Seven oil firms to remit $37.43m debt by August – Reps

Punchng | 10-03-2025 01:09pm |

The House of Representatives has secured commitments from seven oil and gas processing companies to remit a total of $37.43m (approximately N58bn) to the Federation Account before August 2025. This follows an ongoing investigation into financial records by the Nigerian Upstream Petroleum Regulatory Commission, which uncovered significant lapses in royalty payments and reconciliation processes within Read More

Stay Updated with the Latest News!

Don't miss out on breaking stories and in-depth articles.