Tag: losses

How NNPC failed to remit $3.8bn, N358.3bn to FG in 2013

A recently released report by the Nigeria Extractive Industries and Transparency Initiative (NEITI) has alleged that the Nigerian National Petroleum Corporation failed to remit $3.8 billion and N358.3 billion to…

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Nigeria loses N21billion to pipeline vandalism in 6 weeks

by Andem Effiong Nigeria has declared a loss of over N21.37bn in the last six weeks as a result of vandalism of the Trans-Forcados and the Escravos-Lagos pipelines that convey crude…

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