Aliko Dangote is seeking out more loans to facilitate the completion of his refinery in Lagos.
Governor Nasir El-Rufai’s government has signed an MOU with NNPC’s subsidiary, Gas Aggregation Company of Nigeria (GACN), to expand the gas supply in Kaduna.
Mr Buhari says the NNPC declared a net profit in 2020, the first time in its 44-year history.
The NNPC boss said the outlet in Niger would help curb smuggling of petroleum products across land borders. There no word, however, on similar plans for other neighbouring countries.
Specifically, some lawmakers are seething over claims that Senate President Ahmad Lawan and Speaker Femi Gbajabiamiala received $2 million each in cash bribes to pass the historic law.
The federal government will hold an equity stake in trust for states and local government areas in the proposed NNPC Ltd. in the Petroleum Industry Act (PIA).
The police invaded the media company after the Dangote refinery spokesman failed to get the newspaper to pull down the story.
There has been a shakeup in the Nigerian National Petroleum Corporation (NNPC).
The Federal Executive Council (FEC) has approved the acquisition of 20 per cent minority stakes ($2
Mr Diri said the marginal oil field remained a prized asset of the state to which it is sentimentally attached.
