FINANCING

..,……As Kyari Clarifies Revenue Projection for 2022-2024 Revenue Framework……… The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, on Wednesday received accolades from the House of Representatives Committee on Finance for providing detailed explanations on some burning Oil Industry issues at an interactive session on the 2022-2024 Medium Term Expenditure and Revenue Framework (MTERF) and ...

The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Dr Ogbonnaya Orji, has met with the Minister of Foreign Affairs Mr. Godfrey Onyeama on the need to incorporate the implementation of natural resource governance into Nigeria’s foreign policy. Speaking during the meeting in Abuja, Orji said that it was important that both NEITI and the ministry work together ...

The Nigeria National Petroleum Corporation”s ( NNPC), Group Managing Director, (GMD) Mallam Mele Kyari has said that the new commercialized NNPC will over a time sell some of its shares in the capital market. Kyari explained that the Petroleum Industry Act (PIA) has for now bequeatted the share holdings of the new NNPC in trust to the Federal Ministry of ...

………………..by Jenifer Dike…………. The Minister of State for Petroleum Resources, Chief Timipre Sylva has said that the new Petroleum Industry Act (PIA) is expected to attract into Nigeria an estimated foreign investment of over $25 billion from an expected $50 billion sub-Saharan oil and gas investment. The Minister lamented that the absence of the PIA before now led to the ...

The Nigerian National Petroleum Corporation (NNPC) has recorded a total of $1.6 billion in export of crude oil and gas in one year between April last year, 2020 to April this year. This figure is contained in the corporation’s monthly financial report that was just released. The report indicated that a total sum of N220.08 billion was made on the ...

The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of ₦43.57bn in April 2021 representing a 23.64% increase over the ₦35.24bn surplus it recorded in the previous month of March 2021.This is contained in the April 2021 edition of the NNPC Monthly Financial and Operations Report (MFOR), according to a press release by the Group General Manager, Group ...

Social Performance and Social Investment Manager, The Shell Petroleum Development Company of Nigeria Limited, Dr. Gloria Udoh (middle), presenting a N48m cheque to representatives of the 117 beneficiaries of the Shell Nigeria LiveWIRE programme at a graduation ceremony in Port Harcourt… on Friday Social Performance and Social Investment Manager, The Shell Petroleum Development Company of Nigeria Limited, Dr. Gloria Udoh ...

The Group Managing Director of Nigerian National Petroleum Corporation (NNPC) has said the Corporation will in months ahead declare its first dividend to Nigerians as it prepares to release its 2020 financial statements in the third quarter of this year. Kyari disclosed this in Lagos while delivering an address at the opening ceremony of the Nigeria Annual International Conference and ...

…declares interim dividend of 2.5 cents per share…… Seplat Energy Plc recorded an impressive half year (H1) 2021 scorecard with profit before deferred tax (PBT) of $62.1million, representing an increase of 142.7percent as against H1’20. Highlights of the company’s financial further show that revenue went up 32percent to $308.8 million in H1’21, from $233.5million in H1’20; earnings before interest, taxes, ...

Bank of Nigeria (CBN) on Thursday says it will start immediate refund of capital deposit to Bureaux de Change (BDC) promoters with pending applications. According to a circular signed by Ibrahim Tukur for the Director, Financial Policy and Regulation Department of the apex bank, this is in furtherance of the decision to discontinue allocation of Foreign Exchange (FX) to BDC ...