archiveSeptember 3, 2019

  Nigeria may face another $2.3 billion fine in arbitration in France over an alleged breach of contract on Mambilla Hydroelectric project. This is coming after a British commercial court awarded $9.6 billion against the country in favour of Process and Industrial Development Company in a botched gas processing deal....

  OVH Energy Marketing Ltd. has retrenched about 100 of its workforce in order to overcome the problem of salaries payment due to the ongoing challenges in the downstream oil sector. A top official of the company, who pleaded anonymity, disclosed this to the News Agency of Nigeria (NAN) in...