An Oil and Gas marketer, Emmanuel Morah, has been arraigned before a Federal High Court in Lagos State, over alleged fraud and issuance of dud cheques. The defendant was said to be among the convicts recently granted amnesty by the federal government on health grounds, but was yet to be released from the custody of
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Different government security outfits operating across the country have recovered stolen oil worth N86.2bn in August, according to energy sources. A total of 16, 000 litres of diesel valued at N800/litre (N12.8m) were on Monday reported to have been recovered by members of the Nigeria Security and Civil Defence Corps in Cross River. Speaking with
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The Nigerian government will privatise state-owned oil asset, Nigerian National Petroleum Corporation (NNPC), abolish key industry regulators to pave the way for new bodies and modify deepwater royalties, which in 2019 were altered, Reuters reported on Monday, after sighting a copy of the draft Petroleum Industry Bill (PIB) According to the agency, President Muhammadu Buhari
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