Losses from Crude Theft and Sabotage
Losses arising from crude oil theft and sabotage continued in 2016 in the upstream and downstream. ...
Read moreGas Flare Penalties
There was a total liability of US$3.632million incurred by 23 companies. This has implication of p...
Read moreSignature Bonus
There was no payment for signature bonus in 2016. However, payments made by companies as premium fo...
Read moreNLNG Dividend, Loan repayment and interest payment
NNPC confirmed receipt of US$390.234million being payment of dividend, loan repayment and interest ...
Read moreFirst line deductions from federation domestic crude sales proceeds
NNPC deducted first line charge for pipeline repairs and maintenance in 2016 was N126.554 billion. ...
Read moreDomestic Crude Sales
NNPC did not apply market rate as advised by CBN to convert the sales proceeds received in US dolla...
Read moreOperation & Management of Cash Calls
US$874.044 million was expended on non-JV cash-call activities. Out of which; US$365.148 million...
Read moreNPDC Legacy Liability
Liability status on Good and Valuable Consideration (GVC) in respect of SPDC and NAOC divested asse...
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