Oil Sector Loses 754,000bpd To Pipeline Vandalism - NNPC   Nigeria’s oil sector is estimated to have lost over 754,000 barrels per day (bpd) in February, to production shut-in occasioned by pipeline vandalism, according to the latest monthly financial report of the Nigerian National Petroleum Corporation...

Nigeria: Report Exposes Monumental Revenue Loss To Ill-managed Oil and Gas Sector By Abubakar Jimoh   Poor management of expectation by the government coupled with weak oversight capacity of the Legislative Committees and other agencies have been identified as contributory setbacks to the management of natural resources...

Nigeria Losing N3tn Annually Due To PIB Delay - PWYP   Nigeria is losing about N3tn annually as a result of the prolonged delay in the passage of the Petroleum Industry Bill, a non-governmental organisation that supports the implementation of the Extractive Industries Transparency Initiative, Publish...

Auditors Report Huge Loss, Fear Collapse Of DisCos   Financial auditors engaged by some of the electricity Distribution Companies (DisCos) such as PriceWaterhouseCoopers (PWC) and Deinde Odusanya and Co have expressed uncertainty over the continued existence of the companies as they declared huge operation losses in...

NNPC: N547bn Lost In 3years   The group monetary loss of the Nigerian National Petroleum Corporation for 2015, 2016 and 2017 is N547bn, the latest review of the oil firm’s financial and operations reports in the period has revealed. According to the review, which was done by...

Power Sector Loses N201.3bn In Six Months - Report   The daily financial losses in Nigeria’s power sector since the beginning of this year have risen to N201.3bn, findings from the Office of the Vice President showed on Wednesday. Data from the Advisory Power Team in the...