The money was believed to have been siphoned from undeclared crude oil sales under the Goodluck Jonathan administration allegedly by the NNPC officials and their collaborators in the Central Bank of Nigeria.Continue Reading
“The time has come for us to ensure that the cost of production is beaten down to a more meaningful and profitable production cost. I believe that the Petroleum Industry Bill, making provision for funds to go into the host community funds, would probably this time around get us a better deal with the communities,” Lawan said.Continue Reading
Crude oil production in Nigeria tumbled by 155,000 barrels to a record low in December amid the production cuts by the Organisation of the Petroleum Exporting Countries and its allies.Continue Reading
