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: NNPC
Nigeria’s parliament to start debating petroleum bill next week -Senate
March 21, 2016/Reuters Nigeria’s Senate president said on Monday that the country’s parliament would start debating next week an amended Petroleum Industry Bill (PIB), a much-delayed plan to overhaul the vital energy sector hit by graft and mismanagement. President Muhammadu Buhari has made it a priority to get approval for […]
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 […]