EFCC confirms plans to extradite Alison-Madueke

The Economic and Financial Crimes Commission (EFCC), Thursday confirmed that plans were in place to extradite a former Petroleum Minister, Diezani Alison-Madueke, Vanguard reports. Speaking...

Kano, Kaduna, Lagos listed as host communities in Reps new PIB

The new Petroleum Industry Bill (PIB) before the House of Representatives has expanded the concept of host communities to include some non-oil states, Daily...

Acting President Osinbajo finally signs 2017 budget into law

Acting President Yemi Osinbajo signed the 2017 budget into law on Monday afternoon, according to Sahara Reporters. The budget, dubbed the “Budget of Economic Recovery...

Reps approve 3 bills relating to PIB for second reading

Three bills relating to the Petroleum Industry Bill (PIB) yesterday scaled second reading in the House of Representatives, The Sun reports. They include a “Bill...

In turnaround EFCC blocks Diezani’s offer to return to Nigeria for trial

The Economic and Financial Crimes Commission on Wednesday successfully blocked an attempt by embattled former Petroleum Minister, Diezani Alison-Madueke, to return to Nigeria from...

An Introduction To Joint Operating Agreements – Part 1

It is a well known fact that economic activities such as oil and gas exploration are fraught with high costs and extreme risks. Thus,...

Enugu DisCo managers jailed for 3 months over crazy bills

An Anambra State High Court sitting in Onitsha on Tuesday jailed the Manager and Marketing Manager of the Enugu Electricity Distribution Company Onitsha district...

Senate withdraws N5 fuel levy bill

After serious opposition from members, the controversial National Road Fund Bill has been withdrawn from the Senate, The Guardian reports. In sourcing for revenue for...

Barkindo says OPEC to legalise oil cut arrangements with OPEC non-members

OPEC Secretary-General, Mr Mohammed Barkindo has said that following the success of the second joint Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC meetings,...

Appeal Court adjourns till June 5 in Chevron vs Brittania-U appeal

The Court of Appeal sitting in Lagos, has adjourned till June 5, 2017, to hear the appeal by Chevron USA Inc. and others against...

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