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Nigeria: Governors, Others Accused of Diverting 13 Percent NDDC Oil Communities' Benefits
Vanguard, 17 November 2020
Governors in the Niger Delta region and other oil producing states have been accused of diverting the 13 per cent derivation fund meant for development of oil producing communities… Read more »
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Nigeria: Investigate Financial Transactions of NNPC, NIMASA, NPA, Others, Senate Tells AuGF
This Day, 17 November 2020
The Senate has directed the Acting Auditor General of the Federation, Mr. Adolphus Aghughu, to investigate the financial transactions of big revenue generating agencies like… Read more »
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Nigeria: House Summons Kyari, Emefiele Over Non-Remittance of N3 Trillion Revenue
This Day, 16 November 2020
The House of Representatives has summoned the Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr. Mele Kyari, and Governor of Central Bank of Nigeria… Read more »
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Nigeria: NNPC Lost Over N20 Billion in 2019 - Audit Report
Premium Times, 19 October 2020
The Nigerian National Petroleum Corporation (NNPC) recorded a loss of N20.2 billion in 2019, according to the state-owned firm's latest audited annual financial statement. Read more »
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Nigeria: NNPC's 2019 Audited Financial Report Shows N801.3bn Reduction in Losses
This Day, 16 October 2020
-Report puts corporation on recovery path Read more »
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Nigeria: NNPC and Oil Search
This Day, 6 October 2020
Peter Uzoho writes on the Nigerian National Petroleum Corporation aggressive search for new oil deposits to achieve its target of raising the nation's oil reserve to 40 billion… Read more »
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Nigeria: Deregulation Will Drive Investment in Refining - Kyari
Vanguard, 6 October 2020
Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari, on Tuesday, stated that the deregulation of the downstream sector of the oil and… Read more »
Nigeria Big Wigs to Explain Oil Funds Missing From State Coffers
The House of Representatives has summoned the Group Managing Director of Nigerian National Petroleum Corporation, NNPC, Mele Kyari, and the Governor of Central Bank of Nigeria, CBN Godwin Emefiele to explain the alleged non-remittance of U.S.$19.253 billion revenue accrued from sales of domestic crude oil in 2014. The revenue is supposed to be paid immediately and according to the office of the auditor general of the federation, there was no positive response on similar issues raised in 2012, writes Udora Orizu for This Day.
