Daily Archives: July 2, 2018

FAAC controversy: NNPC, states fight dirty over declining remittances

  The frosty relationship between the 36 states of the federation, the Federal Capital Territory (FCT) and the management of the Nigerian National Petroleum Corporation (NNPC) since March 2018 has continued to deteriorate steadily with Nigerian citizens including civil servants taking a hit unknown to many. At the heart of this ugly trend is the […]

No Crude Oil discovered in Bida Basin yet – NNPC

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Kacalla Baru has debunked claims that commercial quantities of crude oil have been discovered in the Bida Basins.   He said that the Bida basin exploration have not advanced to the level of declaring discoveries talk less of claiming that the oil and gas […]