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Why NNPC fail to pay $1.8bn OML renewal fee

Nigerian National Petroleum Corporation, NNPC, has said it will not pay the 60% ($1.8bn) for lease renewal fees. Reason behind the decision was because the corporation was representing the Federal Government in the venture. The NNPC said this when responding to the alleged underpayment of lease renewal fees on the Oil Mining Leases 67, 68, […]

Chevron, partners pump N2.7billion in health sector

Chevron Company, Star Deepwater Petroleum Limited and it’s partners has contributed over N2.7billion to the country’s health infrastructure. Amongst the partners are Agbami field, including Famfa Oil Limited, Nigerian National Petroleum Corporation (NNPC), Equinor and Petroleo Brasileiro Nigeria Ltd. Chevron Nig. Ltd. Medical Director, Dr. Paul Areyenka said at a conference in Abuja that the […]