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Nigerians bid to sue Shell in U.K. over oil-spill pollution

Thousands of Nigerians are asking British judges to give them permission to sue Royal Dutch Shell Plc in London over environmental damage...

Seplat reveals new shareholder with over 5% equity

Seplat Petroleum Development Company Plc, a leading Nigerian indigenous oil and gas company, has announced a new shareholder with over 5% equity...

Fuel marketers’ profits drop to N3.58bn, two suffer N1.57bn loss

Most of the major fuel marketers in the country have released their financial results for the first quarter of 2020 which showed...

FG gives oil workers Thursday deadline to enrol on IPPIS

In a renewed effort aimed at getting all workers in its employment to enroll on the Integrated Personnel and Payroll System (IPPIS),...

West African LNG exports resilient amid coronavirus impact

In the face of economic turmoil triggered by the coronavirus pandemic, exports of Liquefied Natural Gas (LNG) from Nigeria and other West...

OPEC+ panel goes tough on oil cut quota defaulters

…Nigeria, other violators have until June 22 to detail cuts Nigeria, Angola and other signatories to the OPEC+ agreement...

Seplat Petroleum transfers OMLs 4, 38, 41 to Seplat West Limited

Seplat Petroleum Development Company Plc, a leading Nigerian indigenous oil and gas company dual listed on the Nigerian Stock Exchange and London...

NNPC publishes maiden audited financial accounts

The Nigerian National Petroleum Corporation (NNPC) made history on Friday with the publication of its first audited financial statements after 43 years...

DPR unveils strategic policy for oil industry survival

The Department of Petroleum Resources (DPR) has unveiled its strategic plan and policy actions for the survival and success of participants in...

FG earmarks 53% petroleum industry COVID-19 funds for medical infrastructure

…Commences building of facilities in three states The Nigerian Petroleum Industry Intervention on Covid-19 has set aside 53 per...

Deadline extended for Nigeria’s marginal oilfield bid round

The deadline to register to bid for Nigeria’s marginal oilfields has been extended by a week, the Department of Petroleum Resources said...

“Discordant tunes distort PPPRA’s PMS pricing regime”- Expert

The euphoria surrounding low pump prices of petroleum products in Nigeria may prove to be short-lived as a result of uncertainties surrounding...
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Trafigura strategic alliance qualifies for Nigeria’s marginal oilfield bid round

ADM Energy PLC has qualified to participate in the Nigerian government’s first oilfield licence bid round since 2003.

Hellenic Shipping reports dip in Nigerian cargo import volume

…Experts forecast NGN1bn daily loss The economic effects of the novel coronavirus (COVID-19) may begin to manifest in the...

C&I Leasing raises N2.3bn fresh capital to boost operations

C & I Leasing Plc has raised about N2.26 billion through a rights issue to boost its operation. The company had set...

LASWA deploys safety systems on waterways ahead of bridge closure

The Lagos State Waterways Authority (LASWA) says it has deployed measures to ensure maximum safety for commuters who choose waterways, following the...