Mkpoikana Udoma 25 December 2017, Sweetcrude, Port Harcourt – Youths in Ogoni under the auspices of Ogoni Youth Federation, OYF,…
Browsing: Excess Crude Account
“The Federal Government’s insensitivity to the Niger Delta development has obviously reached its crescendo. We will not take this but resist with our might. This broad day light robbery against the Niger Delta people will not be accepted by us. We are going to resist this perpetual injustice against our long-neglected people in the region.”
“The money will cover the whole array of needs which includes purchase of equipment, training for military personnel and logistics,” he told reporters after a meeting of Nigeria’s national economic council.
OpeOluwani Akintayo 23 November 2017, Sweetcrude, Lagos – The former governor of Anambra State, Mr. Peter Obi, has insisted that Nigeria…
“The constitution stipulates that every revenue should be paid into the Federation Account but with the ECA, who determines how much goes into excess crude? Is it to be handled by the executive or NNPC?”
07 November 2017, Sweetcrude, Abuja – The Senate on Tuesday called for the abolition of Excess Crude Account. The Upper…
He said, “There was significant increase in revenue from export sales of $176.4 million due to an increase in crude oil production by 4.12 million barrels. However, the average price of crude oil decreased from $50.44 to $46.29 per barrel.”
Idris said the sum indicated a rise in the revenue shared by the three tiers of government of N169 billion for September compared to about N467.8 billion shared in August – inclusive of Value Added Tax (VAT).
The price increase is an additional benefit to Nigeria, which just secured the nod of OPEC for the extension of its exemption from crude oil production cap following the country’s plea to be exempted until it stabilises its production.
*Resurgence of electric cars portends grim prospect *Development overtakes agitations over oil revenue Chuks Isiwu 11 August 2017, Sweetcrude, Lagos…
