A House of Representatives ad-hoc panel has issued two weeks ultimatum to the Attorney General of the Federation, Abubakar Malami (SAN) and the Economic and Financial Crimes Commission (EFCC) to submit documents on the N6trillion undeclared proceeds of oil and gas exports. Others included in...

In a move certain to raise eyebrows reminiscent of the outcry over the proposal on the sale of the country’s strategic oil and gas assets, the Nigerian National Petroleum Corporation (NNPC) has said that it is working on new modalities that would allow it...

The Nigerian National Petroleum Corporation (NNPC) is set to work out modalities that would enable it exit Joint Venture cash call arrears by ensuring that outstanding and future payments are liquated from oil and gas royalties and taxes under a first line charge model. The...