In Two Months, NNPC Spent N219.4bn On JV Oil Assets, Projects       The Nigerian National Petroleum Corporation spent a total of N219.4bn on oil and gas assets being developed through joint ventures with private firms as well as government priority projects in the first two months...

JV Oil Assets Suffer As NNPC Slashes Funding       The nation’s oil and gas assets being developed through joint ventures between the Nigerian National Petroleum Corporation and private firms are suffering funding shortfall as cash call payment by the NNPC has hit a record low. Amid the...

FG Spends N1.96trn On JV Oil Assets   The cash call payments made by the Federal Government for joint venture oil assets rose by 7.1 per cent in 2019, gulping 64.26 per cent of the revenue from oil and gas sales. The Federal Government spent a total...

Fed Govt Expends N851.4bn On JV Oil Assets The Federal Government, through the Nigerian National Petroleum Corporation, spent a total of N851.38bn ($2.79bn) on joint venture oil and gas assets in the first five months of 2019. The government has said it will reduce its stakes...