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ExxonMobil Nigeria

House of Reps threaten 10 oil firms over $250m un-remitted fund

The House of Representatives Committee on Oil and Gas, on Wednesday threatened to issue warrant of arrest on Managing Directors of 10 oil firms, if they failed to appear before it on Thursday to account for unremitted 250 million dollars to the Federal Government’s purse.

Recent Stories

Power

Power: Ondo community seals deal with IPP

Residents of Aboto community in Ilaje Local Government Area of Ondo State have sealed an agreement with R.R. Reynolds, an Independent Power Provider (IPP) on billing terms and prompt payment.
Reigning NCAA Division I 200m champion, Divine Oduduru started his quest to become the second Nigerian man to successfully complete a sprint double at the Championships on an explosive note.

Texas Tech coach: Divine Oduduru could earn N180 million a year

Texas Tech coach Wes Kittley believes that Nigeria sprint sensation Divine Oduduru can earn as much as N180m ($500K) a year as a professional athlete and expects the 22-year-old Delta state-born sprinter to join the professional ranks very soon.
Lagos State High Court

Gang-rape victim seeks withdrawal of case from court

A victim, who was allegedly gang-raped by the son of a Lagos hotelier, Don-Chima George, and his friend, Olusegun Rasak, has sought to withdraw the case from court.

Man rapes mother in Imo

The Nigeria Security and Civil Defence Corps, Imo State Command, has arrested one Paul Ihuaku for allegedly raping his mother.

UN: Foreign investment into Nigeria drops by 43 percent

Foreign direct investment in Nigeria, Africa’s top oil producer, plunged by 43 per cent to $2bn, according to a United Nations report.