Senate receives oil industry reform bill, prepares for debate

Nigeria's senate will debate a long-awaited oil industry reform bill after receiving the draft law on Thursday, the latest step in efforts to overhaul...

GE directs Arco to vacate Agip’s contract site, despite court order

Despite the subsisting order of a Federal High Court that all parties should maintain the status quo, General Electric (GE) International Operations Nigeria Limited...

APC calls on FG to scrap and replace Petroleum Industry Bill

Nigeria’s ruling party, the All Progessives Congress (APC) recommended that the federal government discard a long-delayed oil-industry bill, Bloomberg reports. The Petroleum Industry Bill should...

UK court determines 10-year $310m contract dispute in favour of NNPC

A United Kingdom (UK) Commercial Court sitting in London has ruled in favour of the Nigerian National Petroleum Corporation (NNPC) in a suit filed...

NLNG declares force majeure over NIMASA’s blockade

Nigeria’s export of gas has suffered a major setback as the Nigeria Liquefied Natural Gas (NLNG) said yesterday it had declared force majeure on...

Govt assures on PIB’s passage

The Federal Government has given assurance of passage of the Petroleum Industry Bill (PIB) before the expiration of the current National Assembly. The Permanent Secretary...

Court adjourns LADOL case to March 11

Justice Chukujekwu Aneke of the Federal High Court, Lagos has adjourned to March 11 hearing in a suit between Lagos Deep Offshore Logistics and...

Malabu deal: House asks Adoke to amend letter on oil transaction

The House of Representatives has recommended that the Attorney General of the Federation (AGF) and Minister of Justice, Mr. Muhammad Adoke, should amend his...

High Court restrains Afren from dissipating its Nigerian assets

A Lagos High Court sitting in Lagos has restrained Afren Plc, from dealing with any of its assets in Nigeria or taking any further...

Ex-Petroleum Minister, Diezani, allegedly forfeits $153.3m to Nigeria

Former Nigerian oil minister, Diezani Alison-Madueke, temporarily forfeited $153.3 million to the Nigerian government on Friday, Premium Times reports. This was sequel to an order by...

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