Government should not be given free money. N1.8 trillion has been given to DISCOs maybe in their books.
The NNPC also published the audited accounts of its 20 subsidiaries and business divisions.
NNPC and partners would be investing 53% of the N21 billion COVID-19 donations from the oil and gas sector.
This year has been a turbulent one for the oil market as crude oil prices went negative for the first time in history.
Prof. Yemi Osinbajo commissioned the operations of DGPMP to enable Nigeria mine her gold reserves properly, trade responsibly and refine locally.
The supply will overshoot the demand in a short time and we will likely slide to where we were in early March 2020.
Investors' concerns strengthen over the pace at which the global economic recovery from COVID-19 overriding OPEC+ pledge to extend oil production cuts
Mele Kyari disclosed that the country will implement all of the output cuts that were agreed, by the middle of July at the latest.
NERC gives 7 electricity distribution companies a timeframe of 14 days to explain why they should not be sanctioned.
Despite the output cuts from OPEC+ and curtailments in North America, crude oil prices may be short-lived as Brent crude could slip back