‘NNPC should be unbundled and disbanded’ Former Governor of the Central Bank of Nigeria(CBN) and deposed Emir of Kano, Lamido Sanusi has called for the unbundling of the Nigerian National Petroleum Company Limited (NNPCL) declaring the national oil company as a money pit and not a “cash cow”. Sanusi, who spoke at the 7th edition
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Nigeria’s oil production plunged to 972,000 barrels per day in August 2022, as Angola and Libya overtook Nigeria by producing higher volumes of crude during the review month, the Organisation of Petroleum Exporting Countries has said. OPEC disclosed this in its September 2022 report, confirming the figures released recently by the Nigeria Upstream Petroleum Regulatory
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The Federal Government has recovered N600bn from oil and gas companies operating in Nigeria which comprised unpaid taxes, royalties, penalties and commission on rentals that were identified in the audit report of the Nigeria Extractive Industries Transparency Initiative. Sources revealed that the total liabilities of the 77 oil firms that were involved as at 2019
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