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An Italian judge has ordered a Nigerian businessman, Alhaji Aliyu Abubakar to stand trial for alleged international corruption relating to a Nigeria oil graft case involving Eni and Shell, a judicial source and his lawyer said on…
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Elder statesman and founder, Afe Babalola University, Chief Afe Babalola yesterday said the discovery of oil in Northern part of the country would fast-track the process of restructuring. Speaking as chairman of the First Goke Omisore…
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The National Assembly is working on expanding the powers of the Nigerian Content Development and Monitoring Board (NCDMB), it was learnt. The Chairman, House Committee on Nigerian Content Development and Monitoring and the…
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Though the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, is designed to foster institutional collaboration, and maximize resource utilisation as well as participation of Nigerians in oil and gas activities, by linking oil…
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The trial of four alleged fraudsters, Abayomi Kukoyi, Prince Kingsley Okpala, Prince Chidi Okpalaeze and Prince Emmanuel Okpalaeze alongside a company, Petro Union Oil and Gas Company Limited, commenced today, February 19, 2020 before…
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The Nigerian National Petroleum Corporation has said the nation lost about $750m to crude oil theft in 2019. The Group Managing Director, NNPC, Mallam Mele Kyari, who disclosed this on Tuesday, decried the growing activities of oil…
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The Joint Revolutionary Council (JRC) has blamed rising oil theft and proliferation of illegal refineries in the Niger Delta on failure of the Presidential Amnesty Programme (PAP). Its Spokesman, Cynthia Whyte, also heaped the blame of…
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The Nigeria Liquefied Natural Gas Limited has said that its motivation to build and operate multibillion naira Train 7 was heightened by the proven success it recorded recorded in the past 20 years of operation in Nigeria. Tony Attah,…
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Nigeria should create a stable operating environment and establish robust regulatory and fiscal framework in the country to meet the 40 billion barrels oil reserves by 2025, Victor Okonkwo, Managing Director of Aiteo Exploration and…
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By Bashir Bello, Abuja The Permanent Secretary, Ministry of Petroleum Resources, Mr. Bitrus Bako Nabasu has revealed that his ministry has embarked on sensitization of Nigerian investors in the petroleum sector on the need to have…
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