Nigeria seizes N7.6b from Diezani Alison-Madueke
A Nigerian court seized $21 million on Monday from bank accounts linked to a former oil minister accused of corruption as investigators continue to claw back her fortune.
Nigeria’s oil sector gets N61b local content intervention fund
A $200 million (N61 billion) fund to finance contracts obtained by Nigerian firms working in the oil and gas sector has been launched.
Dollar slumps on Russia probe report, Tokyo stocks slide
The beleaguered dollar struggled to recover from a fresh slump Friday triggered by a report on the probe into alleged Russian interference in the US election.
Nigeria signs oil financing deals with Shell, Chevron
Nigeria has signed financing deals with oil majors Shell and Chevron to develop projects that would boost reserves and revenue, the state-run oil firm said on Thursday.
National petroleum policy will increase investments in oil, gas sector – Kachikwu
The Ministry of Petroleum Resources says the new National Petroleum Policy will ultimately remove barriers affecting investment and development of the oil and gas sector in Nigeria.
10 kidnapped on Nigeria oil exploration mission
Gunmen believed to be Boko Haram Islamists have kidnapped 10 members of an oil exploration team in northeast Nigeria, colleagues and the state-run oil firm said on Wednesday.
Soldier killed in attack on military personnel in Delta
One soldier was killed and several others injured in an attack on military personnel in Nigeria's oil-rich south, a security source said on Thursday, in the second incident this month in the restive region.
Niger Delta Communities Demand Stake in Ex-Shell Oil Block
A group of communities in Nigeria’s Niger River delta demanded a stake in an oil block it said it was promised when Royal Dutch Shell Plc sold its share to a local company six years ago.