Latest

Another building collapses in Lagos

Four people have been rescued from a building that collapses on Lagos Island on Monday evening. When The PUNCH visited the site of the incident at Egerton Square in Oke-Arin area of Lagos Island, the four men trapped under the rubble had been rescued and taken to the hospital. According to chairman of the Community […]

Latest

Nigeria owes IOCs $5.1b, says NNPC

NIGERIA indebtedness to International Oil Companies (IOCs) stood at $5.1 billion, the Nigerian National Petroleum Corporation (NNPC) told the Senate yesterday. The $5.1 billion, according to the Corporation, was accumulated from the Joint Venture Cash Call (JVC) business arrangement the country has with IOCs on oil exploration. But the NNPC denied allegation of mismanagement of […]