#oil marketer

N87.5m Fraud: Court Remands Oil Marketer

A Federal High Court sitting in Ikoyi, Lagos, on Wednesday ordered that a self-acclaimed Oil Marketer, Benson Royal Enyinnah, who was brought before the court over an allegation of fraud to the tune of N87, 557, 600 million, be remanded in the custody of the Nigerian Correctional Services (NCoS). The judge further directed that Enyinnah should remain in custody until August 29, when his bail…

BPCL resumes work on over 2,100 projects worth Rs 50,300 crore capex

Mumbai: Divestment-bound national oil marketer Bharat Petroleum Corporation has resumed work on as many as 2,118 projects involving a capital expenditure (capex) of around Rs 50,300 crore over three years.

Of the total estimated capital investment, Rs 9,597 crore is targeted for the current fiscal, of which it has already spent Rs 1,650 crore, the second largest oil marketing company said on…