Petroleum

Economic challenges jack up Dangote refinery’s construction cost 100%

FROM its initial estimated cost of $9 billion, the total cost of constructing the Dangote refinery and petrochemical plant...

NARTO seeks inclusion in PIA implementation

THE Nigerian Association of Road Transport Owners (NARTO) leadership has asked the Federal Government not to keep the association...

No more price band, marketers now free to fix petrol price – FG

THE Federal Government on Tuesday says major and independent marketers are now free to fix the retail price of...
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Illegal oil dealer sentenced to 2 years in prison

FOUND guilty of unlawfully dealing in petroleum products, Chigozie Oguadimma was on Tuesday sentenced to a two-year prison term...

Ship forfeited to FG for illegally importing petroleum spotted at Elegushi discharging fuel into tankers

AN oil vessel, which was ordered to be forfeited to the federal government two years ago, has been spotted...

#WestAfricaLeaks: Dantata’s MRS, Chevron billion dollar deal raises tax avoidance concern

  By Bassim Al-Hussaini MRS holdings Ltd, oil marketing company of Nigerian billionaire, Sayyu Dantata, and international oil giant, Chevron, are at...
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EFCC Re-Arraigns Jide Omokore For $1.6 Billion Fraud

Jide Omokore, a billionaire oil magnate and anwqswaqwaq ally of former Minister of Petroleum Resources, Diezani Alison-Madueke, has been re-arraigned by the Economic and Financial Crimes Commission, EFCC, on a nine-count charge of criminal diversion of about $1.6 billion reportedly from the proceeds of petroleum products belonging to the Nigerian government.

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