The federal government is being owed at least N86.4 billion as at July 21, 2016 by marketers of petroleum products, according to Premium Times. The major culprits are members of the Major Oil Marketers Association of Nigeria (MOMAN) and the NNPC Retail (mega filling stations). The debts owed by the marketers are for products allocated to the... Read More

Capital Oil, Conoil, Femi Otedola, Forte Oil, Ifeanyi Ubah, mike adenuga, nnpc, Oando PLC, ppmc, Wale Tinubu

May 25, 2015

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Etisalat joins MTN and Airtel in #Petrocalypse

by Mobutu Sankara Looks like #Petrocalypse has taken more prisoners. This morning, Etisalat announced possible outages due to our current fuel problem. Following Airtel and MTN’s lead. Scarcity of Petroleum Products: Etisalat Announces Possible Outages To Network Operations pic.twitter.com/osvZJW9Q1O — Etisalat Nigeria (@etisalat_9ja) May 25, 2015 You know who hasn’t joined Etisalat, MTN, and Airtel?... Read More

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Airtel, Conoil, Globacom, MTN, petrocalypse

May 5, 2015

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Mike Adenuga offers N119bn to buyIvorian mobile phone company

by Chinwe Okafor Mike Adenuga has made a bid to buy Ivorian mobile telecoms operator Comium Cote d’Ivoire. According to Telegeography, the Nigerian billionaire and owner of Globacom (Glo) is lodging a $600 million(N119,400,000,000) takeover bid for Comium Cote d’Ivoire, a company that has been grappling with debt and cash flow problems. If the deal... Read More

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billionaire, Conoil, Glo, mike adenuga

September 25, 2012

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Wow! Oil companies owe Nigeria N1.57 trillion, greater than our capital budget

by Stanley Azuakola On Friday, the Country Chair of Shell in Nigeria, Mutiu Sunmonu expressed his dissatisfaction with the current Petroleum Industry Bill before the National Assembly. But before he goes about lamenting the bill, we wonder what his opinion is about revelations from the Nigeria Extractive Industries Transparency Initiative (NEITI), which audits the oil... Read More

Addax and ConocoPhilips, Chevron, Conoil, Eni, ExxonMobil, Mutiu Sunmonu, NEITI, nnpc, Ogbonnaya Orji, Shell, Total

August 18, 2012

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Major oil marketers accused of being behind planned fuel strike

by Akan Ido The Federal Government has revealed that the fuel scarcity currently being experienced by residents of Abuja, is caused by several companies found to have been involved in the fuel subsidy saga. According to the minister of Finance, Mrs. Ngozi Okonjo-Iweala, Conoil, which is owned by Mr. Mike Adenuga, and other companies such... Read More

Aigboje Aig-Imoukhuede, Bamanga Tukur, Conoil, fuel subsidy, Marketers, mike adenuga, minister of finance, ngozi okonjo iweala, strike

July 27, 2012

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Coroner issues warrant for oil companies, Red Cross over Dana Air crash

by Isi Esene A bench warrant has been issued on two oil companies, Conoil and Total Nigeria Limited, and the Red Cross Society of Nigeria. The warrant was issued by the coroner of Alimosho District in Lagos, Magistrate Oyetade Komolafe, who is saddled with the responsibility of conducting the inquest into the ill-fated Dana Air... Read More

Conoil, Dana Air, femi falana, red cross, TNL, Total

How NNPC, Tinubu, Adenuga, Otedola, Ubah, others owe Nigerian govt N86bn

Etisalat joins MTN and Airtel in #Petrocalypse

Mike Adenuga offers N119bn to buyIvorian mobile phone company

Wow! Oil companies owe Nigeria N1.57 trillion, greater than our capital budget

Major oil marketers accused of being behind planned fuel strike

Coroner issues warrant for oil companies, Red Cross over Dana Air crash

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