Aiteo sues Shell for $2.5bn over OML 29 sale

Aiteo Eastern Exploration and Production Company Limited has instituted a court case against Shell Petroleum Development Company of Nigeria (SPDC) seeking over $2.5 billion in compensation for the sale of …

Senate Passes Petroleum Industry Bill

The Senate has passed the Petroleum Industry Bill known as PIB. The bill was passed during the plenary on Thursday after careful consideration of each of the clauses. The Senate …