The Tax Appeal Tribunal (TAT) in Abuja has ordered Oando Plc to pay N72.92 million as tax liabilities to the Federal Inland Revenue Service (FIRS). Mr...
The Department of Petroleum Resources (DPR) on Tuesday threatened to shut down any petrol station caught selling fuel above the pump price of N97 per litre....
The Shell Petroleum Development Company (SPDC) on Wednesday confirmed a pump failure at its facility in Bayelsa. This is contained in a statement issued by Mr...
Brent crude held steady above 113 dollars per barrel on Tuesday as investors awaited economic growth data out of Europe to gauge the region’s energy demand...
Asia is set to import record volumes of oil from West Africa, mainly from Nigeria, this year as increasing supplies of high quality crude drive down...
Minister of Petroleum Resources Mrs Diezani Alison-Madueke says the nation’s oil reserve could grow to 40 billion barrels by 2020 with daily production capacity of four...
By Omoh Gabriel Nigeria Extractive Industry Transparency Initiative has disclosed that from its audit report between 2006 and 2008 the Nigerian National Petroleum Corporation received $3.789...
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...