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The indebtedness of oil companies to the Federal Government regarding royalties and taxes has reportedly reached $6.175 billion. Naija News reports that details of the debt...
The Central Bank of Nigeria (CBN) has issued a notice, dated February 14, 2024, informing international oil companies that they are no longer permitted to repatriate...
The Nigeria Extractive Industries Transparency Initiative (NEITI) has sent a stern warning to International Oil Companies (IOCs) in the country over outstanding debts. Naija News understands...
Niger Delta has been considered unsafe for oil firms to return for operation without first tackling the current security challenges in the region. Reacting to a...
Nigerian soldiers reportedly clashed with some angry mobs in Mgbala Agwa community in Oguta Local Government Area of Imo state following a breach of an agreement...
The Delta State Governor, Ifeanyi Arthur Okowa has banned all forms of protest by youths and communities at the offices of the international oil companies (IOCs)...
The administration of President Muhammadu Buhari alongside the Nigeria Extractive Industries Transparency Initiative (NEITI), has released a list of the real owners of oil assets and...
Nigerian Senate has asked three of its committees to probe seven different international oil companies after their alleged refusal to remit about $21 billion to the federal...
Nigeria’s Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has urged operators in the oil and gas sector to step up their game on investment...