• ExxonMobil resumes export three months after force majeure

    ExxonMobil resumes export three months after force majeure

    Mobil Producing Nigeria Unlimited, a unit of ExxonMobil, will resume shipment of Qua Iboe crude, Nigeria’s largest grade of crude oil in October, three months after the company had declared force majeure on the exports of the grade.

     

    This is coming as oil prices slumped three per cent tuesday following another gloomy prediction by the International Energy Agency (IEA) on demand growth that suggested that oversupply in the oil market might persist for longer than anticipated.

    ExxonMobil had declared the force majeure […]

  • Fayose has money to pay three months salaries – Ex- Ekiti Commissioner

    Fayose has money to pay three months salaries – Ex- Ekiti Commissioner

    A former Commissioner for Finance in Ekiti State, Mr Dapo Kolawole, has slammed the state governor, Ayo Faylae over his inability to pay civil servants’ salaries.

    Kolawole said Fayose had money that could offset three months salaries.

    The ex-Commissioner for finance in the state between 2010 and 2014, said if the state’s resources were properly managed, the state wouldn’t be in the present economic mess.

    Speaking with journalists in Abuja on Tuesday, Kolawole noted that despite the economic downturn in the country, Ekiti […]