The National Oil Spill Detection and Response Agency (NOSDRA) said 8 oil companies will pay N22 billion fines to FG for flaring gas in January and February.
Alakija dropped below the $1billion net worth in 2021 due to lower oil prices, according to Forbes.
Folorunso Alaki has faulted FG's plan to increase VAT from its current 5% to 7.5%, saying the move is a threat to entrepreneurs across the country.
Statoil has lost it all, including its 5% stake in Agbami Oilfield, just as a tribunal has ruled that...
