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Kachikwu canvasses early repairs of refineries

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The Minister of State for Petroleum Resources, Dr. Emmanuel IbeKachikwu has called  for the prompt  rehabilitation of the nation’s refineries as part of measures to prevent them from being sold as scrap. Speaking on Thursday at a stakeholders’ consultative forum on the draft National Gas Policy and National Oil Policy in Abuja, the Minister …

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NNPC to recover N1.5trillion over-deducted tax benefits from firms

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THE Federal Government through the Nigerian National Petroleum Cooperation (NNPC) has announced plans to recover $7billion (N1.5trillion) in over-deducted tax benefits from joint venture partners on major capital projects. NNPC has also appointed an accounting firm to ascertain the exact amount due to government on the Strategic Alliance Contracts entered …

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