“The combination of all of the efforts above has seen an almost 300% leap in revenues accruing from the sector jumping from N700million to about N2billion per month within a year alone,” the minister said.
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President Muhammadu Buhari will December 1, present before a Joint session of the National Assembly, the 2017 Appropriation Bill in consonance with the constitutional provision that the President of the country must present the budget for the following year before the end of the preceding financial year.
25 November 2016, Abuja — MRS Oil, Statoil, Gunvor International, Eni Trading & Shipping and 220 other foreign and indigenous…
Wabote said since the legislation came into effect, the oil and gas industry has recorded significant Foreign Direct Investment (FDI) in pipe mill and growth in Nigeria- owned marine vessels.
SERAP also noted that allegations of corruption in the energy sector have “resulted in the epileptic and interrupted supply of electricity and corresponding deprivation and denial of the citizens’ access to quality healthcare, adequate food, shelter, clothing, water, sanitation, medical care, schooling, and access to information.”
24 November 2016, Sweetcrude, Vienna, Austria — The price of OPEC basket of fourteen crudes stood at $45.35 a barrel…
Baru called on the Indian business delegation to look beyond oil and gas in its dealings with NNPC as the Corporation was on the verge of retooling its non-core businesses to be revenue earners in line with the drive to make the Corporation profitable.
Kunle Kalejaye 23 November 2016, Sweetcrude, Lagos — Mayfair Assets and Trust Limited, a subsidiary of Lekoil will receive a…
Kunle Kalejaye 23 November 2016, Sweetcrude, Lagos — Ikeja Electric Distribution Company has metered 90 percent of Distribution transformers within…
23 November 2016, Abuja – International oil companies operating in the country have discounted $1.7bn off Nigeria’s $6.8bn cash call…