By Modupe Gbadeyanka
Federal Government has disclosed that it has finally resumed exploratory activities in the Lake Chad Basin.
With his development, Borno State will soon officially become one of the oil producing states in the country.
On Monday, the Chief Operating Officer (COO) of the Nigerian National Petroleum Corporation (NNPC), Mr Saidu Mohammed, paid a courtesy visit to the Borno State Governor, Mr Kashim Shettima, in Maiduguri to brief him on the corporation’s plans to make this a reality.
Already, according to Mr Mohammed, the NNPC has started mobilisation to site.
He noted that the relative peace in the region has made this possible.
Last year, after several months of exploration in Borno State, the Federal Government revealed that it had discovered crude oil in the region.
more recommended stories
Drop in Domestic Listings Shrinks Capital Raising in H1 2019
A latest Cross-Border IPO Index by.
DMO to Sell N100bn FGN Bonds to Local Investors
By Dipo Olowookere On Wednesday, June.
CBN Slightly Cuts Stop Rates of Treasury Bills at PMA
By Dipo Olowookere Treasury bills worth.
Stocks Shed 0.15% as Investors Await Buhari’s Next Level Team
By Dipo Olowookere The Nigerian Stock.
Dangote Cement Targets Operations in 18 African Countries
By Dipo Olowookere Chairman of Dangote.
Lafarge Africa Redeems N26.4bn 3-Year Bond
By Dipo Olowookere The series one.
Regency Alliance Insurance Shareholders Reject Payment of 3 Kobo Dividend
By Dipo Olowookere Shareholders of Regency.
Femi Otedola Completes Sale of Forte Oil, Exits as Chairman
By Modupe Gbadeyanka Nigerian oil mogul,.