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Oil, gas export revenue fell by $2.23bn in 2020 – NNPC

Oil, gas export revenue fell by $2.23bn in 2020 – NNPC
The Punch
Published 12:28 am
The total revenue generated by the Nigerian National Petroleum Corporation from crude oil and gas exports plunged by 45.98 per cent last year amid the COVID-19-induced collapse in price and demand, ’
FEMI ASU reports
Nigeria’s revenue from the exports of crude oil and gas fell to $2.62bn in 2020 from $4.85bn in the previous year as the COVID-19 pandemic triggered a sharp decline in prices and demand for the commodity.
Oil and gas account for about 50 per cent of the Nigerian government revenues and over 90 per cent of export earnings but represent only about 10 per cent of the country’s Gross Domestic Product. ....

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NNPC must account for N1.3tn alleged illegal deductions, Reps insist

NNPC must account for N1.3tn alleged illegal deductions, Reps insist
punchng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from punchng.com Daily Mail and Mail on Sunday newspapers.

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Reps sound tough as NNPC, others shun summons

Punch Newspapers
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Leke Baiyewu, Abuja
The House of Representatives Committee on Public Accounts on Thursday criticised the Group Managing Director of the Nigerian National Petroleum Corporation, Melee Kyari, and heads of the corporation’s subsidiaries for failing to appear before it.
The committee said it was the 10th time the officials would write to defer their appearance at its investigative hearing on the audit queries issued against them by the Office of the Auditor General of the Federation, including unaccounted proceed of oil sales amounting to about N3.9tn.
The subsidiaries with queries against them include the Nigerian Petroleum Development Company Limited, Petroleum Products Marketing Company Limited, Petroleum Products Pricing Regulatory Agency and the NNPC Retail Limited. ....

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Audit query: Reps kick as NNPC, others shun summons

Punch Newspapers
Sections
Leke Baiyewu, Abuja
The House of Representatives Committee on Public Accounts, on Thursday, strongly criticised the failure by the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, and heads of the corporation’s subsidiaries to appear before it.
The committee decried that it was the tenth time the officials would write to defer their appearance at its investigative hearing on the audit queries issued against them by the Office of the Auditor General of the Federation, including unaccounted proceed of oil sales amounting to about N3.9tn.
Those with queries against them are the Nigerian Petroleum Development Company Limited, Petroleum Products Marketing Company Limited, Petroleum Products Pricing Regulatory Agency, NNPC Retail Limited, National Petroleum Investment & Management Services, National Petroleum Exchange, Nigerian Gas Company, NNPC Pension Limited, Kaduna Refining and Petrochemical Company, ....

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Reps to grill NNPC, others over N3.9bn non-remittance

Leke Baiyewu, Abuja
the House of Representatives Committee on Public Accounts is expecting the Group Managing Director, Nigerian National Petroleu. ....

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