Stay updated with breaking news from Performance Excellence. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Nigerian National Petroleum Company Limited, on Monday, denied reports that it inflated the subsidy on Premium Motor Spirit, popularly called petrol, by N3.3tn during the administration of former President Muhammadu Buhari.
The Nigerian National Petroleum Company Limited (NNPC Ltd) has disclaimed a report in a section of the media alleging that it inflated subsidy claims by N3.3trillion. NNPC Ltd in a statement said it conducts its businesses accountably and transparently in keeping with international best practices and has, at no time,…
June 10, (THEWILL)- The Nigerian National Petroleum Company (NNPC) Limited has refuted reports that it inflated petrol subsidy claims by N3.3 trillion. Earlier reports alleged that a forensic audit by KPMG found that NNPC inflated its petrol subsidy claims by N3.3 trillion. On Monday, reacting to the reports in a statement issued by the Chief
Kyari has shown to the world that Nigeria's oil and gas sector is no longer mired in the cesspit of venality and fiscal tardiness; that the sector has taken off on a journey in the pathway of transparency and accountability. This is cheery news and it gets even better when his modest effort is not lost on the global community. International bodies like the Extractive Industries Transparency Initiative (EITI) which described it as a ‘significant milestone’, and the Open Government Partnership, among others, have variously commended this new order of openness in NNPC.
Engineering specialists Weir Group has said demand for its speciality mining equipment will endure as it books a small uptick in 2024 orders.