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...
FG To Sustain Peak Power Generation With New Gas Supply Deal
A new gas supply agreement among the Nigerian National Petroleum Corporation (NNPC), the Transmission Company of Nigeria (TCN), power Generation Companies (Gencos) and other major stakeholders may see the federal government sustaining the current...
Discos, Gencos Deny Knowledge Of FG’s N200bn Payment
Power generation and distribution companies on Thursday said they were unaware of any N200bn that was paid to the power sector by the Federal Government in the past three days.
Group Managing Director, Nigerian National Petroleum Corporation, Mele...
FG Offsets Gencos’ Gas Bill With N200bn
The Federal Government has in the past two to three days paid over N200bn for power supply in Nigeria, the Group Managing Director, Nigerian National Petroleum Corporation, Mele Kyari, declared on Wednesday.
Also, the Association of Nigerian Electricity Distributors,...
Despite Price Cut, 60 Nigerian Oil Cargoes Remain Unsold
A total of 60 Nigerian crude oil cargoes have not been sold despite the reduction of the official selling prices by the Nigerian National Petroleum Corporation.
A glut of Nigerian and Angolan crude weighed on the market...
Evaluating New Plan To Revive NNPC’s Refineries
The Group Managing Director of the NNPC, Mallam Mele Kyari, last week revealed that the corporation will spend money to repair its four broken-down refineries in Warri, Port Harcourt and Kaduna, after which it would hand them over...
