Nigeria is literally speaking, a mono product economy, with an over reliance on commodity sales as source of revenue to the nation’s coffers. The Nigerian National Petroleum Corporation (NNPC), is the state owned oil company responsible for supervising, regulating and in collaboration with other oil companies
Former Minister of Petroleum Resources, Diezani Alison-Madueke has denied ownership of $153.3m recently forfeited to the Federal Government. In a rebuttal, she stated that the Economic and Financial Crimes Commission (EFCC) has not given her fair hearing. The ex-minister said the EFCC did not notify her or
The Chief Executive Officer in charge of Gas and Power in NNPC, Saidu Mohammed, yesterday disclosed that the oil corporation would resume its search for oil in the Lake Chad Basin by the end of the year. Mohammed who was speaking on behalf of the group