It is being reported that the Central Bank of Nigeria is responsible for the controversial off-shore U.S. account with J.P. Morgan into which billions of dollars in oil monies is ... Read more »
An audio tape said to be a recorded conversion between Farouk Lawan and Chief Femi Otedola over alleged bribery has been aired on television. Lawan is accused of collected $620,000 ... Read more »
The new head of Nigeria's state oil corporation, Andrew Laah Yakubu, has pledged "transparency and accountability" after taking over from his predecessor, who was fired by the ... Read more »
President Goodluck Jonathan has replaced the head of the National Petroleum Corporation, the state body through which the government regulates and participates in the oil industry. Read more »
The deputy minister of petroleum has warned of environmental and social dangers involved in the construction of the long-awaited oil pipeline. Read more »
A U.S.$250 Million loan has been awarded to Kenya Petroleum Refineries Limited to upgrade its oil refineries but it is not certain whether consumers will pay less for fuel. Read more »
Parliamentary Committee on Ethics and Privileges is to probe allegation of bribery against Rep. Farouk Lawan by oil baron Femi Otedola. Read more »
The austerity measures that government is currently applying to restore the struggling economy are a reflection of the level of bankruptcy in state coffers says Finance Minister ... Read more »
The Texas-based Anadarko Petroleum Corporation announced that it has found even more natural gas in the Rovuma Basin, off the coast of the northern province of Cabo Delgado. Read more »
58 suspected criminals alleged to be involved in armed robbery, illegal oil theft and kidnapping were located in Delta State. Read more »
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