MRS, Forte, Oando borrow N305bn in 2012
Three major downstream oil firms in Nigeria — OandoPlc, Forte Oil Plc, and MRS Oil Nigeria Plc, borrowed a total of N304.67 billion in 2012, to finance among others, products importation, operations, and aircraft acquisition.
Gunmen kill 160, abducted 10 women in Zamfara
Gov. Abdulazez Yari of Zamfara on Monday said gunmen had killed 160 people and abducted 10 married women in different villages of the state in the last three months.
Police arrest 40 suspects over Nasarawa crisis
The Police in Nasarawa State on Monday confirmed the arrest of no fewer than 40 suspects in connection with the recent ethnic clashes in the state.
FG reduces debts owed marketers on oil subsidy to N971bn – Minister
The Federal Government said on Monday that it reduced debts owed marketers on oil subsidy from N2.2 trillion in 2011 to N971 billion in 2012.
I will not report to police for fear of torture – Commissioner
The Anambra Commissioner for Special Duties, Mr Vincent Ezenwajiaku, said he refused to honour the invitation of the Special Fraud Unit (SFU) of Nigeria Police for fear of being tortured.
Shell postpones exports after pipeline ‘sabotage’
Anglo-Dutch energy giant Shell’s Nigerian subsidiary said Monday it has been forced to defer exports of 150,000 barrels of oil per day after thieves sabotaged its main pipeline.
