Oil

The Acting Chairman of the Economic And Financial Crimes Commission, EFCC, Mr. Ibrahim Magu has cautioned illegal oil bunkerers in the Niger Delta region to avoid engaging in oil theft and economic sabotage henceforth. He revealed this today in Port Harcourt, Rivers State as he addressed the Media. According to ...

Human Right lawyer, Chief Femi Falana, has urged President Muhammadu Buhari to avoid allotting oil blocs to individuals in Nigeria, else he’ll drag him to court. He disclosed this as a guest lecturer at a Public lecture entitled “Politics In Nigeria, Finding A Balance Between Political Interest And The Demand ...

Delta State Governor, Ifeanyi Okowa and Deputy Senate President, Senator Ovie Omo-Agege believe the relocation of multinational oil companies from Urhoboland to other parts of Nigeria is as a result of the youth restiveness and illegal development levies in the area. Having their say during the 2nd Urhobo Economic and ...

The Minister of State for Petroleum Resources, Chief Timipre Sylva, has urged ExxonMobil and other International Oil Companies (IOCs) to collaborate effectively to make sure the oil and gas sector is lucrative and efficient in Nigeria. Timipre revealed this in a recent statement signed by Alhaji Garba Deen Muhammad, his ...

Minister of Women Affairs, Dame Pauline Tallen, has urged women in the Nigerian oil and gas industry to work towards the proper discharge of their duties to make sure they stay relevant and make meaningful impact in the industry. Speaking at the 4th Women in Petroleum and Natural Gas Senior ...

The Economic and Financial Crimes Commission, EFCC, yesterday said it arrested two suspected fraudsters who allegedly defrauded a foreign investor of $7.99 million through a non-existent oil deal. Spokesman for the commission, Wilson Uwujaren, who gave the identities of the suspects as Victor Uwadiale and Captain Nnaji Everest, said they ...

Nigerian artistes are beginning to invest in oil business and the Limpopo master is not left out as he has joined Psquare and Don Jazzy in the oil money business. Last year he said he was investing in oil & gas. Apparently he has as he shared photos from an ...

Even musician, Kingsley ‘Kcee‘ Okonkwo, knows that having multiple streams of income is the way to go. The ‘Limpopo’ master said last year that he was looking into the oil and gas sector for the purpose of investing. Looks like he finally decided to go for it. The star shared ...

Nigerian Michael Prest has lost a legal battle with his estranged English wife Yasmin over a �17.5m�divorce settlement. The Supreme Court judgement marks the latest round of a lengthy legal cash dispute between the couple over the oil tycoon’s fortune. In October, the Court of Appeal ruled that a High ...

No fewer than seven persons were feared dead and 52 houses burnt when the people of Enugu-Otu Aguleri in Anambra East Local Government Area of Anambra State and Ashonwo/Odeke in Ibaji Local Government Council of Kogi State engaged in a bloody clash over disputed land on their oil rich borders. ...