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The Federation Account Allocation Committee (FAAC) disbursed the sum of N619.86bn to the three tiers of government in March 2019. This is revealed in the latest FAAC report released by the National Bureau of Statistics (NBS). The…
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-By Yange Ikyaa The Director of Petroleum Resources DPR, Mr. Mordecai Danteni Baba Ladan has received an award for “Commendable Leadership in the Public Sector” from TEXEM UK. Paul Osu, who is the Head of Public Affairs at DPR…
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Ndu Ughamadu, the group general manager, group public affairs division of the Nigerian National Petroleum Corportation, NNPC has disclosed that the corporation does not inflate or doctor records of its petroleum products importation into…
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The federal government has described as laudable the call for subsidy removal by the International Monetary Fund (IMF). The Minister of Finance, Mrs Zainab Ahmed gave the nod while responding to the call by the Bretton Woods on Thursday…
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The Nigerian National Petroleum Corporation (NNPC) has urged Nigerians to disregard rumours of an impending scarcity of petrol in the country. In a statement issued by Ndu Ughamadu, NNPC spokesman on Thursday, the corporation said such…
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The Minister of Finance, Mrs. Zainab Ahmed, has said the Federal Government will look into gradual removal of fuel subsidy as part of strategies to boost revenue. Ahmed said this on Thursday on the sideline of the IMF/World Bank…
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Group Managing Director of the Nigeria National Petroleum Company (NNPC), Dr. Maikanti Baru, yesterday expressed the hope that completion of the ongoing rehabilitation of the nation’s refineries in Port-Harcourt, Kaduna and Warri would…
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The Nigerian government has approved the request to revoke the licences of six Oil Mining Leases (OMLs) and one oil prospecting lease (OPL), in the onshore, shallow water and deepwater Niger Delta basin. The request was made by the…
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The Federal Government has entered into negotiations with Pan Ocean Oil Corporation to resolve the issues surrounding Oil Mining Lease, OML, 98 in the Niger Delta. The source noted that Pan Ocean had agreed to work with the government…
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Worried by the consistent flouting of enabling legislation aimed at curbing gas flaring, stakeholders in the oil and gas sector have called for strict enforcement of the recently enacted Flared Gas ( Prevention and Waste) Regulation, 2018.…
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