The Nigerian Petroleum Development Company, NPDC, says it has remitted over $608m as Royalty, Petroleum Profit Tax in 2016
NPDC is the upstream subsidiary Company of the Nigerian National Petroleum Corporation, NNPC.
There were reports of non-remittance of some crude oil revenue to the Federation Account, but Managing Director of the Company Yusuf Matashi, faulted some of the figures quoted as revenue derived by the company from crude sales.
Matashi told the Senate Ad hoc Committee on the recovery of unremitted revenue, that the value of crude oil lifted by NPDC between May 2013 and August 2016 was $3.294billion as against the Committee’s claim of $3.487.
A statement by NNPC Group General Manager, Group Public Affairs Division, Ndu Ughamadu said the NPDC MD drew the attention of the Committee to the fact that NPDC is funding the cost of production and lifting of crude oil by itself.
The Federal Executive Council has granted citizenship to 335 foreigners from over 500 applications received.
Minister of Interior, Abdulrahman Dambazzau, disclosed this to journalists after the FEC meeting presided over by President Muhammadu Buhari.
According to him, 245 of those granted, applied for citizenship by naturalization and 90, by registration.
The Minister however said that 165 others were disqualified.
Dambazzau added that the council approved recommendation of an advisory committee comprising representatives of the Department of State Services and Ministries of Foreign Affairs and Justice before granting the citizenship.
This comes four years after the Nigerian government approved of such.
President Muhammadu Buhari has sent a revised list of 46 non-career ambassadorial nominees to the Senate for approval.
Senate President Bukola Saraki read the President’s letter to that effect during Thursday’s plenary.
There were many petitions against some nominees as at last year when the President sent the first list.
That led to the Senators rejecting the list
Nigeria has moved a spot up and is now 50th in the world according to the latest FIFA Rankings released today.
They are also seventh in the African ratings, which is still led by Senegal, who are ranked 33rd in the world.
Analysts however say the Super Eagles ranking may suffer seriously by next month because they will not feature at AFCON 2017 in Gabon.
This adds to the fact the team has been inactive since their 3-1 home win over Algeria in a 2018 World Cup qualifier in November.
Nigeria World Cup rivals Algeria is 39th in the world and fifth in Africa, Cameroon is 62nd in the world and 12th in Africa, and Zambia are 88th in the world and 21st in Africa.
The National Union of Petroleum and Natural Gas Workers (NUPENG) have called off its three-day nationwide warning strike.
NUPENG’s President, Igwe Achese, announced the suspension after the meeting with the Minister of Labour and Employment, Chris Ngige.
Other groups at the meeting were the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Nigeria National Petroleum Co-operation (NNPC), National Salaries and Wages Commission, oil and servicing companies, among others.
NUPENG gave a notice of three-day warning strike on Tuesday, over disputes with International Oil Companies, over indiscriminate sack of workers without benefits and refusal to allow their workers to join union.
The draw for the 2019 Africa Cup of Nations qualifying series is holding today in Libreville, Gabon.
The qualifiers are scheduled to begin on June 5 across the continent.
Head coach of the Super Eagles, Gernot Rohr, has revealed he will name his squad for the qualifier in February.
Cameroon will host the 2019 edition of the AFCON, 47 years after they staged the tournament.
Gambian President, Yahya Jammeh has said he will not step down before a Supreme Court decision on disputed elections.
The Court ruling is not expected until May.
Jammeh said his cabinet and the national assembly would remain in place "to ensure the rule of law is upheld" pending the court's ruling.
In a nationwide TV broadcast, Jammeh raised concern about what he called foreign interference.
The chief justice suggested mediation would be the best way forward.
Nigerian president Muhammadu Buhari and other West African leaders are expected in the Gambia on Friday to urge him to accept defeat following December’s election.
Already, President-elect Adama Barrow says he will be inaugurated next week.