We’ve saved over $3b, NNPC says
06 November 2019 |
3:49 am
Nigerian National Petroleum Corporation (NNPC) yesterday said over $3 billion has been conserved from fresh arbitrations.
Kyari Townhall Meeting with staff of the Corporation held at the #NNPCTowers. Photo; TWITTER/NNPCGROUP
Nigerian National Petroleum Corporation (NNPC) yesterday said over $3 billion has been conserved from fresh arbitrations.
Coming at a time the country is yet to address a legal battle worth $9.6 billion in gas deal involving Process & Industrial Development Limited (P&ID), Group Managing Director, Mele Kyari, said the legal department of the state oil firm had intervened in a number of arbitrations that helped the country saved about $3 billion.
Kyari disclosed this at a Town Hall meeting that also involved the participation of the corporation staff.
Related
1 day ago
Sir Chikwe Udensi, a security consultant with the International Criminal Police Organization (INTERPOL), has urged Abia State governor, Dr Alex Otti, not to mix his good works with some falsehood when passing information to the people. Udensi, a chieftain of the All Progressives Grand Alliance (APGA), said that he is disturbed at the way the…
1 day ago
The Kaduna State House of Assembly Ad-Hoc Committee has set up a committee to investigate the administration of former Governor Nasir El-Rufai. The committee, established during the Assembly's sitting on April 16th, has requested a comprehensive set of documents from the state commissioner of finance. The probe will include details of all loans acquired during…
1 day ago
Hearing in two separate money laundering suits filed by the Economic and Financial Crimes Commission (EFCC) against British national, James Nolan, could not proceed on Wednesday at a Federal High Court, Abuja.
1 day ago
President Bola Tinubu has called on the nation’s Judiciary to embark on reforms that will ensure functional justice system and support economic growth.
1 day ago
Dr. Umar Ganduje, the National Chairman of the All Progressives Congress (APC), has said that the party would provide solutions to the challenges bedevilling the country. Ganduje stated this during the APC grand finale campaign and the presentation of party flags to the 11 local council chairmanship candidates, on Wednesday in Gombe. The News Agency…
1 day ago
The Rivers Commissioner for Finance, Mr. Isaac Kamalu, resigned his appointment on Wednesday. He is the second commissioner to resign from the cabinet on Wednesday after Gov. Siminialaye Fubara, announced a slight cabinet reshuffle on Tuesday. The first to resign was Prof. Zacchaeus Adangor, Attorney-General and Commissioner for Justice. In the cabinet reshuffle, the governor…
1 day ago
In furtherance of efforts to sanitize the mining sector, the federal government has revoked 924 dormant licences spanning exploration, mining, small-scale mining, and quarrying Licenses, six months after revoking 1,663 licences. The revocation licences include 528 exploration licenses; 20 mining licences; 101 quarry licenses, and 273 Small Scale Mining Licenses (SSML). Minister of Solid Minerals…
1 day ago
President Bola Tinubu has approved the take-off of the first phase of the Consumer Credit Scheme (CCS) starting with members of the civil service. This is contained in a statement by Chief Ajuri Ngelale, Special Adviser to the President on Media and Publicity, on Wednesday in Abuja. The News Agency of Nigeria (NAN) reports that…
1 day ago
Multichoice Nigeria on Wednesday announced another price increase on the DStv and GOtv packages. The company in a statement said that the new prices will take effect from Wednesday, May 1, 2024. In the new price list for DStv, Premium bouquet, the price moved from N29,500 to N37,000; Compact+ from N19,800 to N25,000; Compact from…
1 day ago
Bayelsa Deputy Governor Lawrence Ewhrudjakpo has been appointed as head of the Ondo State’s Peoples Democratic Party (PDP) governorship primary election scheduled for Thursday. This is contained in a statement made available to newsmen on Wednesday in Akure by Mr Kennedy Peretei, the Publicity Secretary of PDP in the state. The News Agency of Nigeria…
×
Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.
0 Comments
We will review and take appropriate action.