THE Nigerian National Petroleum Company Limited has won a court decision temporarily blocking Exxon Mobil Corporation from selling assets in Nigeria to Seplat Energy Plc. A judge in Abuja granted NNPC an “order of interim injunction” on July 6, 2022, barring Exxon “from completing any divestment” in a unit that ultimately operates four licenses in…

Directors of 10 banks collected N6.96bn sitting allowance and compensation in 2021, according to an analysis of the lenders’ financial results. The amount represents an increase of 3.32 per cent from N6.74bn the directors received in 2020. The 10 banks are: United Bank for Africa Plc, Zenith Bank Plc, FBN Holdings and Guaranty Trust Holding…

Indigenous Oil & gasoline enterprise, Eroton Exploration and production employer confined has said the oil spill from its wellhead in the Niger Delta vicinity was because of sports of vandals round its centers inside the affected place. Eroton, in a statement released by way of its spokesperson, Mercy Max-Ebibai in reaction to an oil spill…

Introduction Nigeria is currently going through an inflation crisis that is making it difficult for many people to afford basic necessities like food and money. This blog post will explore the various reasons for the inflation crisis, as well as possible solutions that could help to alleviate the problem. We hope that by raising awareness…