Contract Violation: Nigeria vows to resist enforcement of N3.2trillion ruling by UK court
MEDIATRACNET The Nigerian government said on Friday that it is considering all available options to resist the decision of a British court to grant enforcement right to an $8.9billion (about…
Alleged breach of contract: UK court rules against Nigeria
MEDIATRACNET The Nigerian government suffered a major loss at a British court on Friday over $9 billion damages for failing to honour a contract. The British court ruled against Nigeria’s…
How Nigeria was plunged into N3.2 trillion mess
MEDIATRACNET On Tuesday, a U.S. District Court in Washington D.C. gave judgment affirming a $6.59 billion arbitral award, plus $2.30 billion interest, against Nigeria. The judgment was given after the…
NNPC Announces Winners of its 2019/2020 DSDP oil contracts
MEDIATRACNET The Nigerian National Petroleum Corporation (NNPC) on Sunday released the list of 15 winners of the crude oil lifting contracts 2019/2020 under the Direct Sale of Crude Oil and Direct Purchase…
Nigeria committed to OPEC, Non-OPEC output cut deal, says Kyari
MEDIATRACNET Nigeria is totally committed to full compliance with the agreement by the Organization of the Petroleum Exporting Countries (OPEC) and Non-OPEC countries last July on crude oil production cuts,…
FOREX for food imports: Mixed reactions trail Buhari’s directive to CBN
MEDIATRACNET Nigerians have continued to react to last Tuesday’s directive by President Muhammadu Buhari to the Central Bank of Nigeria to halt further provision of foreign exchange for the importation…
Focus beyond Train-7 investment, NNPC GMD tells NLNG
MEDIATRACNET Plan for the development of the country’s gas sector should look beyond the final investment decision (FID) on Train-7 billed for October this year, the Group Managing Director of…
NNPC is improving towards openness, transparency, says NEITI
MEDIATRACNET The Nigeria Extractive Industries Transparency Initiative (NEITI) says it wants the Nigerian National Petroleum Corporation (NNPC) to run its affairs in “an open, transparent and accountable process to build…
Our priority is to expand our tax base, says FIRS Chairman
MEDIATRACNET The Chairman of the Federal Inland Revenue Service, Tunde Fowler, says apart from realising its revenue generation target of over N8.8trillion in 2019, the priority of the tax agency…
Recurring Failed Promises On Refineries: Will Kyari be different?
MEDIATRACNET None of the Group Managing Directors of the Nigerian National Petroleum Corporation (NNPC) since 1993 has delivered on the promise to rehabilitate the country’s four refineries, despite billions spent…