NEITI Clears NNPC, Says 11 Audit Issues Resolved         The Nigeria Extractive Industries Transparency Initiative, NEITI, yesterday, disclosed that 11 out of the 20 audit issues raised against the Nigerian National Petroleum Corporation, NNPC, in its past audit reports have been resolved. In a statement in Abuja,...

FG Disburses $1.1m Grant To Boost Solar Power In Rural Areas         The Managing Director/Chief Executive, Rural Electrification Agency (REA), Mr. Ahmad Salihijo, said the agency had disbursed over $1.1 million to 12 solar power companies as part of efforts to boost rural electrification across the...

Fed Govt, Seven Firms Sign MoU To Power Rural Communities         The Federal Government on Wednesday signed an Output Based Fund grant Memorandum of Understanding with seven private companies for the deployment of solar home systems to power rural communities. It was learnt that parties in the...

NNPC Targets N11trn Revenue For 2021, $14bn Industry Spending         The Nigerian National Petroleum Corporation plans to generate N11.39tn revenue in 2021, while projecting an increase in oil and gas output and sales between 2021 and 2023. According to a written presentation to the National Assembly by...

Reps Demand Details Of NNPC Expenditure, JV Cash Calls, Others         The House of Representatives’ Committees on Petroleum Upstream, Downstream and Gas Resources, yesterday asked the Nigerian National Petroleum Corporation (NNPC) to open up its books on various expenditures incurred on Joint Venture operation (JVC), pipeline...

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...