Top oil companies owe Nigeria $5.5M, lawmakers demand accountability

A brewing storm of debt and accountability is rocking Nigeria’s oil industry, as three major companies, Chorus Energy, Dubril Oil Company Limited, and Belema Oil, admitted to owing a staggering $5.5 million to the Federation Account. Their confessions came under the intense scrutiny of the House of Representatives Public Accounts Committee on Tuesday, following revelations…

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Tinubu’s foreign trips attract $50.8bn in proposed investments — Minister

President Bola Tinubu’s extensive international engagements have reportedly sparked a wave of proposed foreign investments totaling $50.8 billion. This revelation came from the Minister of Industry, Trade, and Investment, Jumoke Oduwole, during a ministerial press briefing in Abuja on Tuesday. For a nation grappling with economic instability and a pressing need for foreign exchange, this…

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