Nigeria's Oil & Gas

Nigerian court orders fresh trial of Blue Dolphin Limited over illegal oil bunkering

Justice Philomena Ekpe of the Court of Appeal, Calabar division, Cross Rivers State,   on Tuesday, May 19, 2020  set aside the decision of a Federal High Court sitting in Uyo, Akwa Ibom State, which acquitted Edward...

Femi Adesina: Averting the road to Venezuela

Let’s tell the story of Venezuela, because it bears striking similitude with that of Nigeria. Just like us, Venezuela is rich in oil, very rich. At a time, the county’s problem was not...

President Buhari extends tenure of NDDC interim management committee

President Muhammadu Buhari has extended the tenure of the Professor Keme Pondei-led Interim Management Committee of the Niger Delta Development Commission (NDDC) from May 1 to December 31, 2020. The extension is to...

Atiku Abubakar writes an opinion article on “how to pull Nigeria from the brink”

On Monday, April 27, 2020, British oil and gas giant, BP, became the latest in a growing number of energy firms to declare a massive quarterly loss. Their loss was in the region of $4.4 billion dollars. Bear...

Agip Oil disregarded COVID-19 safety measures and put Nigerians at risk, group says

The Nigerian Oil AGIP Company Limited, a multinational oil and gas producing firm, disregarded safety measures and put Nigerian staff at risk, the National Youth Response Group said in a statement received by TODAY NEWS AFRICA...

Nigeria to cut down N10.59 trillion 2020 budget over fall in oil prices

The Nigerian Senate on Tuesday said a cut to the N10.594 trillion budget for 2020 passed by the National Assembly on December 5, 2019, was “inevitable” following the crash in crude oil prices.

Buhari government to SERAP: We have no record on spending of $5 billion Abacha loot

The Buhari administration has told the Socio-Economic Rights and Accountability Project (SERAP) that it has no records on the exact amount of public funds stolen by a former military head of state, Sani Abacha and...

Falling oil prices: A challenge for Nigeria to look inwards – Lawan

President of the Nigerian Senate, Ahmad Lawan on Wednesday said the global falling price of crude oil should be a challenge for Nigeria to devise other means of growing the nation's economy. Speaking...

Nigeria Senate proposes stiffer sanctions for gas flaring from 2021 as Nigeria loses N217 billion annually

The Nigeria Senate on Thursday considered a bill which proposes stiffer sanctions for any person or corporate entity involved in gas flaring in Nigeria from January 1, 2021. The Gas Flaring (Prohibition and...

2020 could be Shell’s year of human rights abuses reckoning in Nigeria – Amnesty

In 2020 Shell will face unprecedented legal scrutiny over decades of human rights abuses in Nigeria, Amnesty International said on Monday, as the oil giant braces itself for conclusions in a string of European court battles....

Latest News

Trump administration asks African Development Bank to re-investigate its embattled President Akinwumi Adesina accused of nepotism and favoritism

The Donald Trump administration has written the African Development Bank, urging the continent’s biggest multilateral lender...

Akinwumi Adesina to step back as African Development Bank agrees to probe him again after Trump administration pressures

The African Development Bank’s board has agreed to open a fresh independent investigation of its President Akinwumi Adesina following pressures from the...

Trump administration asks African Development Bank to re-investigate its embattled President Akinwumi Adesina accused of nepotism and favoritism

The Donald Trump administration has written the African Development Bank, urging the continent’s biggest multilateral lender to reopen an investigation into...

African Development Bank: Tolling Bells for Humanity – Perspectives by Equatorial Guinea’s Minister of Finance Cesar MBA ABOGO

COVID-19 is severely testing Africa's social, economic and political resilience. While it is true that our countries are taking bold actions to...

African Development Bank approves €188m ($204m) loan for Mauritius to respond to COVID-19

The African Development Bank has approved €188 million ($204 million) loan for Mauritius to respond to the COVID-19 pandemic, the Group’s Board of Directors said...

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