Nigeria Sovereign Investment Authority considers monoline insurance to attract investors

The Nigeria Sovereign Investment Authority, NSIA, statutory fund manager for Nigeria’ s sovereign wealth fund, SWF, is working out arrangements for a monoline insurance...

GE to invest $60 million annually on locally sourced goods, services

The Executive Secretary of the Nigerian Content Development and Monitoring Board, NCDMB, Engineer Ernest Nwapa, has said that the annual spending on locally sourced...

NNPC withholds FG’s N1.65trn – NASS •We’re still investigating claims – NNPC

The National Assembly Budget and Research Office has stated that the National Petroleum Investment Management Services, a subsidiary of the Nigeria National Petroleum Corporation,...

N4.423bn debt: NEITI reveals PPPRA acknowledgment letter

The Nigeria Extractive Industries Transparency Initiative on Sunday released a letter sent to it by the Petroleum Products Pricing Regulatory Agency, acknowledging the draft...

PPPRA urges NEITI to desist from confusing the public over audit report

The Petroleum Products Pricing Regulatory Agency, PPPRA has appealed to the Nigeria Extractive Industries Transparency Initiative, NEITI, to desist from confusing the public further...

Shell Nigeria contradicts parent company, says it lost $250m not $700m

Shell Nigeria, Wednesday, denied claims that its parent company, Royal Dutch Shell, lost $700 million (N112 billion) in second quarter 2013, due to crude...

OPEC daily basket price closed at $105.56/b

The price of OPEC basket of twelve crudes stood at 105.56 dollars a barrel on Tuesday, compared with $106.43 the previous day, according to...

NEITI confusing Nigerians with audit report – PPPRA

The Petroleum Products Pricing Regulatory Agency on Tuesday said the Nigerian Extractive Industries Transparency Initiative was confusing the public with its recently released audit...

Oil majors still investing in economy despite challenges associated with Nigeria

For some time now, oil giants, such as Shell, Total, ENI and Chevron, have been complaining about the difficulties of working in the Niger...

NEITI reiterates stance on authenticity of its report

The Nigeria Extractive Industries Transparency Initiative (NEITI) Monday affirmed its stance on the authenticity of its recent  audit report on the activities in the...

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