Business & Finance

Nigeria’s Minister of State for Petroleum Resources, Dr. Emmanuel Kachikwu, disclosed that the Federal Government had recovered no less than N1.2 trillion in unpaid royalty from crude oil sales, following the Ministry’s automation…
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Interest rates on pre-funding loan and commercial pricing for Direct Sale-Direct Purchase of crude between the Nigerian National Petroleum Corporation and international oil companies, among few other concerns, are issues that stalled…
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Nigeria’s Gross Domestic Product (GDP) growth rate increased to 2.38 per cent (year-on- year) in the fourth quarter of 2018 (Q4, 2018), indicating a 0.55 percentage rise compared to the 1.81 per cent growth recorded in the preceding…
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Bans waivers, commences clampdown on foreign vesselsNNPC’s Refineries record N137.5bn operational losses Nigerians may experience scarcity of Liquefied Petroleum Gas (LPG), better known as cooking gas, following the detention of…
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When Ayuba Wabba, the President of the Nigeria Labour Congress (NLC), at the opening ceremony of the NLC 12th Delegates Conference held at the International Conference Centre, Abuja, threatened to shut down any government that intends…
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Oil and gas companies operating in Nigeria got a total of 12,383 service permits in 2018 for the services rendered in the sector. The Department of Petroleum Resources said the service permits were issued in three categories. In a…
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The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, says the Federal Government’s “OB3” gas pipelines project will be completed in the second quarter of 2019. Baru gave the assurance at the…
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Revenue Mobilisation and Fiscal Allocation Commission, RMAFC, has lamented that Nigeria is currently not benefitting from existing Joint Venture Contracts, JVCs, disclosing that the country is currently losing $14.235 billion annually…
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The Nigerian National Petroleum Corporation (NNPC), Group Managing Director Dr. Maikanti Baru on Thursday commissioned a $60m Egbeoma Gas Processing Plant in Ebedei Community, Ukwuani Local Government of Delta State. He said the…
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The new revenue template for revenue-generating agencies of government that came into existence last November may have exposed the alleged tardiness in accountability at the Nigerian National Petroleum Corporation (NNPC). The Federation…
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