FG Directs IOCs To Pay $20bn In Back Taxes The Federal Government has ordered international oil companies operating in the country to pay nearly $20bn in taxes it says are owed to states. In a letter sent to the companies earlier this year via a debt-collection...

IOCs, Government To Invest N1.7tr In Niger Delta   The Ministry of Petroleum Resources has said that about N1.7 trillion will be invested in Niger Delta by the Federal Government, International Oil Companies (IOCs) and others in the next three years. While the Minister of State for...

The Nigerian National Petroleum Corporation (NNPC) has urged the National Assembly to pass the Petroleum Industry Bill (PIB) into law to dispel the air of uncertainty around the industry, create an enabling environment for the industry to flourish and dissuade the International Oil Companies...