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Court Blocks 20 Bank Accounts Owned By Shell Over Missing 1.02M Barrels Of Crude

By Abiola Olawale The Federal High Court in Lagos has granted an interim Mareva injunction directing 20 commercial banks to block accounts of Shell Petroleum...
Energy

Power Grid Collapses, Plunges Lagos, Others Into Darkness

By Hamilton Nwosa(Head, The New Diplomat’s Polling, Research & Data desk) So soon in the year, the nation’s power grid suffered its first collapse on...
Business

Oil Spills: How 42,500 N’Delta Farmers Floored Shell In UK Court

With Agency Report -- In a landmark ruling, the UK Supreme Court on Friday allowed 42,500 Niger Delta farmers and fishermen to sue Royal...
Business

Akwa Ibom Seeks US Support To Relocate ExxonMobil’s Head Office To Uyo

From Ameachi Prosper (The New Diplomat's Delta Correspondent) The United States Government has been urged to encourage ExxonMobil to relocate its headquarters to Akwa-Ibom State...
Business

Why Another Oil Boom Era Looms For Nigeria, Other Producers

Agency Report -- Oil producers such as Nigeria and oil companies are at the threshold of another era of oil boom as prices are...
Business

OPEC Hails Nigeria As Oil Price Rises To Record $58pb, 11-month High

Exceeds Output Cut Target The Organisation of Petroleum Exporting Countries (OPEC) on Wednesday said Nigeria and its other members had achieved...
Energy

Breaking! Oil Spills: 4 N’Delta Farmers Win Record Case Against Shell In Dutch Court

Ex-Bayelsa Commissioner, Iniruo Wills Hails Ruling, Seeks More Environmental Justice For N'Delta Communities  Global Environmental Groups/Activists React In...
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