FG Reveals When PH Refinery Will Start Operation

The Federal Government has restated that the Port Harcourt Refining Company (PHRC) Ltd would be back on stream by December.  This is part of the government’s commitment to ending petroleum product importation as soon as efforts are being redoubled to restore the nation’s local refining capacity. The Minister of State for Petroleum Resources (Oil), Senator Heineken […]

FG, States, LGCs Share N966bn for July – FAAC

The Federation Account Allocation Committee (FAAC), has shared N966.110 billion revenue to the Federal Government, States and Local Government Councils (LGCs) for July. This is contained in a communiqué issued at the end of FAAC.meeting for August, which was chaired by the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun. According […]

Finance Minister Vows to Drive Economy to Next Level

Finance Minister and the Coordinating Minister of the Economy, Wale Edun, has officially assumed his duties. Edun on assumption of duty expressed a commitment to propel Nigeria’s economy to new heights. He conveyed this determination during a welcome event organized by the ministry’s staff in Abuja on Monday. Edun underscored that President Bola Tinubu has […]

Nigeria’s Oil Production Will Increase – Lokpobiri

The Minister of State, (Oil) Petroleum Resources, Senator Heineken Lokpobiri has assured that Nigeria will witness increase in oil production on a sustainable basis in the nearest future. Lokpobiri gave the assurance in Abuja on Monday while addressing stakeholders on his assumption of duty shortly after taking oat of office. The Minister and his counterpart, […]

FG May Sell Stakes In NNPC, 19 Entities

A Bloomberg report indicates that the Federal Government may sell stakes in about 20 state-run companies to raise funds and improve governance in the entities. The Nigerian National Petroleum Corporation is among the firms the government may sell a stake in, according to the chief executive officer at the Ministry of Finance Incorporated, Armstrong Takang. […]