“Data from CBN shows that from 2013 to 2017, total foreign exchange committed to imports in the country stood at 119.41 billion dollars, while total foreign exchange committed to imports in oil sector stood at 36.37 billion dollars.”
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Osinbajo noted that Diezani, Omokore and Aluko made away with the money and that royalties and taxes were also not paid, adding that none of them had come out to make any denial.
NNPC advised members of the public to disregard any announcement of recruitment or invitation to recruitment interview appearing in the social media, saying the corporation was not carrying out any recruitment exercise now.
“Once we obtain those approvals, we can remobilize the contractor fully. In a week’s time or so, we look forward to meeting the BPP’s requirements to enable us obtain FEC approval towards the project completion,” he noted.
OpeOluwani Akintayo 21 April 2018, Sweetcrude, Lagos — The Nigerian National Petroleum Corporation, NNPC has awarded the Engineering, Procurement, Construction…
“Nigeria is an important country for Shell. We see good opportunities there for potential investment,” referencing its Bonga offshore oil field and the expansion of liquefied natural gas as examples of this. Both projects are subject to a future final investment decision and we continue to work with our partners and the government towards that in each case.”
Mallam. Rabiu said for the first time since the establishment of NETCO, the company was declaring the highest dividend in any given year of N750 million to its shareholders at the AGM.
“For example, we have discontinued sub-commercial business arrangements such as offshore processing arrangements, disadvantaged crude for product exchange swap and poorly-managed strategic alliances.”
When asked to clarify if the current figure on petrol under-recovery was annually and how the federal government felt about it, the minister said: “Yes, currently. That is being addressed at a very high level and I don’t want to go into that.”
“For so long, NNPC had activated an aggressive gas reforms and implementation drive, requiring accelerated implementation of gas pipeline infrastructure development with specific focus on critical pipeline infrastructure to power plants and industries.”
