The Nigerian National Petroleum Corporation (NNPC) says its sales revenue from crude oil and gas export rose to $470 million in August from $391.91 million in July. [...]
Petrobarometer
The National Economic Council (NEC) and the Federation Allocation Accounts Committee (FAAC) approved the Nigerian National Petroleum Corporation’s (NNPC) use of Nigeria Liqueifed Natural Gas (NLNG) dividends for financing petrol subsidy. [...]
The senate has set up an ad hoc committee to probe the Nigerian National Petroleum Corporation’s (NNPC) alleged diversion of dividends from the Nigerian Liquefied Natural Gas (NLNG) to fund petroleum subsidy.[...]
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The Nigerian navy is currently destroying illegal refineries in creeks across Rivers state. [...]
The Depot and Petroleum Products Marketers Association (DAPPMA) says 60% of marketers have been forced out of business as a result of unpaid subsidy arrears by the federal government.Speaking to NAN in Lagos on Sunday, Olufemi Adewole, DAPPMA's executive secretary, said that the debt had led to huge financial challenges to the downstream operations.According to him, the downstream sector petroleum was [...]
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Bukola Saraki, president of the Nigerian senate, says one comma, one semicolon, should not stop the level of investments that could come into the country's petroleum sector. [...]
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Nigeria has lost more than N3 trillion to oil thieves in the last two years, according to a report Nigeria Natural Resource Charter (NNRC) released in August. Being an economy dependent on oil, the activities of these saboteurs constitute a major threat to the finance of government. To check oil theft, the government of ex-President Goodluck Jonathan engaged "reformed" militants [...]
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