Oil firms can spend 50% FX proceeds on financial obligations – CBN
The Central Bank of Nigeria (CBN) has issued further clarifications on the utilization of foreign exchange proceeds by international oil ...
Tag: International oil companies in Nigeria
Concerns as Shell declares force majeure on Forcados terminal
Reports from Reuters indicates oil-producing giant, Shell has declared force majeure on exports of Nigerian Forcados crude oil. The Trans ...
Nigeria wants international oil companies to pay up now
About $62 billion is expected by Nigeria from the major international oil companies operating in the country.
Senate to investigate 7 oil companies over refusal to remit $21 billion
Seven international oil companies in Nigeria will be investigated by the Senate.
