Refund $1.6bn To NNPC Subsidiary, Court Orders Firm
An arbitration court has directed on Atlantic company to pay $1.6billion to a subsidiary of the Nigerian National Petroleum Corporation (NNPC), the Nigerian Petroleum Development Company (NPDC) that was fleecing it.
The Group Managing Director, Dr. Maikanti Baru,...
NNPC Subsidiary, NETCO, Posts N3.257bn Profit For 2017
The National Engineering and Technical Company Limited (NETCO), a subsidiary of the Nigerian National Petroleum Corporation (NNPC) has recorded a profit before tax of N3.257 billion for 2017 financial year.
The breakdown shows that the company’s revenue increased...
