Group to EFCC: Hasten Probe of ex-Petroleum Minister, Sylva The Centre for Human Rights and Socio-Economic Justice has asked the Economic and Financial Crimes Commission (EFCC) to speed up investigations of its petition, requesting probe of Mr Timiore Sylva, immediate past minister of state for...

Lower Oil Sector Taxes Guaranteed In New PIB - Sylva         The Minister of State for Petroleum Resources, Mr. Timipre Sylva has said that Nigeria’s long-awaited Petroleum Industry Bill (PIB) will include low tax provisions to sustain stable investments in the country’s oil sector. Sylva equally noted...

We’ll Commence Oil Exploration In Chad Basin Soon – Fed Govt         The Federal Government on Wednesday said it was willing to resume oil exploration in the Lake Chad Basin. The exercise was suspended by the government in July 2017 after suspected members of Boko Haram attacked...

IPPIS: FG Gives Oil Workers Thursday Deadline To Register   In a renewed effort aimed at getting all workers in its employment to enroll on the Integrated Personnel and Payroll System (IPPIS), the federal government has issued a fresh directive to all staff of ministries, departments...

Nigeria Loses N160bn To OPEC Production Cut   Nigeria is projected to have lost over N160 billion in deferred revenue to a cut in the daily crude oil production by members of the Organisation of Petroleum Exporting Countries (OPEC) in May. However, the impact on gross receipts...

Customs Get Approval To Spend N623.7m On Computers     The Federal Executive Council on Wednesday approved N623.7m for the Nigeria Customs Service to buy computers for its zonal and area commands. The council also approved N2.92bn for the construction of the Nigerian Oil and Gas Parks Scheme...