Niger Delta Development

Business

How 24 Oil Firms Quietly Stashed $160m Meant For Niger Delta Development

Joy Onuorah, THEWILL -
Over half of audited oil companies in Nigeria quietly withheld statutory development funds meant for host communities. An EFCC probe recovered over $160 million in unpaid levies following systemic non-compliance across the sector. The Senate Public Accounts Committee...
- Advertisement -spot_img

Latest News

BusinessOgochukwu Onwaeze, THEWILL -

NGX Weekly Report: Market Cap Falls 0.50 Percent as Turnover Drops 36 Percent

A total of 3.166 billion shares valued at N155.023 billion exchanged hands across the NGX during the week, representing a decline from the 4.689 billion shares worth N240.824 billion recorded in the previous week.
- Advertisement -spot_img