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 the Federation account in 2013 This was disclosed by the Chairman of NEITI, Kayode Fayemi, while presenting the 2013 audit reports of the agency in... Read More

The News Blog

: Gas & Oil, 2013, FG, losses, NEITI, nnpc, Oil, remit, revenue

February 5, 2015

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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 oil and gas to different energy plants. The Nigerian National Petroleum Corporation (NNPC) said on Wednesday that there had been a recent increase in attacks... Read More

The News Blog

crude oil, David Ige, losses, nigeria, nnpc, vandalism