She said further: “The Price Water House Copper forensic audit that was done few weeks ago in its recommendation mentioned that $1.48 billion was owed by NPDC for a block that had hitherto been assigned from the NNPC to Nigeria Petroleum Development Company, which is its subsidiary, and they felt that the right process would be that NPDC will refund that money to the Federation Account
Browsing: Diezani Alison-Madueke
Minutes after Abubakar left the State House, Alison-Madueke drove in and headed straight to the President’s office
The Petroleum Products Pricing Regulatory Agency and the Department of Petroleum Resources were directed to effect the price change with immediate effect
A statement by the Petroleum Products Pricing Regulatory Agency said the early release is in furtherance of Alison-Madueke’s resolve at ensuring continuous and robust products supply in the system
The executive secretary promised to ensure prompt processing of documents for all imported products duly brought into the country
Meanwhile, OPEC agreed on Wednesday to renew its oil production ceiling of 30 million barrels a day for the second half of this year in a widely anticipated decision
Nigeria is proposing to put her nomination as secretary-general on the agenda of OPEC’s semiannual meeting slated for today
Mohammed initially blamed journalists for the ‘misinformation’ before he was informed that it emanated from Justice Mohammed
The NNPC management had continuously failed to provide the committee with details of its financial transactions, claiming that it was still collating the financial information required
$20 billion represents one eighth of Nigeria’s total oil derived income. That is one quarter of our yearly earnings
(Reuters): “Nigerian tycoon Aliko Dangote has acquired a controlling stake in Nigeria’s third-largest refinery in Kaduna for an undisclosed sum, consolidating his grip on the OPEC member nation’s refining sector. It was the second major refinery purchase in a week by Dangote, who is a major financier of the ruling party and ally of outgoing President Olusegun Obasanjo, after he bought the largest refinery in Port Harcourt on May 17
She noted that effort at combating the menace locally is made more complicated because of the international slant of the crime
The minister said that the offer was part of the outcome of the dialogue group preceding the Nigeria-Kenya Investment Forum held on Friday in Nairobi
He said “a colossal sum of $380 billionn or N59 trillion, and $15.72 trillion worth of gas assets were alleged to be at stake in the shady deal”