The Nigerian National Petroleum Corporation (NNPC) limited has settled long-running disputes with four international oil companies operating in Nigeria. The companies are Shell Plc, ExxonMobil Corporation,...
Over 10,000 contract staff on the employment of international oil companies (IOCs) and local crude producers will not be confirmed in 2019, New Telegraph has learnt....
Six months after the Trans-Ramos Pipeline was shut down, the Federal Government, Shell, Total and Nigeria Agip Oil Company Limited have lost around $1.5bn (N543bn) in...
The federal government, Nigerian Agip Exploration Limited (NAE) and Shell Petroleum Exploration and Production Company (SNEPCo) have completed the technical and commercial evaluation of bids for...
The Senate joint committee on Petroleum Resources, made up of Upstream, Downstream and Gas, has announced the commencement of the probe of alleged N10 trillion subsidy...
The long drawn face off between the Central Bank of Nigeria (CBN) and the Nigeria National Petroleum Corporation (NNPC) over deployment of foreign exchange realized from...
Nigeria’s crude oil output has risen to 1.9 million barrels per day (bpd) the Minister of State for Petroleum Resources, Ibe Kachikwu, has said. This is...
The Federal Government has reached an agreement with international oil companies to settle its joint venture cash call with crude oil worth $5 billion. The crude...
Banks are diverting dollar sales previously allocated to licensed Bureaux De Change (BDC) operators to unlicensed BDCs or currency hawkers, investigation by Ripples Nigeria has revealed....
The acrimony between Bayelsa State government and multinational oil companies deepened on Thursday with the governor, Henry Seriake Dickson, seeking the intervention of the Presidency on...
Nigeria losses an average of $250 billion annually through tax evasion/ underpayment by International Oil Companies and other multinationals, the Chairman of the Federal Inland Revenue...
Nigerian Senate, Wednesday, mandated its Joint Senate Committee on Petroleum (Upstream and Downstream), Finance and Appropriation to immediately investigate joint venture cash calls by the Nigeria...
Oil marketers in the country who have been facing the challenge of getting forex to meet their allocation for importation of PMS (petrol) now have a...
The Federal Government has dragged International Oil Companies, IOCs to court over crude theft totalling $12 billion. FG’s action is targeted at recovering over N2 trillion...
