The National Industrial Court, on Wednesday, dismissed a defamation suit filed by Mr Godwin Akpan against Mobil Producing Nigeria for lacking in merit.

Automobiles plying Nigerian roads are at risk of not getting routine maintenance because of costly lubricants and parts.

The Federal High Court in Abuja has awarded N81.9 billion cumulative damages against Mobil Producing Nigeria Unlimited and its joint venture (JC) partner, the Nigerian National Petroleum Corporation (NNPC).

However, from late 1950 up till 1970, the world cocoa price witnessed a continuous decline, falling by over 75% as of 1969. This engendered an increase in the cost of living and import shortages.

Nigerian National Petroleum Corporation (NNPC) yesterday said it has paid Mobil Producing Nigeria (MPN) $833.57 million cash-call arrears. The corporation had, two years ago, signed cash-call repayment agreement with its joint venture partners to defray arrears within five years. Group Managing Director (GMD) of NNPC, Dr. Maikanti Baru, stated last night that the feat was…

Indigenes of Kampa communities in Eastern Obolo local council of Akwa Ibom State have lost a N24.3 billion suit filed against Mobil Producing Nigeria after the Court of Appeal, Calabar Division struck it out.    In the suit filed on their behalf by one Chief Benjamin Pepple at the Federal High Court, Uyo Division, they had alleged…

Turbulence in the political arena has sparked massive dumping and induced sell pressure on the equity sector of the Nigerian Stock Exchange as stock market investors lost N257 billion...

Deregulation of Nigeria’s downstream oil industry has been identified as the panacea for the myriad of issues facing the sector, as non-government interference being...

Trading on the floor of the Nigerian Stock Exchange (NSE), continued on a decline yesterday, occasioned by price losses impacted on major highly capitalised stocks, especially Nestle, and Mobil, resulting to a further slide in market capitalisation by N124billion.

Price losses yesterday continued to outweigh gains on the trading floor of the Nigerian Stock Exchange (NSE), as most blue-chip companies, especially Seplat and Mobil...

In the light of this, the then Mobil Producing Nigeria Unlimited, and now, ExxonMobil, transformed the fishing town of Ibeno and the entire Eket in Akwa-Ibom State to what it is today because their tank farm...

Three suspected militants have been arrested by the Akwa Ibom State Police command in their hotel rooms in Eket.