CBN permits IOCs to sell 50% of repatriated export proceeds to authorized FX dealers
The Central Bank of Nigeria (CBN) has announced that International Oil Companies (IOCs) can sell 50% balance of their repatriated ...
Tag: IOCs
Shell should clean up pollution before divesting from the Niger Delta- Report
Shell should not be allowed to divest from the Niger delta until it takes responsibility for cleaning up its toxic ...
Official exchange rate closes week at N1,537.96/$1 amidst surging inflation and forex decline
The Naira experienced a decline against the US Dollar in the official market, closing the week at N1,537.96/$1, amidst persistent ...
“IOCs must pay up hundreds of billions of dollars owed to the NDDC” – Senate Committee
NDDC has vowed that it will ensure the debt IOCs operating in the country owed to the NDDC will be ...
NCDMB boss says refusal of indigenous oil companies to pay taxes affecting revenue
Mr. Simbi Wabote has expressed concerns about the impact of the divestment of onshore oil and gas assets by IOCs ...
NNPC Limited, NCDMB, IOCs Sign MoU to Reduce Contracting Cycle
The MoU signed will contribute to Ease of Doing Business, as well as reduce cost and drive efficiency in Nigeria's ...
Group calls on IOCs to invest $12 billion in Niger Delta region
Bayelsa State Oil and Environmental Commission (BSOEC) has released a report calling on international oil companies to spend $12 billion ...
TotalEnergies explains why it is divesting from its Nigerian oil assets
The proposed divestment by TotalEnergies will be the latest in a series of similar actions by other International Oil Companies.
Oil: International oil companies scale down on Nigeria operations
Chevron is looking to sell-off a number of its oil assets in the country as the company wants to focus ...
Nigeria gets real with $62 billion demand from IOCs
Timipre Sylva stated yesterday that the government knows that the full amount expected from the IOCs might never be recovered.
