NNPCL renews OML 130 contract with CNOOC, SAPETRO, others

NNPCL renews OML 130 contract with CNOOC, SAPETRO, others

The Nigerian National Petroleum Company Limited, NNPCL, has renewed the Oil Mining Lease 130 Production Sharing Contract and conversion of the acreage to a Petroleum Mining Lease with China National Offshore Oil Corporation and South Atlantic Petroleum with Total Upstream Nigeria as the operator. The renewal was announced on Thursday, in accordance with the provisions…

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Buhari seeks Senate approval to pay N226bn, 6.8m, £98.5m in judgement debts

Buhari seeks Senate approval to pay N226bn, $556.8m, £98.5m in judgement debts

President Muhammadu Buhari has sought the approval of the Senate to issue a promissory note for the payment of 566,754,584.31 dollars, 98,526,012.00 Pounds and N226,281,801,881.64 judgment debt owed by the Federal Government. Buhari’s request was contained in a letter addressed to President of Senate Ahmed Lawan and read at plenary on Wednesday. Buhari in the…

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