• FG demands $406m underpayment from SPDC

    FG demands $406m underpayment from SPDC

    The Federal Government is seeking a court order to compel Shell Petroleum Development Company of Nigeria Limited and its subsidiary, Shell Western Supply & Trading Limited, to pay $406.75 million being the underpayment from crude oil shipments between January 2013 and December 2014.

    In addition, the government is demanding the   interest payment  of 21 per cent  per annum   from the money.

    According to court documents, presented in Lagos, yesterday, the amount represents the shortfall of the money the multinational oil firm paid […]

  • SPDC awards full scholarships to new batch of 60 Niger Delta students

    SPDC awards full scholarships to new batch of 60 Niger Delta students

    A new batch of 60 children from the Niger Delta has been awarded the special secondary school scholarship of The Shell Petroleum Development Company (SPDC) Joint Venture, Cradle to Career covering tuition and all other bills for six years in four of the topmost private secondary schools in Port Harcourt.

    Brookstone Secondary School, Jephthah Comprehensive College, Archdeacon Brown Educational Centre (ABEC) and Bloombreed High School in Port Harcourt receive 60 beneficiaries each year from difficult to reach parts of the Niger […]