FG Pays N3.22bn IOC Cash Call, Leaves Outstanding Balance At $1.46bn
The Federal Government has paid a total of $3.22bn as cash call arrears to international oil companies, leaving an outstanding balance of $1.46bn.
It disclosed this in a document on Joint Venture repayment agreement status...
Nigeria Lost N53.26bn To Gas Flaring In Two Months – NNPC
Nigeria lost an estimated N53.26bn in the first two months of this year as international oil companies and local players flared a total of 33.04 billion standard cubic feet of natural gas.
The oil companies...
In Five Months, NNPC Records 63% FAAC Remittance Shortfall
The statutory payments made by the Nigerian National Petroleum Corporation (NNPC) to the Federation Account, a joint pool operated by the local, state and federal governments, declined by over 63 per cent in the first five...
Nigeria Imported 20.60bn Litres Of Petrol In 2019 ― NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI) says Nigeria imported a total volume of 20.60 billion litres of Premium Motor Spirit (PMS), popularly known as Petrol, in 2019.
This is contained in NEITI audit report on...
Nigeria’ll Export Petrol In Two Years – NNPC
The Nigerian National Petroleum Corporation (NNPC) on Tuesday said refined petroleum products would be exported from Nigeria to other countries in the next two years.
Nigeria currently imports refined petroleum products such as petrol, kerosene, diesel, etc, while...
Oil Now $77 As Daily Petrol Subsidy Rises To N6.07bn
The further rise in global crude oil prices has pushed the daily subsidy on Premium Motor Spirit, also known as petrol, to N6.07bn.
Petrol subsidy, which was removed in March 2020, re-emerged earlier this year as...
