Oil companies owe govt N1.38tn – NEITI

17 August 2015, Abuja – Oil companies operating in Nigeria owe the Federal Government over $7bn (N1.38tn), the Nigerian Extractive Industries Transparency Initiative has said. NEITI also stated that the restructuring at the Nigerian National Petroleum Corporation was part of its recommendations to the past government, but this was ignored. The agency said it welcomed […] More »