Alleged $8.4m AGO theft: Court dismisses oil Marketers no case submission
May 31, 2022 An Ikeja Special Offences Court on Tuesday dismissed the no-case-submission applications filed by two oil marketers charged with receiving $8.4 million from oil theft. The defendants, Yusuf…
NSCDC arrests 19 suspects, 81 vehicles at illegal oil storage site in Lagos
May 31, 2022 The Nigeria Security and Civil Defense Corps (NSCDC), Lagos State Command, says it has arrested 19 suspects and recovered 81 vehicles at an illegal oil storage site…
Diesel hike: Manufacturers expend N100 bn yearly on alternative energy source, suffer dwindling production capacity utilisation
March 17, 2022 The Manufacturers Association of Nigeria (MAN) on Thursday said feedback from its members indicated that production capacity utilisation was going down due to the unsustainable cost of…
Police in Delta State destroy illegally refined petroleum products
The Nigeria Police, Warri Area Command on Friday destroyed unquantified Automotive Gasoline Oil (AGO) and Kerosene suspected to be illegally refined in Mason community, Warri South Local Government Area of…
International Oil Company Owes FG $1.6bn in Taxes – EFCC Witness Alleges
Mr Emefun Etudo, a prosecution witness for the Economic and Financial Crimes Commission (EFCC) on Wednesday, alleged that and Trafigura PTE Ltd, an international oil company, owed the Federal…