The Economic and Financial Crimes Commission (EFCC) recently received twelve suspected oil thieves, a vessel MV…
Tag: oil
Oil spillage: Bayelsa govt sues Agip for 1.6tn damages
Bayelsa State Government has taken the Nigerian Agip Oil Company (NAOC) Limited to a Federal High…
PHOTOS: Live pictures of Ontario Oil and Gas boss being taken to jail today
A Lagos State High Court, Ikeja today sentenced Managing Director of Ontario Oil and Gas Limited, Ada…
Kachikwu sees oil hitting mid-$60s
Crude oil prices, hovering around $55 a barrel since early December, will climb by about $10…
New NEITI documents to expose real owners of oil, gas companies
The Nigeria Extractive Industries Transparency Initiative (NEITI) said it has unveiled two documents designed to push…
Oil theft: Navy begins deployment of troops in Rivers
The Nigerian Navy said it had begun the deployment of troops in Rivers State for its…
Senate raises oil benchmark above executive’s, settles for $44.5 per barrel
The senate has agreed on $44.5 per barrel as benchmark price for the 2017 budget, as…
Oil rises on weaker dollar, Saudi commitment to cut output
Oil prices rose on Tuesday supported by a falling U.S. dollar and Saudi Arabia saying it…
I did not receive bribe on Malabu oil deal
Former President Goodluck Jonathan has reacted to the allegation that he received gratification to approve the…
NEITI condemns N1.1trillion tax waivers to oil firms
By granting Pioneer Status, the Federal Government has waived $2.1 billion (N1.1 trillion) to 22 oil…
Nigeria’s oil output tops foreign investors’ concern
Foreign investors planning to invest in Nigeria and other global markets this year are taking a…