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 […]
Tag: President Muhammadu Buhari
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 […]
Nigeria aims to end refined petroleum imports within 18 months
March 8, 2016/Reuters Nigeria, Africa’s top oil producer, wants to remove the need for imported petroleum products within 18 months, Minister of State for Petroleum Emmanuel Ibe Kachikwu said on Tuesday. Nigeria’s four refineries have never reached full production because of sabotage and poor maintenance, causing the country to rely […]
