Ms Christine K, the Director of HeinrichBoll Foundation in Nigeria and West Africa, said in Abuja that Nigeria loses 2.5 billion dollars annually to gas flaring....
The volume of shares traded on the Nigerian Stock Exchange (NSE) depreciated by 43 per cent on Tuesday. The turnover volume dropped by 192.54 million shares...
The Presidential Committee on Verification and Reconciliation of Fuel Subsidy Payments submitted its final report to President Goodluck Jonathan on Tuesday in Abuja. It recommended that...
The Economic and Financial Crimes Commission (EFCC) will on Wednesday in Lagos arraign some oil marketers and their companies for their alleged complicity in the fuel...
President Goodluck Jonathan has sent the latest draft of the wide-ranging Petroleum Industry Bill (PIB) to parliament for debate, the oil minister said. “I am happy...
Nigeria’s government owes Nigeria National Petroleum Corporation for improper, informal loans used to cover a range of expenses, from a presidential helicopter to maritime security, a...
President Goodluck Jonathan has approved the constitution of a new board of directors for the Nigerian National Petroleum Corporation (NNPC). A statement by the Special Adviser...
Equity transactions at the Nigerian Stock Exchange (NSE) opened on Monday on a positive note, as some highly capitalised companies recorded increases in their prices. The...
The Presidency has expressed concern over the circulation of a fake document purported to be the new Petroleum Industry Bill (PIB). A statement issued by the...
Nigeria’s Federal Executive Council has approved a final draft of the revised Petroleum Industry Bill (PIB), which will be sent to President Goodluck Jonathan before going...
Deputy Governor of Abia State Nigeria; Mr Emeka Ananaba has called on the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) to resolve the disputed oil wells...
Chevron Corp. left workers pleading to be evacuated from a gas exploration platform off Nigeria which kept drilling as smoke poured from a borehole until an...
The Nigerian Content Development and Monitoring Board (NCDMB) and Shell Petroleum Development Company have signed an agreement with five equipment manufacturers to invest 62 million dollars...
The Supreme Court in Abuja on Tuesday confirmed Akwa Ibom as the owner of the 76 offshore oil wells claimed by Cross River. Delivering the judgment,...
Nigerian light sweet continued to be under pressure with demand for July and August loading remaining slack while India, the biggest Asian buyer of Nigerian crude,...