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Senate to investigate N1.2trn oil revenue loss

The Senate on Tuesday constituted a seven-man Adhoc committee to investigate a N1.2 trillion oil revenue loss to the Federal Government owing to a...

How companies failure to pay tax fuelled poverty in Nigeria –...

SERAP has revealed how over $8bn oil and gas assets were sold between 2005 and 2015 by Nigerian governments without any account for Capital Gains Tax deepening poverty in the country

$3.09bn: FG drags Chinese oil firm, Adax Petroleum to court

The Nigerian government has commenced legal action against the Chinese-owned oil firm, Addax Petroleum Development Nigeria Limited, over the company's alleged under-remittance of $3...

Paddy Adenuga pens how he almost acquired Chevron Netherlands for $50m

At 29, Paddy Adenuga sought to become one of the biggest names in the oil and gas industry globally. He was close to clinching...

Chinese oil company Sinopec to sell Nigeria business

China's Sinopec Group has hired BNP Paribas to sell its oil business in Nigeria and Gabon, three people with knowledge of the matter said,...

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