The Nigerian National Petroleum Company Limited (NNPCL) has said it will continue to collaborate with the Nigeria Extractive Industries Transparency Initiative (NEITI) and relevant stakeholders in the Reconciliation Committee set up by President Bola Tinubu to...
The Nigerian National Petroleum Company Limited has said it will continue to collaborate with the Nigeria Extractive Industries Transparency Initiative and relevant stakeholders in the Reconciliation Committee set up by President Bola Tinubu to investigate...
“NNPC Ltd states that at the outset of President Ahmed Tinubu’s administration, it was made to sell Premium Motor Spirit imported into the country at one third of its value, a development that gave rise to an average of N400 billion monthly subsidy bill, which subsequently put a strain on its revenues and finances.
“Similarly, the receivables due from the federation to NNPC Exploration & Production Limited as of 31st May 2023 amount to $712million for revenues not remitted to NEPL but paid into the Federation account. Indeed, aside being a signatory to several EITI’s global ethics and standards, NNPC Ltd had on the sidelines of the United Nation’s General Assembly in Washington DC, in September this year, signed up to the United Nations Global Compact on human rights, labour, environment, and anti-corruption, thereby becoming the first state-owned oil company to join the global initiative.
Dozens of persons have been killed following a terrorist attack on a Maulud procession by Muslim faithful at Kusa Village in Musawa Local Council of Katsina State. President Bola Ahmed Tinubu, yesterday, launched an agricultural extension policy to improve dissemination of innovations and technology to farmers to achieve food security.
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