December 2022

Oil marketer imprisoned for conversion of N81.25m

An Ikeja High Court has sentenced the Managing Director of   an oil company, Julian Ndubueze Ezeji, to 20 months imprisonment over N81.250million fraud. Justice Raliat Adebiyi convicted and sentenced the oil marketer with his company, Initial Energy Service Limited. They…

DMO raises N103bn from Sukuk for roads

By Idris Bakare The Debt Management Office has said it raised N130 billion from its N100bn Ijarah Sukuk bonds, which were issued on November 21, 2022. In a statement on its website on Monday, the DMO said that it recorded…

NMDPRA assures of stable fuel supply in South-South

The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has embarked on stock monitoring exercise within depots in Calabar, capital of Cross River State, to ensure the availability of petroleum products. The Regional Coordinator of NMDPRA, South-South Regional Office, Calabar, Mr…