There are strong indication that the implementation of the 2019 budget if passed may face serious obstacles following the decision of the Organisation of Petroleum Exporting...
Electricity consumers in Nigeria may soon be forced to pay more tariff to the Transmission Company of Nigeria (TCN) in order to facilitate the company’s efforts...
Five oil companies operating in the country are said to have failed to remit over $1bn in taxes to the federal government. Chairman of the Special...
Oil prices remained steady after falling 2 percent in the previous session, but remained under pressure amid weaker growth in major economies and concerns about oversupply....
The government of Nigeria is suing Royal Dutch Shell Plc, Eni SpA and other companies for more than $1 billion over a 2011 oil deal it says...
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), says it has suspended its earlier directive to commence shutdown of depots across the country from...
Less than 24 hours after the Federal Government announced that it would pay N236bn to oil marketers this Friday as the first tranche of the outstanding...
Following widespread backlash over the award of oil infrastructure surveillance contract to an indigenous firm, Ocean Marine Solutions for the protection of the strategic 87-kilometre Trans...
Shell Petroleum Development Company of Nigeria (SPDC) has signed an agreement with Geometric Power Aba Limited (GP) and Gas Aggregation Company of Nigeria (GACN). The...
Oil marketers have given the federal government a seven-day ultimatum to settle outstanding debts totalling N800 billion, failing which depots would cease operation across the country....