Fuel Price Hikes Raise Business Costs Across Lagos

Residents, transport operators and business owners in Lagos say rising fuel prices are increasing transportation fares, business costs and pressure on household incomes. A survey by correspondents of the News Agency of Nigeria (NAN) showed that petrol prices rose from about N1,250 per litre to above N1,300 in many filling stations, with some outlets dispensing…

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Jim Okolo Accuses Oilserv Of Intimidation, Warns Against Use Of Security Agencies In Business Disputes

A Nigerian businessman has accused oil and gas company Oilserv Ltd of breaching a contractual agreement and misusing security agencies to silence him, in a dispute tied to the country’s multi-billion-dollar Ajaokuta–Kaduna–Kano (AKK) gas pipeline project. Jim Okolo Chimezie, CEO of Jimez Petroleum Resources Ltd, claimed that Oilserv, chaired by Sir Emeka Okwuosa, initially made…

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