Daily Archives: January 26, 2018

Nigeria Can’t Rely on Rising Oil Prices, Minister Says

  Africa’s top oil producer is learning to ignore crude prices, Nigeria’s Finance Minister Kemi Adeosun said.   “We’ve gotten to a point where we don’t care,” whether prices will be sustained at the level that they have recently risen to, Adeosun said during an interview in her office in the capital, Abuja. “We’ve been […]

Govs Accuse NNPC of Non-remittance of Full JV Proceeds for Five Years

  The Nigeria Governors’ Forum (NGF) thursday in Abuja accused the Nigerian National Petroleum Corporation (NNPC) of short-changing the country by failing to remit to the entire joint venture proceeds from the sale of crude oil to the Federation Account for a period of five years.   Briefing State House correspondents after a closed-door meeting […]

Petrol scarcity pushes Nigeria’s daily consumption to 55m litres

  According to the Nigerian National Petroleum Corporation (NNPC), Nigeria’s daily petrol consumption has gone up to 55 million litres from the 35 million litres that it used to be due to petrol scarcity in the country and smuggling across its borders, The Punch reports.   The NNPC in a statement also explained that at […]