Self-acclaimed Prime Minister of Biafra Republic Government in Exile (BRGIE), Simon Ekpa, has issued a warning to oil companies operating in the South East against disregarding...
Hello, and welcome to the Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to...
The National Oil Spill Detection and Response Agency (NOSDRA) has revealed that oil companies in Nigeria lost N803 billion worth of crude oil to spills suspected...
It’s been two years since the oil industry experienced a meltdown in their earnings, with oil price falling to as low as $20 due to Coronavirus outbreak and...
Foreign oil companies are exiting the Nigerian oil market, after operating in the market for over 60 years, as the passage of the Petroleum Industry Act...
Nigeria will be getting a payment alert of N249.3 billion in January from six multinational oil companies operating in the upstream sector for domestic crude oil...
Niger Delta Youth Congress (NDYC) on Thursday, asked the Federal Government to reconstitute a substantive board for the Niger Delta Development Commission (NDDC) within two weeks....
New data from National Oil Spill Detection and Response Agency (NOSDRA) has revealed that 17,262 barrels of oil were spilled into the environment in 2020. Measured...
The Nigerian National Petroleum Corporation (NNPC) has revealed that a number of its partners are producing oil in Nigeria at $93 per barrel. Mele Kyari, the...
The Rivers State government led by Governor Nyesom Wike has moved to lift the COVID-19 curfew imposed in parts of the state to stem the spread...
Strong indications have emerged that Nigeria’s oil and gas industry may suffer a major setback this year as some International Oil Companies (IOCs) in the country...
The oil-bearing communities in the Nembe Council Area of Bayelsa State have rejected the Global Memorandum of Understanding drawn by the international oil companies operating in...
The Bayelsa State chapter of the All Progressives Congress (APC) has described the ‘Rise for Bayelsa’ campaign launched against activities of international oil companies by Governor...
At least $16 billion has been lost by Nigeria in the last ten years due to the non-review of the 1993 production sharing formula with oil...
The Federal Government, in its continued clampdown on tax defaulters to shore up its revenue, has demanded a number of foreign oil companies operating in the...
The Federal Government has forced oil companies operating in Nigeria to cough out the princely sum of N1.2 trillion in royalty arrears. The Minister of State...
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has hinted on moves by the Federal Government to reclaim dormant oil feilds from multinational oil...
Delta State governor, Ifeanyi Okowa has said that oil companies appear more comfortable paying fines for gas flaring than taking steps to end it. The governor,...
The federal government and international oil companies operating in the country are to calculate and negotiate arrears of contractual obligations to the latter and the benefitting...
Nigeria loses an estimated $1 billion yearly in the West African bunkering market valued at over $3 billion as some oil companies operating in the country...
The Senate has commenced investigations of some banks over alleged collusion with International Oil Companies (IOCs) to defraud the country. Over $62,909,716,417 billion is said to...
There are strong indications that the Okah brothers, Henry and Charles and the leader of the Indigenous People of Biafra, IPOB, Nnamdi Kanu, may be released...
The Niger Delta Avengers on Thursday made good its separatist intentions, warning northerners with interests in the oil region to quit in two weeks or face...
The Economic and Financial Crimes Commission, EFCC, is perfecting plans to arrest some top oil barons suspected to have pooled over $115m (N23, 299,705,000 billion) to...
