The House of Representatives sub – committee on Capital Market and Institutions, on Tuesday, summoned nine public quoted oil companies to appear before it on Thursday over issues of alleged infractions pertaining to corporate governance. Chairman of the sub – committee, Hon Tony Nwulu, issued the summons after the affected oil firms failed to submit […]
Major multinational oil companies hosted by the states of Niger Delta region has been tasked on the need to invest on grassroots sports development, as part of their social corporate responsibilities. The governor who gave the task on recently, while speaking at the grand finale of the 2018 Governor Seriake Dickson Football Tournament at the […]
A business mogul, Prince Arthur Eze, has said that the recent victory of General Muhammadu Buhari, at the presidential election has given more confidence to many oil companies to return to the country. Eze, who is also an oil magnet, revealed that all of them, in the oil industry, would support the Buhari administration, “because […]
The independent oil and gas companies may have been breaching on the nation’s petroleum regulations with the high level of defaults in payment of royalties and taxes on the operated oil fields. The Department of Petroleum Resources (DPR), which revealed this at the Nigeria Oil and Gas Conference and Exhibition (NOG), said the indigenous upstream […]
President Goodluck Jonathan has assured that the federal government will come up with guidelines that will encourage major companies in telecommunications, the oil and gas and power sectors of the Nigerian economy to list on the Nigerian Stock Exchange (NSE). President Jonathan who spoke during a meeting with the capital market community at the NSE […]