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A Federal High Court in Lagos thursday awarded N100,000 cost against Chevron Nigeria Limited in a $12 billion missing crude oil revenue suit filed by the federal government.
Royal Dutch Shell and other world’s leading oil companies have published a bumper crop in profits last year as rising crude prices helped turn their fortunes around.
A coalition of Niger Delta agitators has threatened to resume destruction of oil installations and other Federal Government facilities in the region.
The removal of six roundabouts along the Lekki-Epe Expressway has saved residents and motorists in that axis about N87billion yearly, a report of the Junction Improvement Works carried out by a construction giant, Planet Projects Limited, has revealed.
The Bayelsa State Government has declared over N1.864billion as Internal Generated Revenue (IGR) for the month of October 2017 compared to previous months of of Bayelsa State about 700 and 800 million naira.
The Nigerian National Petroleum Corporation (NNPC) is seeking buyers who will pay $3.5 to $5 billion and get its value in crude oil between five and seven years.
OPEC will debate this week whether to cap oil output from Nigeria and Libya, which have so far been excluded from supply curbs due to falling production amid unrest, two sources with knowledge of the matter said on Wednesday.
The Olu of Warri, His Majesty, Ogiame Ikenwoli, has said the emergence of Chief Ayirimi Emami as the Ologbotsere of Warri, should unite and not divide the Itsekiri nation under his reign.
A Federal High Court in Lagos will on Jan. 23, 2018, resume hearing of a $406.8 million suit instituted by the Federal Government against Shell Western Supply & Trading Ltd, over crude oil shipment.
The Nigerian National Petroleum Corporation, NNPC, and Chevron Nigeria Limited, CNL, have executed the second and final phase of an Alternative Financing Agreement meant to increase crude oil production in the country by about 39,000 barrels per day.
Three militant groups operating in Akwa Ibom and Cross River States, the Niger Delta Volunteers (NDV), Niger Delta Peoples Volunteer Force, Niger Delta Strike Force have announced resumption of attack on all the oil and gas installations in the two states.
The Attorney General of the Federation, Mr. Abubakar Malami, has assured the oil producing communities of Niger Delta that the ministry would soon commence thorough investigation into the alleged misapplication funds accrued to oil producing communities in the Niger Delta region.
Angolan President Joao Lourenco dismissed Isabel dos Santos as chair of the state oil company Sonangol on Wednesday in a dramatic move against the family of the former president.
An ad hoc committee on the House of Representatives investigating revenue leakages in the oil and gas sector from January 2016 to January 2017, yesterday disputed claims by Chevron Nigeria that it flared only $15,000 worth of gas in its oil fields in 2016.
Minister of Health, Prof Isaac Adewole, has expressed gratitude to Chevron Nigeria Limited (CNL) for donating a total of US$5 million to Global Fund to tackle HIV, tuberculosis and malaria for the implementation of the Chevron-Global Fund Anti-Retroviral Treatment Service Maintenance Program (ART Program) in Delta, Bayelsa, Ondo and Lagos States.
An ad hoc committee of the House of Representatives on Sunday accused the Department of Petroleum Resources and the Central Bank of Nigeria of keeping $950m in a secret domiciliary account from 2011 and 2014 as against remitting the money into the Federation Account.
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Muslims in Rivers State have threatened to vote against Governor Nyesom Wike, in 2019 if he refuses to appoint a Rivers Muslim into his cabinet in the proposed minor cabinet resuffle.
The National Bureau of Statistics (NBS), says the total Internally Generated Revenue (IGR) generated at the state level was N931.23bn in 2017 fiscal year.
A member of the Board of Trustees of the Hydrocarbon Remediation Project, HYPREP, Mr. Mike Emuh, has said the seeming delay in the commencement of the cleanup of Ogoni land, was as a result of the special nature of the project, as well as economic and technical challenges.
Former Nigeria international Victor Ikpeba has claimed that Francis Uzoho will be the country’s first-choice goalkeeper at this year’s FIFA World Cup in Russia.
Poland captain, Robert Lewandowski, has reacted to his side’s defeat at home to Super Eagles in an international friendly match on Friday.
US President Donald Trump on Thursday authorized the suspension of controversial tariffs on steel and aluminum imports from key trade partners including the European Union.
The pair of Tobi and Rico Swavey emerged as the winners of Big Brother Naija (Double Wahala) “Duo Clip” special task sponsored by Nokia.
The West African Examination Council (WAEC) has banned teachers from private schools from supervising its examinations.
President Omar Al-Bashir of Sudan on Monday welcomed his Egyptian counterpart’s bid for re-election and pledged further cooperation after a year of rocky relations between the neighboring countries.
Russian diplomats recently expelled from the UK over the case of former Russian spy Sergei Skripal and their families left the Russian embassy in London on Tuesday and are heading to the airport in more than 10 cars, a Sputnik correspondent reported.