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Month: November 2016

Nigeria saves $4.5m daily from PMS deregulation— FG

The Nigerian National Petroleum Corporation (NNPC) said from January 2016 till date, government lost 7 billion dollars (2.1 Trillion Naira) to the activities of militancy groups and oil pipeline vandals in the Niger Delta region. The Group Managing Director of NNPC, Dr Maikanti Baru, said this on Friday in Abuja at the 2016 Fiscal Liquidity Assessment Committee …

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Nigeria spent only half its budget through September, budget ministry says

Nigeria spent only a little more than half its budget for 2016 through September, even though the year is three-quarters over, the budget ministry said on Friday. However, the ministry also said it had faced unanticipated revenue shortfalls but did not give details on the shortfalls. At the end of September, the ministry said, 3.6 Trillion …

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