Tag: nnpc

nnpc

Senate to probe diversion of $1.05bn by NNPC

The Senate on Tuesday gave its Committee on Petroleum (Gas) nod to investigate diversion of $1.05 billion by the Nigeria National...
nnpc

Senate probes NNPC’s $3.5bn Subsidy Recovery Fund

The Senate, on Tuesday, resolved to set up an ad-hoc committee to investigate $3.5 billion Subsidy Recovery Fund, allegedly created by the Nigerian National...
nnpc

FAAC suspends meetings indefinitely over under-remittance by NNPC

The Chairman, Commissioners of Finance Forum, Mr Mahmood Yunusa, on Thursday said the Federation Accounts Allocation Committee (FAAC) has agreed to suspend meetings indefinitely...
nnpc

FAAC: FG, states again fail to share May revenue over discrepancies in NNPC...

The monthly Federation Account Allocation Committee (FAAC) meeting has again ended in a stalemate as Federal and state governments rejected the revenue figures submitted by...
nnpc

NNPC: We already agreed with governors to make monthly remittance of N112bn to FAAC

The Nigerian National Petroleum Corporation (NNPC) has justified its June remittance of N147 billion to the Federation Accounts and Allocation Committee (FAAC). The  Group General...
nnpc

FAAC meeting ends in deadlock over NNPC’s alleged revenue remittance discrepancies

The monthly Federation Account Allocation Committee (FAAC) meeting ended in a deadlock on Wednesday in Abuja. The FAAC monthly meeting, a forum where money is...
nnpc

Senate to investigate NNPC, IOCs’ boycott of Nigeria  pipe manufacturer

The Senate Committee on Local Content says the Red Chanber will  investigate the non patronage of a multi-million dollar internationally certified Nigerian pipe manufacturing...
nnpc

Reps begin probe of $22bn NNPC’s Brass Liquefied Natural Gas project

The House of Representatives, on Thursday, resolved to set up an ad-hoc committee to investigate the expenditure and implementation of the $22 billion Brass...
nnpc

NNPC’s N800bn fuel subsidy outrageous, say governors

The Chairman of Governors’ Forum, Governor Abdulazeez Yari of Zamfara State, says the National Economic Council (NEC) will soon take decision on whether to...
osinbajo

Revenue under-payment: NEC endorses refund of N526bn, $21bn by NNPC, Customs, FIRS, NPA,...

The National Economic Council (NEC) has confirmed that N526 billion and $21 billion was under-paid to the federation account by some Federal...