RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home News

Nigerian court dismisses oil export claims against Eni, Petrobras

Rate Captain by Rate Captain
May 8, 2019
in News
Reading Time: 1 min read
A A
0
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

A Nigerian court on Wednesday dismissed government claims that subsidiaries of Eni and Petrobras illegally exported crude oil to the United States, but a lawyer representing authorities in the West African country said an appeal would be launched.

Crude oil sales are the mainstay of Africa’s biggest economy, making up two-thirds of the country’s revenue and around 90 percent of foreign-exchange earnings.

AlsoRead

How I Lost N200 Billion”: Femi Otedola Reflects on His Biggest Financial Setback

EFCC Arraigns Precious Williams for Alleged N13.8 Billion Ponzi Scheme Fraud

Kenya to Relocate Health Data from U.S. Servers After Trump’s USAID Funding Cuts

In a lawsuit filed in 2016, Nigeria alleged that a number of companies exported a total of 57 million barrels of crude oil to the United States between 2011 and 2014. It said they failed to declare all of this to Nigeria’s government as required by law.

A judge at the federal high court in the commercial capital Lagos said the government had failed to provide enough evidence to support its suit against the local Agip unit of Italy’s Eni and the Brasoil unit of Brazil’s state-run Petroleo Brasileiro SA, better known as Petrobras.

“The court did not agree with our position,” said Ituah Imhanze, a lawyer who represented Nigeria’s government in court.

He said the government would file an appeal by the end of Thursday.

Representatives of Eni and Petrobras did not immediately respond to an email requesting comment.

Tags: Reuters
Previous Post

MTN Nigeria gets listing approval, securities regulator says

Next Post

The Global Danger Zones in Emerging Property Markets

Related News

Otedola acquires 5.52% of Transcorp Plc.

How I Lost N200 Billion”: Femi Otedola Reflects on His Biggest Financial Setback

by Rate Captain
August 22, 2025
0

In a rare moment of vulnerability, billionaire businessman Femi Otedola has shared the story of how he lost nearly N200...

EFCC Launches Task Force to Combat Naira Mutilation and Dollarization

EFCC Arraigns Precious Williams for Alleged N13.8 Billion Ponzi Scheme Fraud

by Victoria Attah
June 17, 2025
0

The Economic and Financial Crimes Commission (EFCC) has charged Precious Williams, a director of Glossolalia Nigeria Ltd and Pelegend Nigeria...

Kenya to Relocate Health Data from U.S. Servers After Trump’s USAID Funding Cuts

by Victoria Attah
June 4, 2025
0

Kenya’s Ministry of Health announced plans to relocate critical health data hosted in the United States to local servers, following...

Leading Banks Struggle with Capital Deficits: Zenith Bank and Others Strive to Meet CBN Standards

Nigeria’s Equities Market Reels as Foreign Investment Plummets Amid Global Tensions

by Rate Captain
May 26, 2025
0

In April 2025, Nigeria’s equities market faced a stark reality check as foreign portfolio investment (FPI) cratered by 92.39%, plunging...

Next Post

The Global Danger Zones in Emerging Property Markets

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Naira Surges Against US Dollar, Falls Below N1,000 Mark

CBN Opens Official FX Window to BDCs with $150,000 Weekly Limit  

February 12, 2026
OPEC – Nigeria’s oil production decreases to 972 tb/d

Nigeria’s Crude Oil Output Rises to 1.459 Million bpd in January 2026, Still Below OPEC Quota

February 12, 2026

Popular Story

  • kms tools office 2024 ✓ Activate Microsoft Office Easily ➔ Step-by-Step Guide

    0 shares
    Share 0 Tweet 0
  • e-IPO platform under-way, says NSE President

    0 shares
    Share 0 Tweet 0
  • CCA seeks development of Nigeria, US trade

    0 shares
    Share 0 Tweet 0
  • Bitcoin hits a $50,000 all time high

    0 shares
    Share 0 Tweet 0
  • SERAP sues Buhari over $25 billion Ways & Means loan

    0 shares
    Share 0 Tweet 0
RateCaptain

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>