Daily Archives: February 23, 2018

Rise in Crude Oil Prices Boosts FAAC Disbursement to N6.418 Trillion

  The Federation Account Allocation Committee (FAAC), disbursed a total sum of N6.418trillion in 2017, representing an increase of 25.8 per cent, and 6.8 per cent when compared to the N5.1 trillion and N6.011 trillion disbursed in 2016, and 2015 respectively.   NEITI attributed this slight increase in FAAC disbursement to the recent rise in […]

Kachikwu: Nigeria Will Protect, Utilise Africa’s Market for Her Oil Industry

  Nigeria will quickly move to protect and utilise existing and expanding opportunities in Africa’s energy market for the benefits of operators in her oil and gas industry, and perhaps become the leading energy supplier of the continent, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, disclosed on Thursday.   Speaking before the […]