Oil Price: Experts Dismiss Gains As Subsidy Nears N200bn
After the international crude oil benchmark, Brent advanced above $70 as the PUNCH reported earlier in the month, industry experts see meagre benefits as subsidy payments gulp revenues.
The Federal Account Allocation Committee report for May, value...
NLNG Records $110bn Revenue
The Nigerian Liquidfied Natural Gas (NLNG) yesterday said its revenue generation since 1999 has exceeded $110 billion.
Its Managing Director, Mr. Tony Attah made this known at the press conference in Abuja, where he announced the firm’s Sales and Purchase Agreements (SPAs)...
OML 118 Dispute Resolution: Kyari’s Legendary Leadership & Nigeria’s Next Billion Barrel, by Momodu Abutur
Mother Nature has a way of depositing its vast treasures wherever it pleases. In the wonderful world of hydrocarbons, these resources are either placed onshore (on land) or offshore (in...
$40bn Investments Needed for Nigeria’s Gas Plan - NNPC
The Nigerian National Petroleum Corporation (NNPC) has said that the Nigerian oil and gas industry will require at least $40 billion in direct investments in basic infrastructure to achieve the federal government’s much talked-about about “Decade...
NNPC Plans To Acquire Stakes In Six Private Refineries
The Nigerian National Petroleum Corporation on Monday said it is currently considering equity participation in some private refineries across the country.
It said this was in line with a Federal Government’s policy directive which stipulated the mandatory...
Oil Export Revenue Declined By 98% In April – NNPC
The Nigerian National Petroleum Corporation has said crude oil export proceeds plunged by 98 per cent in April, compared to March.
The NNPC said in a report that the total revenue from crude oil exports in...
