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News

Reps threaten sanctions against oil firms over $60bn cash calls probe

The House of Representatives Joint Committee on Finance and Petroleum Resources (Upstream) has issued a stern warning threatening punitive measures against oil companies that...

Business

Crisis imminent in oil producing communities as coys fail to remit 3% OPEX

By Haruna SalamiImminent crisis is brewing in the oil producing communities over non-remittance of 3% annual operational expenditure (OPEX) by oil companies operating Nigeria. NEWSDIARY:...

Business

BUSINESS ROUNDUP: Oil companies lose N803bn from sabotaged pipelines; Nigeria’s inflation rate hits 21.34%; other stories

Hello, and welcome to the Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital...

Business

Oil companies lose N803bn to sabotaged pipelines in 2022, highest in 3yrs

The National Oil Spill Detection and Response Agency (NOSDRA) has revealed that oil companies in Nigeria lost N803 billion worth of crude oil to...

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