Frank Tietie, its executive director.Adoke  was accused by the Economic [...]

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    NANS, P-PESPI: Why Nigeria should take advantage of OPL 245

NANS, P-PESPI: Why Nigeria should take advantage of OPL 245

The National Association of Nigerian Students (NANS) and Partners for Petroleum and Energy Sector Prosperity Initiative (P-PESPI) say the court cases regarding the OPL 245 deal is an “embarrassment” to the presidency.In a joint statement on Tuesday, the two bodies said they support Abubakar Malami, attorney-general of the federation and minister of justice, in his opinion that the court charges be [...]

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    EXCLUSIVE: ‘FG should have a stake in OPL 245’, ‘EFCC charges unsustainable’ — Malami writes Buhari

EXCLUSIVE: ‘FG should have a stake in OPL 245’, ‘EFCC charges unsustainable’ — Malami writes Buhari

Abubakar Malami, attorney-general of the federation (AGF), has advised President Muhammadu Buhari that Nigeria should have a stake in the prolific OPL 245.The oil block, considered to be the richest in Africa, was awarded to Malabu Oil & Gas Ltd in 1998 and after a series of controversy, Malabu sold 100% to Eni (Agip) and Shell.An estimate says OPL 245 [...]

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    We are disappointed, says Shell on ruling of Italian court

We are disappointed, says Shell on ruling of Italian court

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    Again, court adjourns ruling on forfeiture of ‘Malabu oil block’

Again, court adjourns ruling on forfeiture of ‘Malabu oil block’

‎John Tsoho, justice of the federal high court, Abuja, has adjourned ruling on an application by Shell Nigeria Limited and Eni, seeking the vacation of an order of interim forfeiture of OPL 245.The judge took the decision to adjourn the case to Friday after Malabu oil and gas filed an application to be joined in the matter.On February 28, the [...]

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Exchange Rates

August 06, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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