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oil firms

Mind boggling revelation: NNPC, oil firms yet to remit $22bn, N481bn to FG’s account

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NNPC

…NNPC owes Federation Account $19.04bn, N424.56bn; NPDC owes $2.38bn, N1.95bn …NEITI: Unremitted funds part of unresolved remedial issues in 2010 to 2015 audit reports The Nigeria Extractive Industry Transparency Initiative (NEITI) has disclosed that the Nigerian National Petroleum Corporation (NNPC) and other stakeholders in the oil and gas sector and Nigerian Petroleum Development Company (NPDC) […]

Kachikwu assures local oil firms of support

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Minister of State for Petroleum Resources Dr. Ibe Emmanuel kachikwu, has said that his major priority in the petroleum industry, includes creating an enabling template for the survival of the local oil industries. The minister of state for petroleum, said this, while witnessing the signing of memorandum of understanding ceremony Thursday in Abuja between local […]