Chairman of the Ad hoc committee, Hon. Gideon Gwani while addressing a press conference in Abuja said the oil companies have refused to pay the compulsory fee to the federal government adding that the companies which ought to salvage the situation of the country by making payment when due, owes the government hundreds of millions of dollars thus compounding the problem.
CBN Governor Godwin Emefiele yesterday maintain that oil marketers would still make profit even if they buy forex at N320 to the dollar, stressing the stance that oil marketers buy forex from the parallel market.
04 May 2016, Abuja – Oil, gas and power firms owe banks in the country about N3.931 trillion as at…
18 April 2016, Abuja – The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said the economy would…
The Corporation explained that Kachikwu, who doubles as the Group Managing Director of the NNPC, had cancelled existing contract with the jet company, Vistajets when he assumed office, and had saved the corporation considerable funds.
11 April 2016, Abuja – The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu,…
…Aircraft flown to CBN governor’s mother’s burial 09 April 2016, Abuja – Top-rated Canadian-made private jets chartered regularly by the…
22 March 2016, Lagos – Despite the poor electricity generation in the country, the Governor of Central Bank of Nigeria…
22 March 2016, Abuja – In a bid to tighten money supply in response to the sharp increase in inflation…
…Says low oil revenue to linger 27 January 2015, Abuja – The Monetary Policy Committee of the Central Bank of Nigeria…
