By Seun Ibiyemi The House of Representatives Committee on Public Accounts has issued an ultimatum to eight oil companies, demanding that they appear before it within 72 hours to respond to allegations of non-remittance of ¦ 9.4 trillion in royalties…
The Nigerian National Petroleum Company (NNPC) Limited said it has ended its production sharing contract (PSC) relationship with China-based Addax Petroleum. The NNPC made the announcement via its official Twitter account on Tuesday, January 31. NNPC Group Chief Executive Officer,…
A Federal High Court in Lagos has directed the Nigerian National Petroleum Corporation (NNPC), Ministry of Petroleum Resources and National Petroleum Investment & Management Respondent Services (NAPIMS) from allocating crude oil to Addax Oil Exploration Plc. Justice Tijjani Ringim held…
