Economic and Financial Crimes Commission (EFCC) has said that the substantial part of the N500 billion recovered by the commission was through the whistle-blower policy.

It is no longer news that the Nigerian economy is battered. Virtually every sector is in the red needing urgent intervention. The oil sector, which is the backbone of the economy...

Report of a looming fuel scarcity again at this time of the year has come as a bad omen to many Nigerians, given the significance of this period in the life of the nation. The threat by oil marketers under the aegis of the Depot and Petroleum Products Marketers Association (DAPPMA) and the Independent Petroleum…

The Federal Government yesterday filed a $1.1 billion lawsuit against Royal Dutch Shell and Eni at a commercial court in London, United Kingdom in connection with a 2011 oilfield deal.

The Senate has approved $1 billion (about N307 billion) to be spent from the Federal Government share of the Excess Crude Account on the completion of the Ajaokuta Steel Company. It equally sanctioned that all loans and grants relating to the project be accommodated. The resolution followed the passage of the Ajaokuta Steel Company Completion…

Globacom, total telecommunications services provider, has developed a solution that will enable the Nigerian National Petroleum Corporation (NNPC) to ultimately automate its operations nationwide. The solution by Globacom, called Intelligent Wide Area Network (iWAN), will power connectivity across NNPC’s 139 locations across the country. With the successful launch of the project in Abuja on Tuesday,…

Nigeria’s Petroleum Technology Development Fund (PTDF), has said it would leverage existing in-country capacity available at the Nigerian National Petroleum Corporation (NNPC), and Nigerian Content Development Monitoring Board (NCDMB)....

The threat last week by oil marketers to shut down depots nationwide over unpaid subsidy debts shows that except something is done urgently to settle this matter; the usual fuel scarcity that defines Nigeria could resurface any moment across the country even as people are preparing for Christmas and New Year festivities. The question is…

The Nigerian National Petroleum Corporation (NNPC) has maintained that its withdrawal of $1.05 billion from the NLNG Dividend Account was legal.The Senate is currently probing the action, which it claimed was done to support fuel consumption.

In diverse tones dripping with discontent and disappointment, stakeholders in oil and gas sector have expressed...

Oil marketers have rebutted any agreement with the Federal Government to discontinue their planned industrial action hinged on the N800bn...

It should be of huge concern that the federal government is yet to fill the vacancies of 30 members of the Revenue Mobilization and Fiscal...