The Federation Account Allocation Committee (FAAC) Thursday shared a total of N679.699 among the three tiers of government—the federal, state and local governments—as allocation for the May. The amount, shared at a joint meeting of FAAC, which held in Kano, includes total revenue distributable for the month, including Value Added Tax (VAT) of N106.826 billion […]Read More
The Nigerian National Petroleum Corporation (NNPC) has assured the public of adequate supply of petroleum products during the Easter celebration. The Group Managing Director of the corporation, Mr Maikanti Baru gave the assurance on Thursday in Enugu at the ongoing 30th Enugu International Trade Fair. Baru said that the NNPC would provide petroleum products to […]Read More
Nigeria’s Minister of State for Petroleum Resources, Dr. Emmanuel Kachikwu, disclosed that the Federal Government had recovered no less than N1.2 trillion in unpaid royalty from crude oil sales, following the Ministry’s automation initiatives.With some oil firms yet to remit their royalty to the Federal Government at the expiration of the statutory deadline, the Minister […]Read More
The Department of Petroleum Resources on Thursday declared that it had given a grace period of three months for all illegal filling stations and gas plants to regularise their facilities or face the full wrath of the law. It disclosed this in Abuja as the Nigerian National Petroleum Corporation and the DPR charged operators in […]Read More
President Muhammadu Buhari has rejected the Attorney-General of the Federation, Abubakar Malami’s proposal on how to resolve the controversy over the Malabu Oil Block(OPL 245). Buhari is insisting on the continuation of the criminal proceedings against some suspects implicated in the OPL 245 scandal. The President has also directed the Minister of State for Petroleum […]Read More
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