Fuel Sales: NNPC, Tinubu, Adenuga, Otedola, others owe Nigerian govt N86.4 billion
Some firms have started repaying for distribution of products over the last 10 years.
INVESTIGATION: Secret documents expose Nigerian oil mogul’s offshore hideaways
The Panama Papers reveal dealmaker’s backstage maneuverings as he hung with celebrities and criminal investigators closed in
NEITI to partner EFCC to tackle financial crimes in Nigeria’s oil sector
NEITI says the Nigerian government has never tried to censor its reports.
Non-remittance to NDDC: NASS issues bench warrant on 8 oil companies
Rep. Uzoma Nkem-Abonta wants NDDC accounts subjected to forensic auditing.
Niger Delta Avengers strikes again, restates vow to bring Nigeria’s oil production to ‘zero’
The militant group announced its latest attack on oil installation on Thursday.
Nigerian pilots, engineers, shun NLC, back govt. on fuel price hike
NAAPE says it will not allow pilots and aircraft engineers to join any strike
NNPC, others lifted 62million barrels of crude in July
Record shows about 58.31 million barrels of wellhead production was short of actual figure
Infographic: Marginal fields and its poor performance
Marginal fields are oil and gas reserves usually too small for production to be economically viable for large oil companies. They are usually awarded to indigenous companies to explore considering the size of the reserves. There is widespread agreement that past awards of marginal oil fields in Nigeria have not delivered maximum value, either for […]
Fuel crisis looms across Nigeria as supply drops by 36 million litres
NNPC workers are pressing for the resolution of issues regarding pensions’ management.
NNPC begins payment of N206billion debt owed Federal Govt.
Federal, States and Local Governments shared N611.77 billion for August.
Nigeria’s oil revenue rises by 4.3% in second quarter 2014
The increase in oil receipt relative to the proportionate budget estimate was attributed largely to the rise in the other oil revenue during the review period.
Malabu-like deals cost Nigeria, other developing nations $1 trillion yearly — Report
The losses are funds generated from the exploitation of natural resources and tax revenues siphoned from developing countries. The $1.1bn Malabu deal is an example
Nigeria realises N2.432 trillion oil revenue between January, April
N622.9 billion was made from gross oil revenue receipts for April alone. The latest monthly Economic Report by the Central Bank of Nigeria, CBN, showed that about N622.9 billion was made from gross oil revenue receipts for April alone. The figure was lower than about N689.1 billion realised in March by about 9.6 per cent, […]