A High Court in London, headed by Justice Andrew Burrows, has granted Nigeria’s plea to allow it proceed with the trial of JPMorgan Chase. The bank is alleged to have Continue Reading
Nigeria could start reducing its crude oil production in line with the OPEC-wide output cut agreed last December, President Muhammadu Buhari said as quoted by Nigeria media, speaking to a Continue Reading
The Nigerian government has ordered a number of non-Nigerian oil and gas companies to pay nearly $20 billion in taxes. Reuters news agency reported Thursday that the move could deter Continue Reading
As Nigeria continues to clamp down on tax defaulters, it has ordered some foreign oil and gas companies to pay nearly $20 billion in taxes owed to states, industries and Continue Reading
A surprise one-week delay in Nigeria’s presidential election, now set for Saturday, has further complicated a fractious contest, bringing new fraud accusations, fresh fears of post-election violence, and disruptions that Continue Reading
President Muhammadu Buhari on Wednesday in Abuja pledged the cooperation of Nigeria to the effort of oil-producing nations to reduce output to attract higher prices in the global market. A Continue Reading
State-owned Indian Oil Corp (IOC) has signed its first annual deal to buy US oil, paying about $1.5 billion for 60,000 barrels a day in the year to March 2020 Continue Reading
ABUJA (Reuters) – Politicians and voters across Nigeria expressed dismay and disappointment on Saturday after a national election was postponed hours before polls were due to open, with one opposition Continue Reading
The Nigerian Navy (NN) says it has destroyed no fewer than 637 illegal refineries in the Niger Delta in 2018, through “Operation River Sweep”. The Chief of Naval Staff, Ibok-Ete Ibas, Continue Reading
The Niger Delta Avengers (NDA)—the militant group responsible for most of the attacks on Nigeria’s oil infrastructure in 2016— resurfaced days before the Nigerian presidential elections this weekend, saying that Continue Reading
