The Nigeria LNG Limited says it has contributed more than $26bn to government revenue in the last five years. The Managing Director of the company, Mr. Tony Attah, disclosed this in Abuja when he met with the Minister of Information and Culture, Alhaji Lai Mohammed. He...

Fuel marketers in the country have called for the removal of the cap on the pump price of fuel. They said that the N145 per litre ceiling was unsustainable in view of the falling value of the naira against the U.S dollar. The marketers expressed support...

Former and present Group Managing Directors of the Nigerian National Petroleum Corporation have expressed fears that the current pump price of N145 per litre is no longer feasible. They said the amount does not correspond with the price-determining components of the commodity and the fluctuations...

The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Maikanti Baru has assured of the Corporation’s readiness to consider communities within the Federal Capital Territory in citing Corporate Social Responsibility (CSR) projects in the nearest future. Speaking while receiving a delegation of...

Nigeria’s banking industry could face significant liquidity pressures if the Central Bank of Nigeria (CBN) enforces its directive that eight banks should refund the Nigerian National Petroleum Corporation (NNPC) funds into the Treasury Single Account (TSA), analysts at Exotix Partners, London, the world’s leading...

Nigeria lost over N1.1 trillion in oil revenues in the last five months due to NigerDelta militants’ attacks on oil installations. The figure does not include losses in gas revenues resulting from disruptions in gas supplies to domestic power and industrial plants as well as...