TAG: NNPC

Nigeria’s ₦4.314 trillion crude oil target now looks gloomy

Nigeria’s ₦4.314 trillion crude oil target now looks gloomy

Nigeria’s plan to increase its crude oil revenue to N4.314 trillion from 300 million...


These two investors have been selected by FG to build 217,000bpd refineries in Port Harcourt, Warri

These two investors have been selected by FG to build 217,000bpd refineries in Port Harcourt, Warri

The Federal Government has selected two out of the ten investors who showed interest...


NNPC says Nigeria’s cost of oil production is now $23 a barrel

NNPC says Nigeria’s cost of oil production is now $23 a barrel

The Nigerian National Petroleum Corporation (NNPC) says Nigeria now has an average cost of...


Banks ask for damages as FG withdraws N247 billion TSA case against them

Banks ask for damages as FG withdraws N247 billion TSA case against them

After accusing 7 commercial banks of illegally withholding government funds, that were meant for...


NNPC secures $3.8 billion FDI; to clear up JV cash debts by April 2018

NNPC secures $3.8 billion FDI; to clear up JV cash debts by April 2018

The Nigerian National Petroleum Corporation, NNPC, has secured a $3.8 billion foreign direct investment...


NNPC breaks silence on unremitted TSA funds held in 3 banks

NNPC breaks silence on unremitted TSA funds held in 3 banks

The Nigerian National Petroleum Corporation (NNPC) has issued a statement clarifying  its own share...



Skye bank states its own side of alleged $793 million TSA funds

Skye bank states its own side of alleged $793 million TSA funds

Skye bank, one of 7 alleged to have withheld $793 million Treasury Single Account...


FEC approves oil policy; Nigeria to end fuel importation by 2019

FEC approves oil policy; Nigeria to end fuel importation by 2019

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Wednesday said Nigeria...


All the major economic news from Nigeria in 5 minutes-19/7/2017

All the major economic news from Nigeria in 5 minutes-19/7/2017

Summary of the top business, economic and political news in Nigeria today. Corporate Affairs...


NEITI says Nigeria earned N70 trillion but saved little

NEITI says Nigeria earned N70 trillion but saved little

According to a recent report by NEITI, Nigeria’s oil revenue savings were among the...


All the major economic news from Nigeria in 5 minutes – 18/7/2017

All the major economic news from Nigeria in 5 minutes – 18/7/2017

Summary of the top business, economic and political news in Nigeria today.   Acting...


All the major economic news from Nigeria in 5 minutes – 17/7/2017

All the major economic news from Nigeria in 5 minutes – 17/7/2017

Summary of the top business, economic and political news in Nigeria today.   The...


Strange: Capital Oil repays N2 billion, yet claims NNPC owes it

Strange: Capital Oil repays N2 billion, yet claims NNPC owes it

The management of Capital Oil lead by its MD Ifeanyi Ubah may have been...


All the major economic news from Nigeria in 5 minutes – 13/7/2017

All the major economic news from Nigeria in 5 minutes – 13/7/2017

Summary of the top business, economic and political nes in Nigeria today.   The...


All the major economic news from Nigeria in 5 minutes – 5/7/2017

All the major economic news from Nigeria in 5 minutes – 5/7/2017

Summary of the top business, economic and political news in Nigeria today.   The...


All the major economic news from Nigeria in 5 minutes – 4/7/2017

All the major economic news from Nigeria in 5 minutes – 4/7/2017

Summary of the top business, economic and political news in Nigeria today.   Oil...


All the major economic news from Nigeria in 5 minutes – 29/6/2017

All the major economic news from Nigeria in 5 minutes – 29/6/2017

Summary of the top business, economic and political news in Nigeria today.   Acting...


All the major economic news from Nigeria in 5 minutes – 28/6/2017

All the major economic news from Nigeria in 5 minutes – 28/6/2017

Summary of the top business, economic and political news in Nigeria today.   The...


All the major economic news from Nigeria in 5 minutes – 27/6/2017

All the major economic news from Nigeria in 5 minutes – 27/6/2017

Summary of the top business, economic and political news in Nigeria today.   The...


All the major economic news from Nigeria in 5 minutes – 26/6/2017

All the major economic news from Nigeria in 5 minutes – 26/6/2017

Summary of the top business, economic and political news in Nigeria today.   The...


All the major economic news from Nigeria in 5 minutes – 23/6/2017

All the major economic news from Nigeria in 5 minutes – 23/6/2017

Summary of the top business, economic and political news in Nigeria today.   The...


All the major economic news in Nigeria in 5 minutes 22/6/2017

All the major economic news in Nigeria in 5 minutes 22/6/2017

Summary of the top business, economic and political news in Nigeria today.   The...


All the major economic news from Nigeria in 5 minutes – 20/6/2017

All the major economic news from Nigeria in 5 minutes – 20/6/2017

Summary of the top business, economic and political news in Nigeria today.   The...


All the major economic news from Nigeria in 5 minutes – 14/6/2017

All the major economic news from Nigeria in 5 minutes – 14/6/2017

Summary of the top business, economic and political news in Nigeria today.   The...


All the major economic news from Nigeria in 5 minutes – 13/6/2017

All the major economic news from Nigeria in 5 minutes – 13/6/2017

Summary of the top business, economic and political news in Nigeria today.   The...


All the major economic news from Nigeria in 5 minutes – 12/6/2017

All the major economic news from Nigeria in 5 minutes – 12/6/2017

Summary of the top business, economic and political news in Nigeria today   Acting...


30% of Nigeria’s forex was spent on fuel importation in 2016

30% of Nigeria’s forex was spent on fuel importation in 2016

The Central Bank of Nigeria (CBN) spent 30% of the country’s​ foreign exchange earnings...


5 quotes that explains why Nigeria’s LNG market share is under threat

5 quotes that explains why Nigeria’s LNG market share is under threat

Still the Giant of...


All the major economic news from Nigeria in 5 minutes – 05/6/2017

All the major economic news from Nigeria in 5 minutes – 05/6/2017

Summary of the top business, economic and political news in Nigeria today.   Privatised...


All the major economic news from Nigeria in 5 minutes – 1/6/2017

All the major economic news from Nigeria in 5 minutes – 1/6/2017

Summary of the top business, economic and political news in Nigeria. Health minister Isaac...