NNPC plans to recover $1.75 billion balance from oil licences sales – Report
Although NNPC had disputed some of the findings in the report, the NRGI said in the revised report that it ...
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Although NNPC had disputed some of the findings in the report, the NRGI said in the revised report that it ...
Bank plans to expand its African investment network as a strong pan-African brand.
The federal government says it is paying subsidy of N12.62.
Mr. Kachikwu said that exploration in the Chad Basin was to increase the nation’s oil and gas reserves.
Firefighters from the Kaduna State Fire Service and that of Kaduna Refinery and Petrochemical Company battled hard to extinguish the ...
The government asks Nigerians to ignore the news.
The NNPC said it has enough supply to go round the country.
The NNPC says it pushed 160 trucks into cities across the country on Tuesday.
"You will see the black marketers with fuel everywhere while most of the filling stations are closed."
International Brent futures traded above 40 dollars per barrel in early trading.
"The challenge in Nigeria is that some people would frown at you if you choose to be different."
"The NNPC has 41.73 per cent of the total allocation for second quarter.
He said the NNPC was also collaborating with security agencies to address pipelines vandalism.
Nigeria seeks to increase its refining capacity from 445,000 barrels per day to 650,000.
The report says despite effort at greater transparency, the NNPC still retains huge oil revenues and spends at will.
“I am not going to resign, I have a lot of work to do”.
The minister says fuel queues will disappear across Nigeria by April.
The corporation says it was working to end fuel scarcity "once and for all within the next few days".
"It is our considered opinion that Kachikwu should stay."
The corporation says about N522.3 billion outstanding fuel subsidy claims by marketers approved since December 2015 would be paid soon.
Mr. Kachikwu says he has no “magic wand” to make fuel available overnight.
The government says for the first time since July 2015, the government has credited its Excess Crude Account.
Government cannot successfully carry out such massive restructuring without the workers.
The NNPC says it is owing the government N326 billion only.
The 2014 report indicts the Nigerian Prisons Service for pocketing taxes deducted from staff salaries.
