Tag: Oil
NNPC Earns $5.18bn From Oil In 2019
The Nigerian National Petroleum Corporation NNPC said that the country exported oil and gas worth about 5.18 billion dollars from January 2019 to January...
FG Revokes 11 Oil Mining Licences As Revenue Shrinks
The Federal Government has revoked the mining licences of about 11 oil and gas companies operating in the marginal fields.A Source said the companies...
FG To Cut FIRS’ N8.5tr Target
The Federal Government is revising the non-oil revenue projections, including various tax and customs receipts.This means the 8.5 trillion naira target set for the
Federal...
Nigeria’s Stolen Oil; NEITI Says Metering Can Reduce Volume
The Nigeria Extractive Industries Transparency Initiative, NEITI has said that Nigeria could reduce the volume of oil stolen from her shores.NEITI
insisted on, and installing...
Budget: FG Maintains Oil Bench Mark In Spite Increase In Oil...
Minister of State for Budget and
National Planning, Clem Agba says Federal government would maintain its bench
mark of 60 dollars per barrel in spite of...
Oil Theft Costs Nigeria 22mb In 6 Months – Gov....
Governor Godwin Obaseki of Edo state has said that the nation lost about twenty two million barrels of its crude oil production to oil...
Labour: FG Seeks Ilo’s Support To Review, Strengthen Laws
The Federal Government on Friday requested the assistance of the International Labour Organisation, in the review and strengthening of Labour laws in the country.The
Permanent...
Oil: Troops Arrest 5 Suspected Thieves In Special Raid
The
Nigerian Navy said it arrested five suspected oil thieves who specialise in
vandalising oil piplelines and stealing petroleum products in Rivers state.Executive
Officer, Nigerian Navy Ship...
Restricted Items :Buhari Directs CBN To Blacklist Firms Importing Palm Oil,...
President
Muhammadu Buhari has directed the Central Bank of Nigeria to blacklist any
firm, its owner and top management caught smuggling or dumping any of the
restricted...
