By NJ Ayuk, Executive Chair, African Energy Chamber (www.EnergyChamber.org) Nigeria has been attracting the world’s attention in recent months for all the wrong reasons. Nigerians have taken to the streets…
The Supreme Court of Nigeria has just upheld DE Schell’s 2010 conviction for the oil spill it caused in Rivers State in southern Nigeria. The Anglo-Dutch oil company will therefore…
(Bloomberg) -- Nigeria’s Supreme Court dismissed an application by Royal Dutch Shell Plc’s local unit to review a $467-million award for damages caused by an oil spill half a century…
Eric IKHILAE, Abuja The Supreme Court yesterday dismissed an application by Shell Petroleum Development Company of Nigeria Limited seeking to set aside a N17billion judgment given against it on…
A World Bank affiliated group may scuttle Nigeria’s bid to successfully prosecute illicit funds associated with the controversial OPL 245, a coalition of international anti-corruption groups has said. In a…
Law360 (November 19, 2020, 9:16 PM EST) -- A litigation funder claimed Wednesday that Eni's petition for it to turn over documents is actually "retribution" for the company covering a…
Without mincing words, the year 2020 has been an eventful one, from the coronavirus pandemic to the #EndSARS protest that shut the economies of the nation’s commercial cities, which was…
LONDON (Reuters) - A lawsuit launched by the Nigerian government against U.S. bank JP Morgan Chase, claiming over $1.7 billion for its role in a disputed 2011 oilfield deal, will…
High profile courtroom dramas involving multiple sides often have the feel of a WWE Smackdown wrestling match: titanic egos clashing with each other, trying to batter their foes into submission.…
The NCDF according to the NCDMB, is deducted from the value of oil and gas contracts awarded in the oil and gas industry. Representatives of the leading oil industry organisations…
Ebenezer Johnson Since the commencement of the President Muhammadu Buhari-led administration in 2015, the anti-graft war has been a major fixture in the government’s agenda, having been a key component…
Leaders of Ijaw communities in the Niger Delta region have restated their demand for the stoppage of the recently launched bidding processes for the allocation of oil licenses by the…
Leaders of Ijaw communities in the Niger Delta region have restated their demand for the stoppage of the recently launched bidding processes for the allocation of oil licenses by the…
President Muhammadu Buhari has proposed the scrapping of the Nigerian National Petroleum Corporation (NNPC) and Petroleum Product Pricing Regulatory Agency (PPPRA) in the new long-awaited Petroleum Industry Bill 2020 which…
by Margot Gibbs and Lionel Faull Classified documents from Britain’s financial crime agency have revealed how it allowed JP Morgan to pay $875 million of suspicious funds to a Nigerian…
LAGOS: Nigeria's long-awaited oil reform bill would privatise the Nigerian National Petroleum Company (NNPC), amend changes to deepwater royalties made late last year and scrap key regulatory agencies in favour…
Uche Usim, Abuja A consortium of Civil Society Organizations (CSOs) has urged the federal government to immediately enact appropriate legislation or embed it as part of the current soon-to-be passed…
The recent sharp increase in the pump price of petrol has been greeted with shock and condemnations from Nigerians, as it is coming at a time the global price of crude oil dropped or…
LAGOS(Reuters) - Nigerian President Muhammadu Buhari has signed a long-awaited oil-reform bill and it will be formally presented in the Senate as early as next week, four sources familiar with…
LAGOS, Sept 23(Reuters) - Nigerian President Muhammadu Buhari has signed a long-awaited oil-reform bill and it will be formally presented in the Senate as early as next week, four sources…
