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Federal government gives IOCs 14 days to pay outstanding revenue on contracts

The federal government has given International Oil Companies (IOCs) operating in Nigeria’s deep offshore and inland basin a 14-day ultimatum to pay all outstanding revenues on Production Sharing Contracts (PSCs). The government said the revenues are in compliance with the Supreme Court judgment last October. The judgement noted that the …

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Defence minister proffers solution to insurgency

Mr. Mansur Dan-Ali, The Minister of Defence, on Thursday, urged productive relationship between members of the Armed Forces and the civilians aimed at enhancing the military’s performance in safeguarding Nigeria’s sovereignty and territorial integrity. He made the call at the opening of a two-day National Workshop organised by the Ministry …

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