The Nuhu Ribadu-led Petroleum Revenue Special Task Force has detailed how the Nigerian government and national oil company, Nigerian National Petroleum Corporation, treat huge oil revenues accruing to the federation as a reserve of money that could be used for illicit purposes without accountability. Read more
PREMIUM TIMES, Tuesday in Abuja, signed a partnership agreement with the leading anti-corruption organisation, Integrity, on how to deepen the campaign against graft in the country. The partnership will require Integrity, a noted national voice in the anti corruption campaign, to use its capabilities in issue and policy analysis to provide content and advocacy support for […]
In what appears to be a desperate bid to cover his tracks in the murky $1.1 billion Malabu oil deal scandal, the Attorney General of the Federation, Mohammed Bello Adoke, plans to deceive federal lawmakers empanelled to investigate the scandal, through a scheme of half truths, selective disclosure, and in a number of instances, bare-faced […]
Egunje has many meanings and can be defined in many ways. To some, it connotes bribery and corruption, to others; it means defiance and losses. The cost of giving and receiving egunje has become more costly to the existence of our nation now than ever before. Since it has eaten into the very fabric of our nation, […]
(Reuters) – Royal Dutch Shell faces a lawsuit from four Nigerian villagers on Thursday in a case that could set a precedent for damage claims against international companies. view full text
The Federal Government in its determination to revamp the Port Harcourt, Warri, and Kaduna refineries is prepared to spend N250 billion. The federal Government has already spent $32 million (about N 4.9 billion) for materials needed. view full text
Not a few eyebrows have been raised over the fourth quarter fuel import allocation list soon to be released by the by the Petroleum Products Pricing Regulatory Agency (PPPRA). The agency which approves the list of oil marketers and traders approved to import petroleum products into the country has caused furore in the industry over its inclusion […]
Nigeria will sell 10,000 barrels per day (bpd) of its light sweet crude to an Indian State-run Bharat Petroleum Corporation (BPCL) based on a deal signed by Chevron and the Indian corporation. However, Reuters reported that the contract states that that Chevron will provide barrels of light sweet crude to the Indian company at the […]
The Nigerian National Petroleum Corporation has reiterated its determination to work with other stakeholders to grow the nation’s proven crude oil reserves from its current level of 37 billion barrels to 40 billion barrels by the year 2020. view full text
President Goodluck Jonathan has requested the approval of the National Assembly to receive another $8 billion loan for pipeline projects. Jonathan had asked the Senate to approve the borrowing under the Medium Term (2012-2014) External Borrowing Plan. view full text