Business Hilights

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IOCs

S’East, S’South Govs intensify calls for IOCs to relocate head offices, refute security risks

Rising from it second meeting in Port Harcourt, the South East, South South Governors Forum (SESSGF) has renewed its calls on the International Oil Companies (IOCs) operating in the 11 states to relocate their head offices in line with Presidential…

Fear of exposing expatriates to pollution hazards behind non-relocation of IOCs— Reports

A report released by the Business Hilights Economic Research Team (BHERT) on Monday in Port Harcourt after one week of intelligence gathering on why International Oil Companies (IOCs) in oil communities have shown that the reason behind the rejection of…

Only law can compel IOCs to relocate operational headquarters to Niger Delta—Lawyer

Lagos constitutional lawyer, Moses Mekson has said that no amount of presidential directives of official commands will compel International Oil Companies (IOCs) operating in Nigeria to relocate their corporate headquarters’ unless a constitutional provision is involved. In an exclusive interview…

Nigeria ripe for annual $10b investment in oil & gas sector—FG

Considering ongoing reforms in the nation’s oil and gas sector in the last two years, the Federal Government has revealed that the sector is now ready to attract on a yearly basis, a whooping $10 billion investment. The Minister of…