FIRS settles $16m tax battle with Shell out of court

The Federal Inland Revenue Service of Nigeria (FIRS), and Shell Petroleum Development Company of Nigeria (SPDC) have settled out of court the lingering tax...

Court adjourns Adoke’s extradition trial over OPL 245 to June 18

Justice John Tsoho of the Federal High Court, sitting in Maitama, Abuja, has adjourned to June 18, 2018 for the arraignment of a former...

UK appeal court prevents Nigerian communities from pursuing Shell spill claim in England

The Court of Appeal in London ruled on Wednesday that two Nigerian communities cannot pursue Royal Dutch Shell in English courts over oil spills...

In bid for 24hr power, Ambode signs Lagos electricity reform bill into law

Lagos State Governor, Mr Akinwunmi Ambode on Thursday signed an important bill into law which will serve to guarantee 24-hour power supply in line...

Eni lawyer, 14 others arrested in Italy over OPL 245 scandal

A popular Italian lawyer working for oil giant Eni, Piero Amara, was arrested alongside 14 other people on Tuesday by Italian investigators over an...

CNOOC loses bid at Federal High Court to stop trial on $12b missing oil

Justice Rilwan Aikawa Aikawa of a Federal High Court, Lagos has struck out the preliminary objection filed by China National Offshore Oil Corp (CNOOC)...

Lagos Assembly passes embedded power supply law

The Lagos State House of Assembly on Monday passed a bill on Embedded Power Supply to further enhance the economy of the state, P.M....

Error in gas flaring law has cost Nigeria billions of Dollars – Adeosun

Finance Minister Kemi Adeosun has said that Nigeria plans to make gas flaring more costly for companies that have escaped the payment of billions...

NASS to amend Local Content Act following Egina probe

The Senate has said it will amend the Nigeria Oil and Gas Industry Content Development (NOGICD Act), 2010, noting that the existing law was...

APC C’ttee recommends state control of resources, revives onshore, offshore debate

The All Progressives Congress (APC) committee on true federalism Thursday submitted its report to the leadership of the party with one of its key...

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