Tue Apr 19, 2016/Reuters By Libby George and Julia Payne Nigeria’s state oil company is in a standoff with energy giants ExxonMobil and Royal Dutch Shell over ownership of physical crude cargoes as the West African nation seeks to shore up its creaking budget. The dispute has delayed some of […]
Tag: Nigerian National Petroleum Corporation
Nigeria’s state oil company denies it failed to remit $16 bln in 2014
Wed Mar 16, 2016/Reuters By Julia Payne Nigeria’s state oil company on Wednesday challenged official allegations that it had failed to remit 3.2 trillion naira ($16 billion) in revenues to the government in 2014 and said it only owed $1.64 billion. The auditor-general made the allegations in a report two […]
Auditor-General Says NNPC Failed to Remit $16 Billion Revenue in 2014
By InvestAdvocate Lagos (INVESTADVOCATE)- Samuel Ukura, the auditor-general of the Federation said on Monday that the Nigerian National Petroleum Corporation (NNPC) failed to remit $16 billion (N3.2 trillion) in revenues to the federal government in 2014, according to a Reuters report. This is the same year Lamido Sanusi, the then […]
