Integrated Oil, Chaired by former Minister of the Interior Captain Emmanuel Iheanacho, has debunked the allegations contained in the report on the fuel subsidy which state it is liable to the tune of N 13.2 billion for over-payments it received...

An oil spill in Nigeria for which Royal Dutch Shell is being sued for tens of millions of dollars in a London court was at least 60 times worse than it announced, a report by Amnesty International...

A US-based professor of Nigerian descent has sued the Governor of the CBN to court, accusing him of plagiarizing his works. Professor Dike who is a staff of the University of Sacramento, California says Sanusi breached his intellectual property...

Fifteen embers of the House of Representatives have rejected a foreign trip organized and financed by oil marketers. The oil marketers, who also benefitted from the subsidy payments had planned to fly the lawmakers to Houston on...

The  Odiologbo of Irri Kingdom, Isoko South Local Government area, Delta State, HRM Oviese Ojenuwe II, weekend, led a peaceful protest against Nigerian Agip Oil Company, accusing the firm of sidelining his people in the scheme of...

Following the public uproar that trailed the release of the adhoc Committee on Fuel Subsidy Investigation’s report, the Federal Government has begun to increase security in strategic areas where the Occupy Nigeria protests were quick to mushroom...

In reaction to the press statement released by the Nigerian National Petroleum Corporation (NNPC) stating that the subsidy report was altered, the Chairman of the House Committee on Media and Public Affairs, Mr. Zakari Mohammed has called...

N 999 million fuel subsidy paid to hitherto unknown firms 128 times in one day. The PPPRA has dispelled the charges of corruption surrounding the payments that brought  former Accountant General and present Governor of Gombe state,...

The Nigerian Stock Exchange appreciated slightly today, gaining +0.1% to close at 21,779.33. Selling pressure dulled the markets momentum even as the year-to-date performance on the bourse stands at 5.06%. Speculators cashed in on their previous gains...

Stanbic IBTC Bank, a member of Standard Bank Group, has announced its unaudited  IFRS  compliant results for the three month period ended 31 March 2012. Financial highlights Profit and loss accounts Net interest income of N8.3 billion,...