Nigeria sues over $12bn in ‘illegal’ oil exports Nigeria is suing several leading oil companies for $12.7 billion of crude oil that allegedly was exported illegally to the United States between 2011 and 2014, officials said Tuesday. The Federal High Court in Lagos is expected to begin hearings next week in cases filed against Nigerian subsidiaries of U.S. multinational Chevron, …

Eko Atlantic To Host Made in Nigeria Festival 2016  Eko Atlantic City, the emerging new smart city being built from reclaimed land adjacent to Victoria Island by leading real estate investment company in Nigeria, South Energyx Nigeria Limited (SENL), will play host to the 2016 edition of the Made in Nigeria Festival. Vice Chairman of South Energyx Nigeria Limited, a …

    The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has advised the Federal Government against advice from some Nigerians to sell the multi-billion dollar Nigeria Liquefied Natural Gas Limited (NLNG) to raise funds for the ailing economy. While the Federal Government thinks through plans to raise between $10 and $15 billion  (about N4.72 trillion) to boost the economy, prominent …