The National Economic Council (NEC) has resolved to intensify stakeholder engagement to boost Nigeria’s non-oil revenue base and reduce dependence on crude oil earnings. The decision followed deliberations at the Council’s 156th meeting, held virtually on Thursday and chaired by Vice President Kashim Shettima. Shettima urged faster movement toward a non-oil economy driven by competitive …
Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMPRA), Engr. Farouk Ahmed, has debunked a viral statement purported to be his response to the recent allegations made against him by the President and Chief Executive of Dangote Group, Alhaji Aliko Dangote. In a terse statement released on Tuesday, December 16, Ahmed clarified …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has dismissed recent reports alleging that it is deliberately withholding the Frontier Exploration Fund (FEF) from the Nigerian National Petroleum Company Limited (NNPCL). Addressing the allegations, Eniola Akinkuotu, the Head of Media and Strategic Communication, in a statement on Monday, December 8, confirmed that the Commission has approved …
