* Cbank leaked letter said $50 billion unaccounted for * Finance, oil ministers held talks with cbank governor * Probes have found state-oil firm to lack transparency Nigeria’s central bank said on Wednesday the state-oil company NNPC had not paid $12 billion it earned from oil sales into government accounts, […]
Tag: NNPC
Sanusi Lacks Understanding Of How Revenues From Crude Oil Are Remitted To Fed Account, Says NNPC GMD
The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Engr. Andrew Yakubu Friday faulted the claim by the CBN Governor, Mr. Lamido Sanusi that the NNPC has failed to remit the sum of $49.8b from the sale of crude oil saying his claim is borne out of […]
Nigeria warns oil block buyers could lose operating rights
* Chevron selling five onshore oil blocks * NNPC warns buyers may not get right to operate them Nigeria’s state oil company warned investors interested in three shallow water oil blocks offered for sale by Chevron that buyers may lose the right to operate them. U.S.-based Chevron is selling minority […]
