Nigerian National Petroleum Corporation, NNPC headquarters are seen in Abuja

Nigeria investing $7 billion in JVs oil, gas sector annually – NNPC

Nigeria is investing about $7 billion annually in joint ventures in the oil and gas sector, the Nigerian National Petroleum Corporation has said. In a report presented by the corporation at a recent stakeholders’ workshop organised by the Nigeria Extractive Industries Transparency Initiative on oil sector validation, the NNPC stated that it had been managing […]

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Nigeria to end JV Cash Calls in the next year, eyes $15bn

The Federal Government is pushing to end the era of Joint Venture (JV) Cash Calls with oil majors by next year, the Minister of State, Petroleum Resources, Dr. Ibe Kachikwu, has said. Kachikwu, who stated this while briefing State House correspondents after making a presentation to the National Economic Council (NEC) meeting, yesterday, said the […]

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