“The persons supporting its sale and those clamoring to buy are aware of the benefits they would make from such transactions,” the agency stated.
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“The sector is no longer the black hole that it once was, but we could still use more transparency. Things are opening up. There could be more in the area of contracts, ownership and expenditure transparency, but definitely there is some progress,” Adio said.
It also showed that $586.011 million accounted for unreconciled export sales receivables in the year under review explaining that this is as a result of previous year unexplained/unreconciled difference. “The difference may continuously be carried forward. ”
“NLNG as a corporate organisation has decided to fund half of the project by taking 50 per cent cost of delivering the project while the Federal Government takes 50 per cent.”
Dr. Baru noted that the long delay in the passage of the PIB had led to uncertainty in the fiscal terms, while the recent move by the National Assembly to amend the NLNG Act had also dampened the optimism of investors in the industry.
16 June 2016, Port Harcourt – A group of former Niger Delta militants have issued a 14-day ultimatum to oil…