Reps to probe Adeosun’s suspension of SEC DG

The House of Representatives, yesterday, resolved to probe all allegations of corruption in the Securities and Exchange Commission (SEC), which led to the suspension...

Maritime workers set to shut Saipem over alleged N10bn debt

The Maritime Workers Union of Nigeria (MWUN) has vowed to shut down the operations of Saipem in Nigeria over the company’s indebtedness running into...

Reps order NNPC, NPDC to pay $1.5bn in unpaid royalties

The House of Representatives ad-hoc committee investigating over N1.6trillion revenue leakages yesterday asked the Nigerian National Petroleum Corporation (NNPC) and Nigeria Petroleum Development Company...

W’Bank provides $350m loan to Nigeria for rural electrification

The World Bank on Tuesday announced the provision of a $350m loan (N107.4bn at the official exchange rate of N307 to a dollar) for...

SEC informs Oando of decision to proceed with forensic audit

The Securities and Exchange Commission (SEC) has renewed its resolutions on the conduct of a forensic exercise on the activities of Oando Plc, The...

Dutch law firm seeks criminal case against Shell and its CEO over OPL 245

A Dutch law firm has asked the public prosecutor in the Netherlands to file a case against Royal Dutch Shell, its CEO and former...

Judge orders temporary forfeiture of N1.5bn properties linked to Alison-Madueke

Justice Mojisola Olatoregun of the Federal High Court has granted a request by the Economic and Financial Crimes Commission for the temporary forfeiture of...

Reps to probe TCN over delay of $300 million power project

The House of Representatives says it will investigate the delay in the execution of the $300 million Nigeria Electricity and Gas Improvement Project (NEGIP)...

Senate gives Total 1 week to provide details of $16bn Egina project

The Senate yesterday gave Total Upstream Nigeria Limited (TUNL) one week to appear before it and supply detailed information with reference to Nigerian content...

DPR approves Ororo field environmental studies ahead of drilling campaign

Sirius Petroleum (AIM: SRSP), the investing company focused on oil and gas exploration and development opportunities in Nigeria, is pleased to announce that Guarantee...

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