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NNPC Resumes Oil Search In Chad Basin

The Nigerian National Petroleum Corporation (NNPC) said it was set to resume oil search in the Chad Basin following the remarkable improvement in the...

FG Faults N200Billion Outstanding Oil Subsidy Claims By Markerters

The Federal Government has refuted claims of the N200 billion outstanding payment on subsidy by by oil marketers. The stance was made during a press...

#Flashback: Oronto Douglas’ Revealing Interview On The Niger Delta Situation (READ)

Oronto Douglas is Deputy Director of Environmental Rights Action in Nigeria. A human rights attorney who was on the defense team of environmental activist...

Fuel Scarcity: Oil Marketers’ Cartel Holding Nation To Ransom – Okonjo-Iweala

The federal government has denied owning oil marketers N200 billion. According to Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo- Iweala,...

IMF Calls For Currency Depreciation In Nigeria

A call for further depreciation of Nigeria's currency and seven other oil exporting West African Countries has been made by the International Monetary Fund...

Dollar Sales By Oil Firms Boost Naira

NAN - The naira remained steady on the interbank forex market on Wednesday as large dollar sales by oil companies increased liquidity. This came a...

Allison-Madueke Grants An Interview And Global Oil Price Rises

Nigeria's Minister of Petroleum and current President of the Organisation of Petroleum Exporting Countries (OPEC). Diezani Allison-Madueke on Monday, February 23, 2015 granted an interview...

EFCC Set To Arraign Syndicate For N115Million Oil Deal

The Economic and Financial Crimes Commission, EFCC, is set to arraign Emmanuel Owoicho, Managing Director, Owoema Resources Limited and five others over an alleged...

EFCC Arrests Two Men Over Alleged N500 Million Oil Scam (PHOTO)

Two suspected fraudsters Michael Oghenemi Morowie and Emmanuel Owoicho according to a statement released by the Economic and Financial Crimes Commission, EFCC have been...

CBN Devalues Naira To N168 Per US Dollar

Nigeria's apex bank has announced a new official Naira-to-Dollar exchange rate, forcing down the Nigerian currency by 13 Naira as efforts to reshape the...

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