A nationwide strike by Nigeria's Petroleum Union is on the cards from November 30. Workers are asking the government to investigate and arrest soldiers who allegedly shot at ... Read more »
The Economic and Financial Crimes Commission has told the Abuja High Court that it has gathered enough evidence to arrest more people people over their alleged involvement in the ... Read more »
Tullow Oil has discovered more oil in northern Kenya during its multi-well drilling campaign. Multiple finds have fueled the country’s hopes to become a petroleum producer and ... Read more »
A group of legislators opposed to the Oil Bill - which empowers the oil minister to terminate and grant contracts at will - have aligned themselves with civil society to protest ... Read more »
Most Nigerians have to rely on generators because of the epileptic power supply. Many businesses have also closed down because they cannot afford to buy expensive fuel from the ... Read more »
An official says the Nigerian government owes Nigerian National Petroleum Corporation more than U.S.$8.1 billion in subsidy payments. Read more »
The United States government expressed concern over delays in resumption of oil production, saying the move deprives the two Sudans of the revenue required to uplift their ... Read more »
The report of the Nuhu Ribadu-led Petroleum Revenue Special Task Force (PRSTF) is meant to change how the country's oil is managed, but because of vested interests, it is being ... Read more »
The pound has registered a sharp decline against hard currency following news that the resumption of exporting South Sudan's oil via Sudan might be delayed due to failure in ... Read more »
President Goodluck Jonathan believes removing the fuel subsidy is the only way to encourage private investment in the nation's refineries, despite months of protests and a costly ... Read more »
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