The Malabu scandal involves the transfer of about $1.1 billion by oil multinationals, Shell and ENI, through the Nigerian government…
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Nigeria: £2.556b Fraud Attempt – Supreme Court to Hear CBN’s Appeal Against Petro Union Tomorrow
The Supreme Court will tomorrow begin hearing on the appeal filed by the Central Bank of Nigeria (CBN) and Union…
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Nigeria: Halt Fresh Oil Licensing Processes – Ijaw Leaders Tell Buhari
Leaders of Ijaw communities in the Niger Delta region have restated their demand for the stoppage of the recently launched…
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CSOs Seek Improved FX Supply for Petroleum Marketers
By Peter Uzoho with agency report A consortium of Civil Society Organisations (CSOs) has asked the Central Bank of Nigeria…
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Just-in: Petroleum Industry Bill passes first reading in Senate
President Muhammadu Buhari on Tuesday, September 29, 2020, submitted the names of 6 nominees to the Senate for confirmation as…
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Nigeria would privatise NNPC, amend royalties under draft oil reform bill, Energy News, ET EnergyWorld
LAGOS: Nigeria’s long-awaited oil reform bill would privatise the Nigerian National Petroleum Company (NNPC), amend changes to deepwater royalties made…
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Buhari reappoints 3 Chief Executives of agencies under Federal Ministry of Petroleum
The recent sharp increase in the pump price of petrol has been greeted with shock and condemnations from Nigerians, as…
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Nigeria: The Law and Economics of Electricity and Petroleum Prices Increase
This article by Dr Sam Amadi thoroughly examines the recent increase in electricity tariffs by the Federal Government, and the…
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The troubles with Petroleum Industry Bill – Punch Newspapers
IT is utterly shameful that more than 10 years after the introduction of the Petroleum Industry Bill, its fate still…
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Nigeria: Kyari Seeks Separation of Roles in Oil Industry
The Group Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has called for a clear separation of…
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Nigeria: UK Court Orders P&ID to Pay Nigeria £1.5m Cost
Justice Cranston J. of the United Kingdom High Court yesterday ordered the Process and Industrial Development Limited (P&ID) to make…
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Nigeria: Accused of ‘Undermining’ Case Against P&ID, Shasore Gets Another Huge Arbitration Contract
Despite being accused of sabotaging the federal government’s legal contest against the British Virgin Island’s firm, P&ID Limited, Olasupo Shasore,…
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Nigeria: $9.6bn Judgment Debt – Victory in UK Court, a Huge Relief – Lai Mohammed
Information and culture minister Lai Mohammed has said that the Friday judgment of a UK Commercial Court suspending the execution…
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Nigeria: P&ID – Rilwanu Lukman’s Family Demands Apology Over Bribe Allegation
The family of the former petroleum minister, Rilwanu Lukman, has denied claims that their late patriarch approved the controversial gas…
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Court fines firm N7m for dealing in petroleum product illegally
By Davies Iheamnachor – Port Harcourt A firm, Lakeside Petroleum Retails and Logistic Limited has been fined N7 million for…
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Nigeria: ‘PIB Passage Will Spur Activities in Energy Sector’
Neconde Energy Limited has expressed optimism that the passage of the much-awaited Petroleum Industry Bill (PIB) into law will result…
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Nigeria: President Intensifies Efforts to Pass Petroleum Industry Bill
President Muhammadu Buhari has intensified efforts to ensure the passage of the Petroleum Industry Bill (PIB), the Minister of State…
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Nigeria: NUPENG Issues 7-Day Nationwide Strike Notice Over Members’ Sack
The Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, yesterday issued a seven-day nationwide strike notice over alleged unprocedural…
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President Intensifies Efforts to Pass Petroleum Industry Bill
Muhammadu-Buhari Lobbies National Assembly to suspend recess to consider proposed law Peter Uzoho President Muhammadu Buhari has intensified efforts to…
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Nigeria: EFCC vs Diezani Alison-Madueke and CBN’s GSI Policy
Introduction The charges reportedly filed by the Economic and Financial Crimes Commission (EFCC) against the former Minister of Petroleum Resources,…
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