She noted that apart from oil revenue, NNPC had for 67 consecutive months, paid additional N6.33bn into the federation account to be shared among the three tiers of government. The payment commenced in September 2011 after auditing of the accounts of the oil firm showed that it had been under remitting to the federal government.
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23 June 2017, Sweetcrude, Vienna, Austria — The price of OPEC basket of fourteen crudes stood at $42.58 a barrel…
22 June 2017, Sweetcrude, Lagos – Under a leaden sky in oil-rich southern Nigeria, young men hang around with nothing…
22 June 2017, Sweetcrude, Abuja – The Federal High Court, Abuja, on Thursday granted the Economic and Financial Crime Commission,…
He added that the 1964 act was prepared to meet the situations as at then, adding that the penalties and fines in the act were too soft compare to the gravity of offences being committed by explosive users nowadays.
Also, the peak was 3,948 MW lower than 3,960MW generated on June 16. This was attributed to the loss of Distribution Companies (Discos) feeders arising from heavy rainfall leading to frequency management reduction in generation output across the grid.
22 June 2017, Sweetcrude, Vienna, Austria — The price of OPEC basket of fourteen crudes stood at $43.14 a barrel…
22 June 2017, Sweetcrude, Lagos — IN a bid to ensure full compliance with the executive order on 24 hours…
Ike Amos 21 June 2017, Sweetcrude, Abuja — An Indonesian firm, PT Intim Perkasa Nigeria Limited, a subsidiary of PT…
Ike Amos 21 June 2017, Sweetcrude, Abuja — The three refineries in the country, Kaduna, Warri and Port Harcourt refineries,…