NNPC confirms petroleum spillage in Lagos suburb

Nigerian National Petroleum Corporation, NNPC, yesterday, confirmed the oil spillage at Ejigbo area of Lagos State which occurred in the early hours of Saturday,...

NCDMB fund hits $200m, commits N2bn to construction of fabrication yards

The Nigeria Content Development and Monitoring Board, NCMDB, said it currently has over US$200 million in its Fund, to promote the execution of projects...

AFC, Nigerian banks provide funds for N34bn Ughelli plant acquisition

Africa Finance Corporation and three Nigerian banks — United Bank for Africa Plc, First City Monument Bank Plc and Fidelity Bank — yesterday, stated...

FG risks $185bn loss over the next 10 years from PIB – Exxon Mobil...

Nigeria risks losing $185bn within 10 years as higher taxes proposed by a new law will deter investments in the country’s oil industry, an...

NSCDC, security officials uncover wells filled with petroleum products, crude in Lagos, Kogi

Officials of the Nigeria Security and Civil Defence Corps (NSCDC),  Lagos State Command and the Inspector General of Police Special Task Force on Anti-pipeline...

Destruction of recovered stolen oil angers experts

Stakeholders in the Nigerian oil and gas industry have condemned the destruction of recovered stolen crude oil in the Niger Delta by the Joint...

Navy hands over oil thieves apprehended in Bayelsa to EFCC

For 11 Nigerians and a Camerounian suspected  of oil theft, the day of justice is approaching. The end of the road in their nefarious...

$940m lost to piracy in Gulf of Guinea – Nigerian Navy

The Nigeria Navy, NN, authorities say piracy in the Gulf of Guinea, GoF, cost the world economy about $940 million last year, with an...

Nigeria lost over $100 billion to foreign crude tankers in 5 decades – NCDMB

The Nigerian economy lost over $100bn in five decades by allowing its crude oil to be carried exclusively by foreign owned tankers, the Executive...

Acquisition Of Upstream Oil & Gas Assets In Nigeria: Legal Issues To Consider

With the gradual shift away from Nigeria's shallow waters to deep offshore fields by the oil majors, as has been further highlighted by recent...

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